Korea recently set an ambitious goal of cutting greenhouse gas emission by 30 percent below expected levels in 2020, and established the Comprehensive Act on Green Growth to meet the emission target and promote eco-friendly investment. The government also prepared for a variety of measures of the green growth and will put those plans into action.
Nonetheless, the government needs to consider further the full environmental costs and other external costs in setting tax rates on energy, phasing out various exemptions and environmentally harmful subsidies, and introduce a carbon tax to curb CO2 emissions in the near future.
Based on experience in some OECD countries, Korea could gradually (but ultimately) shift more some of tax burdens from income to energy, while addressing properly their potential impact on international competitiveness and distributional concerns. (The rest omitted)
- 녹색성장 세제의 설계와 경제적 효과(The design and economic effects of carbon tax in Korea)
- 김승래; 김지영
녹색성장 세제의 설계와 경제적 효과(The design and economic effects of carbon tax in Korea)
탄소세 도입을 중심으로
|Series Title; No||연구보고서 / 10-05|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Economy < Financial Policy
Territorial Development < Environment