Korea's Green Growth Strategy Mitigating Climate Change and Developing New Growth Engines

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Korea’s greenhouse gas emissions almost doubled between 1990 and 2005, the highest growth rate in the OECD area. Korea recently set a target of reducing emissions by 30% by 2020 relative to a "business as usual" baseline, implying a 4% cut from the 2005 level. Achieving this objective in a cost-effective manner requires moving from a strategy based on voluntary commitments by firms to market-based instruments. The priority is to establish a comprehensive cap-and-trade scheme, supplemented, if necessary, by carbon taxes in areas not covered by trading. Achieving a significant cut in emissions requires a shift from energy-intensive industries to ... continued below

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32 p.:ill.

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Jones, Randall S. & Yoo, Byungseo July 2010.

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This text is part of the collection entitled: Environmental Policy Collection and was provided by UNT Libraries to Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 58 times . More information about this text can be viewed below.

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Korea’s greenhouse gas emissions almost doubled between 1990 and 2005, the highest growth rate in the OECD area. Korea recently set a target of reducing emissions by 30% by 2020 relative to a "business as usual" baseline, implying a 4% cut from the 2005 level. Achieving this objective in a cost-effective manner requires moving from a strategy based on voluntary commitments by firms to market-based instruments. The priority is to establish a comprehensive cap-and-trade scheme, supplemented, if necessary, by carbon taxes in areas not covered by trading. Achieving a significant cut in emissions requires a shift from energy-intensive industries to low-carbon ones. Korea is strongly committed to promoting green growth through its Five-Year Plan, which envisages spending 2% of GDP per year through 2013. One challenge is to ensure that these expenditures are efficiently targeted so as to develop green technologies, while avoiding the risks inherent in industrial policy.

Physical Description

32 p.:ill.

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Environmental Policy Collection

The Environmental Policy Collection contains reports, policy documents, and media selected from local, statewide, national, and international organizations; government and private agencies; and scientific and research institutions. The collection also contains theses and dissertations relevant to environmental policy.

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  • July 2010

Harvested Date

  • October 2010

Added to The UNT Digital Library

  • Oct. 14, 2013, 10:54 a.m.

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Jones, Randall S. & Yoo, Byungseo. Korea's Green Growth Strategy Mitigating Climate Change and Developing New Growth Engines, text, July 2010; 2 Rue André Pascal 75016 Paris, France. (digital.library.unt.edu/ark:/67531/metadc226798/: accessed November 20, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; .