IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v12y2020i23p10191-d457723.html
   My bibliography  Save this article

Green New Deal Policy of South Korea: Policy Innovation for a Sustainability Transition

Author

Listed:
  • Jae-Hyup Lee

    (Seoul National University School of Law, Seoul 08826, Korea)

  • Jisuk Woo

    (Graduate School of Public Administration, Seoul National University, Seoul 08826, Korea)

Abstract

This paper explores the recently announced “Green New Deal” policy of South Korea as a sustainability transition strategy. Originally proposed as a post-COVID-19 stimulus plan, the Green New Deal is a sustainability-centered strategy for building a low-carbon and climate-neutral economy. The Green New Deal sets out eight targets to be accomplished under three strategic areas: green urban development, low-carbon decentralized energy, and innovative green industry. The Deal also takes measures to protect the people and sectors at a higher risk of being left behind in the process of the economic transition. It is an upgraded version of the “Green Growth” national policy, with more emphasis on sustainability in addition to the growth aspect. This paper will examine the accomplishments and challenges during the Green Growth policy era and argue why the transition to the new Green New Deal is necessary for a sustainability transition.

Suggested Citation

  • Jae-Hyup Lee & Jisuk Woo, 2020. "Green New Deal Policy of South Korea: Policy Innovation for a Sustainability Transition," Sustainability, MDPI, vol. 12(23), pages 1-17, December.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:23:p:10191-:d:457723
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/12/23/10191/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/12/23/10191/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. repec:prg:jnlpep:v:preprint:id:626:p:1-14 is not listed on IDEAS
    2. Armand Kasztelan, 2017. "Green Growth, Green Economy and Sustainable Development: Terminological and Relational Discourse," Prague Economic Papers, Prague University of Economics and Business, vol. 2017(4), pages 487-499.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Maria Orhean Vranceanu & Carmen Eugenia Nastase & Ancuta Lucaci, 2024. "The Perception of Tourism Entrepreneurs in Bukovina Region on Green Economy and Sustainability," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 112-120, August.
    2. Uma Shankar Singh & Małgorzata Rutkowska & Paweł Bartoszczuk, 2022. "Renewable Energy Decision Criteria on Green Consumer Values Comparing Poland and India Aligned with Environment Policy for Sustainable Development," Energies, MDPI, vol. 15(14), pages 1-26, July.
    3. Yingling Zhou & Jianfang Peng & Zhiyong Zhang & Yangjie Li & Ling Cheng, 2025. "Evaluation and obstacle factors diagnosis of Agriculture Green Development level in China’s Yangtze River Basin based on the DPSIR framework," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(2), pages 4971-4999, February.
    4. Seyed Meysam Khoshnava & Raheleh Rostami & Rosli Mohamad Zin & Dalia Štreimikienė & Alireza Yousefpour & Wadim Strielkowski & Abbas Mardani, 2019. "Aligning the Criteria of Green Economy (GE) and Sustainable Development Goals (SDGs) to Implement Sustainable Development," Sustainability, MDPI, vol. 11(17), pages 1-23, August.
    5. Anna Misztal & Magdalena Kowalska, 2024. "Factors of green entrepreneurship in selected emerging markets in the European Union," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(11), pages 28269-28292, November.
    6. Armand Kasztelan & Anna Nowak & Joanna Hawlena, 2019. "Green Growth in Agriculture in the European Union: Myth or Reality?," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 35-48.
    7. Oleg RYBALKIN, 2022. "Sustainable development goals progress in the European Union: correlation with EEPSE green economy index," Access Journal, Access Press Publishing House, vol. 3(2), pages 121-135, April.
    8. Maria Cristina Arcuri & Raoul Pisani, 2021. "Is Trade Credit a Sustainable Resource for Medium-Sized Italian Green Companies?," Sustainability, MDPI, vol. 13(5), pages 1-19, March.
    9. Teun Wolters, 2022. "Why is ecological sustainability so difficult to achieve? An in‐context discussion of conceptual barriers," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(6), pages 2025-2039, December.
    10. Magdalena Ziolo & Iwona Bak & Anna Spoz & Beata Zofia Filipiak & Jaroslaw Kozuba & Piotr Niedzielski, 2020. "Financial and Energy Markets - A Sustainable Approach. Perspective of European Countries Belonging to the OECD," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 491-511.
    11. Nicoleta Mihaela Doran & Roxana Maria Bădîrcea & Marius Dalian Doran, 2022. "Financing the Agri-Environmental Policy: Consequences on the Economic Growth and Environmental Quality in Romania," IJERPH, MDPI, vol. 19(21), pages 1-15, October.
    12. Nan Chen, 2025. "The Impact of Agricultural Green Development on Farmers’ Income Quality in China," Sustainability, MDPI, vol. 17(18), pages 1-50, September.
    13. Andrej Přívara & Magdaléna Přívarová, 2019. "Nexus between Climate Change, Displacement and Conflict: Afghanistan Case," Sustainability, MDPI, vol. 11(20), pages 1-19, October.
    14. D'Amato, D. & Korhonen, J., 2021. "Integrating the green economy, circular economy and bioeconomy in a strategic sustainability framework," Ecological Economics, Elsevier, vol. 188(C).
    15. A. A. I. N. Marhaeni & Kittisak Jermsittiparsert & Sudarmo & Lucia Rita Indrawati & Andjar Prasetyo & Noviati Fuada & Arnis Rachmadhani & Tri Weda Raharjo & Heri Wahyudianto & Bekti Putri Harwijayanti, 2023. "Adoption of the Green Economy through Branchless Rural Credit Banks during the COVID-19 Pandemic in Indonesia," Sustainability, MDPI, vol. 15(3), pages 1-20, February.
    16. Nada Denona Bogovic & Zvonimira Sverko Grdic, 2020. "Transitioning to a Green Economy—Possible Effects on the Croatian Economy," Sustainability, MDPI, vol. 12(22), pages 1-19, November.
    17. Minghua Chen & Tengwen Zhang & Qinru Chu & Linxiao Xie & Jianxu Liu & Roengchai Tansuchat & You Geng, 2023. "Convergence Analysis of Inclusive Green Growth in China Based on the Spatial Correlation Network," Sustainability, MDPI, vol. 15(16), pages 1-21, August.
    18. Marek Ćwiklicki & Łukasz Jabłoński & Riccardo Sartori & Marius Dan Gavriletea, 2019. "The relationship between the economic development of nations and the adoption of green initiatives by companies: a statistical study on 105 countries," Quality & Quantity: International Journal of Methodology, Springer, vol. 53(1), pages 339-361, January.
    19. Vlada Vitunskienė & Lina Lauraitienė, 2025. "Green Growth in Agriculture: Long-Term Evidence from European Union Countries," Sustainability, MDPI, vol. 17(3), pages 1-24, January.
    20. Sanel Halilbegović & Zana Pekmez & Abdul Rehman, 2023. "Modeling the Nexus of Renewable and Non-Renewable Energy Consumption and Economic Progress in Southeastern Europe: A Panel Data Analysis," Sustainability, MDPI, vol. 15(12), pages 1-21, June.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:12:y:2020:i:23:p:10191-:d:457723. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.