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Overiew of the Republic of Korea's national strategy for green growth

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  • Overiew of the Republic of Korea's national strategy for green growth
  • United Nations Environment Programme
  • United Nations Environment Programme


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Title Overiew of the Republic of Korea's national strategy for green growth
Similar Titles
Material Type Articles
Author(English)

United Nations Environment Programme

Publisher

Geneva:United Nations Environment Programme

Date 2010-04
Pages 54
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Territorial Development < Environment
Holding UNEP
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Abstract

Transforming the global economy away from dependence on fossil fuels and unsustainable use of the Earth’s limited resources and achieving a transition towards a Green Economy1 is not an option; it is a fundamental requirement for the survival of our economic and social systems in the 21st century. The Republic of Korea’s National Strategy and Five-Year Plan for Green Growth represent a major
attempt to fundamentally transform the country’s growth paradigm from “quantitative growth” to low-carbon, “qualitative growth”. The green growth strategy contains encouraging policy goals and targets to tackle climate change and enhance energy security, create new engines of growth through investment in environmental sectors, and develop ecological infrastructure. The commitment to spend 2 per cent of gross domestic product (GDP) over the next five years, for investment in areas such as green technologies, resource and material efficiency, renewable energies, sustainable transport, green buildings, and ecosystem restoration, is a remarkable effort to reorient and refocus investment in the environment.

User Note

This report is produced by the United Nations Environment Programme (UNEP) as part of its Green Economy Initiative. The purpose of this report is to present an overview of the Republic of Korea’s strategies and policy goals set under National Strategy for Green Growth announced in August 2008. The report also examines Korea’s Green New Deal launched in January 2009 along with the Five-Year Plan for Green Growth released in July 2009.