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Korea's Low-Carbon Green Growth Strategy - Papers

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  • Korea's Low-Carbon Green Growth Strategy - Papers
  • Kang, Sang In; Oh, Jin-gyu; Kim, Hongseok
  • Organization for Economic Cooperation and Development (OECD)


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Title Korea's Low-Carbon Green Growth Strategy - Papers
Similar Titles
Material Type Reports
Author(English)

Kang, Sang In; Oh, Jin-gyu; Kim, Hongseok

Publisher

Organization for Economic Cooperation and Development (OECD)

Date 2012
Language English
File Type Link
Subject Territorial Development < Environment
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Abstract

This paper examines Korea’s low-carbon green growth strategy with a focus on three pillars: regulations to reduce greenhouse gas emissions from industries;incentive mechanisms for businesses to develop green technologies and products;and public information tools to increase awareness and demand for green products. Korea’s transition to a low-carbon green growth path may provide a useful reference for many developing countries in a carbonconstrained global economy. The institutionalisation of a low-carbon green growth strategy supported by strong political leadership and elaborated implementation programmes is key to solving many socio-economic and environmental challenges posed by the traditional growth paradigm that is heavily dependent on the consumption of energy and natural resources, including fossil fuels. Efficient role sharing and co-operation among public and private stakeholders in the process of planning, budget preparation and implementation are major components of Korea’s low-carbon green growth strategy.