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Review on investment direction of green technology R&D in Korea

Author

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  • Lee, Sang-Ho
  • Park, Sanghoon
  • Kim, Taehyoung

Abstract

As climate changes and resource crisis have globally emerged as practical threats, the capability to deal with environment issues and energy issues has been highlighted as an important variable determining the future of the national economy. Korea, however, has lacked active measures against energy and environment issues so far due to rapid industrialization, and with the deterioration of driving force since IT industry in 1990s, it has become desperately necessary to make R&D investments in green technology to develop green technology as a new national driving force and create new jobs. Accordingly, this article analyzes investment status of green technology R&D in Korea, through which the policy direction for improving investment efficiency and efficient distribution of green technology R&D was proposed. So far, based on this study, the following conclusion could be drawn. First, the domestic/foreign green technology development and policy and Korea’s green technology preoccupancy strategy and objective were investigated. Second, Korea’s green technology R&D investment performance and plan, green technology R&D investment per government department, green technology R&D per-step investment, and industry-academic cooperative study and such Korea’s green technology R&D investment status were analyzed. Third, based on Korea’s green technology R&D investment status, differentiated investment strategy for each priority green technology, establishment of role division within government for multi-department business, fusion between green priority technologies and strengthened greening of existing industries, strengthened support for green technology experts and green technology R&D investment direction were proposed.

Suggested Citation

  • Lee, Sang-Ho & Park, Sanghoon & Kim, Taehyoung, 2015. "Review on investment direction of green technology R&D in Korea," Renewable and Sustainable Energy Reviews, Elsevier, vol. 50(C), pages 186-193.
  • Handle: RePEc:eee:rensus:v:50:y:2015:i:c:p:186-193
    DOI: 10.1016/j.rser.2015.04.158
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    References listed on IDEAS

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    1. Jamasb, Tooraj & Nuttall, William J. & Pollitt, Michael, 2008. "The case for a new energy research, development and promotion policy for the UK," Energy Policy, Elsevier, vol. 36(12), pages 4610-4614, December.
    2. Davoudpour, Hamid & Rezaee, Sara & Ashrafi, Maryam, 2012. "Developing a framework for renewable technology portfolio selection: A case study at a R&D center," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(6), pages 4291-4297.
    3. Paroma Sanyal & Linda R. Cohen, 2005. "Deregulation, Restructuring and Changing R&D Paradigms in the US Electric Utility Industry," Industrial Organization 0504014, University Library of Munich, Germany.
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    Cited by:

    1. Wei Wang & Shoujian Zhang & Yikun Su & Xinyang Deng, 2018. "Key Factors to Green Building Technologies Adoption in Developing Countries: The Perspective of Chinese Designers," Sustainability, MDPI, Open Access Journal, vol. 10(11), pages 1-22, November.
    2. Hwang, Jung-Ah & Boo, Kyung-Jin, 2018. "Overseas expansion of South Korean renewable energy firms: Status and barriers," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P2), pages 2862-2869.
    3. Chang, Kai & Zeng, Yonghong & Wang, Weihong & Wu, Xin, 2019. "The effects of credit policy and financial constraints on tangible and research & development investment: Firm-level evidence from China's renewable energy industry," Energy Policy, Elsevier, vol. 130(C), pages 438-447.

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    Keywords

    Green technology; R&D; Investment direction;

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