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

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  • 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
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    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.
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    8. Brown, Donal & Brisbois, Marie-Claire & Lacey-Barnacle, Max & Foxon, Tim & Copeland, Claire & Mininni, Giulia, 2023. "The Green New Deal: Historical insights and local prospects in the United Kingdom (UK)," Ecological Economics, Elsevier, vol. 205(C).
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    12. Ralf Havertz, 2021. "South Korea’s hydrogen economy program as a case of weak ecological modernization," Asia Europe Journal, Springer, vol. 19(2), pages 209-226, June.
    13. Bjarnhedinn Gudlaugsson & Dana Abi Ghanem & Huda Dawood & Gobind Pillai & Michael Short, 2022. "A Qualitative Based Causal-Loop Diagram for Understanding Policy Design Challenges for a Sustainable Transition Pathway: The Case of Tees Valley Region, UK," Sustainability, MDPI, vol. 14(8), pages 1-49, April.
    14. Kim, SangYoun & Heo, SungKu & Nam, KiJeon & Woo, TaeYong & Yoo, ChangKyoo, 2023. "Flexible renewable energy planning based on multi-step forecasting of interregional electricity supply and demand: Graph-enhanced AI approach," Energy, Elsevier, vol. 282(C).
    15. Lazo, Joaquín & Aguirre, Gerson & Watts, David, 2022. "An impact study of COVID-19 on the electricity sector: A comprehensive literature review and Ibero-American survey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 158(C).
    16. Seongjo Wang & Sungho Tae & Hyeongjae Jang, 2021. "Prediction of the Energy Self-Sufficiency Rate of Major New Renewable Energy Types Based on Zero-Energy Building Certification Cases in South Korea," Sustainability, MDPI, vol. 13(20), pages 1-15, October.
    17. Siyeon Kim & Meesung Lee & Ilhan Yu & JeongWook Son, 2022. "Key Initiatives for Digital Transformation, Green New Deal and Recovery after COVID-19 within the Construction Industry in Korea," Sustainability, MDPI, vol. 14(14), pages 1-19, July.
    18. Richard Wallsgrove & Jisuk Woo & Jae-Hyup Lee & Lorraine Akiba, 2021. "The Emerging Potential of Microgrids in the Transition to 100% Renewable Energy Systems," Energies, MDPI, vol. 14(6), pages 1-28, March.
    19. Onaran, Özlem & Oyvat, Cem, 2023. "The effects of public spending in the green and the care economy: the case of South Korea," Greenwich Papers in Political Economy 38766, University of Greenwich, Greenwich Political Economy Research Centre.
    20. Lee, Junsoo & Kim, Tae Wan & Koo, Choongwan, 2022. "A novel process model for developing a scalable room-level energy benchmark using real-time bigdata: Focused on identifying representative energy usage patterns," Renewable and Sustainable Energy Reviews, Elsevier, vol. 169(C).
    21. Young-Gyu Lee & Jong-Kwan Kim & Chang-Hee Lee, 2021. "Analytic Hierarchy Process Analysis for Industrial Application of LNG Bunkering: A Comparison of Japan and South Korea," Energies, MDPI, vol. 14(10), pages 1-17, May.
    22. Kyungho Song & Hyun Kim & Jisoo Cha & Taedong Lee, 2021. "Matching and Mismatching of Green Jobs: A Big Data Analysis of Job Recruiting and Searching," Sustainability, MDPI, vol. 13(7), pages 1-15, April.

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