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