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Korea's Low-Carbon Green Growth Strategy

Author

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  • Sang In Kang
  • Jin-gyu Oh
  • Hongseok Kim

Abstract

This paper examines Korea’s low-carbon green growth strategy with a focus on three pillars: regulations to reduce greenhouse gas emissions from industries; incentive mechanisms for businesses to develop green technologies and products; and public information tools to increase awareness and demand for green products. Korea’s transition to a low-carbon green growth path may provide a useful reference for many developing countries in a carbonconstrained global economy. The institutionalisation of a low-carbon green growth strategy supported by strong political leadership and elaborated implementation programmes is key to solving many socio-economic and environmental challenges posed by the traditional growth paradigm that is heavily dependent on the consumption of energy and natural resources, including fossil fuels. Efficient role sharing and co-operation among public and private stakeholders in the process of planning, budget preparation and implementation are major components of Korea’s low-carbon green growth strategy. Ce document analyse la stratégie de croissance verte à faible intensité de carbone de la Corée en examinant plus particulièrement trois éléments : les régulations pour réduire les émissions de gaz à effet de serre de l’industrie ; les mécanismes d’incitation pour les entreprises à développer les technologies et les produits respectueux de l’environnement ; et les outils d’information publics pour sensibiliser l’opinion publique et accroître la demande de produits respectueux de l’environnement. Dans une économie mondiale sous contrainte carbone, la transition de la Corée vers une croissance verte à faible intensité de carbone peut servir de point de référence pour bon nombre de pays en développement. L’institutionnalisation de la stratégie de croissance verte à faible intensité de carbone bénéficiant d’un large soutien politique et soutenue par des programmes de mise en oeuvre détaillés est essentielle pour résoudre les défis socio-économiques et environnementaux que posent le paradigme classique de la croissance fortement énergivore et consommatrice de ressources naturelles, parmi lesquelles les énergies fossiles. Un partage efficace des rôles et une coopération suivie entre les acteurs publics et privés dans le processus de planification, de préparation du budget et de mise en oeuvre sont des composantes majeures de la stratégie de croissance verte à faible intensité de carbone de la Corée.

Suggested Citation

  • Sang In Kang & Jin-gyu Oh & Hongseok Kim, 2012. "Korea's Low-Carbon Green Growth Strategy," OECD Development Centre Working Papers 310, OECD Publishing.
  • Handle: RePEc:oec:devaaa:310-en
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    File URL: http://dx.doi.org/10.1787/5k9cvqmvszbr-en
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    References listed on IDEAS

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    1. Pablo T. Spiller & Ernesto H. Stein & Mariano Tommasi & Carlos Scartascini & Lee J. Alston & Marcus André Melo & Bernardo Mueller & Carlos Pereira & Cristóbal Aninat & John Londregan & Patricio Navia , 2008. "Policymaking in Latin America: How Politics Shapes Policies," IDB Publications (Books), Inter-American Development Bank, number 40178 edited by Ernesto H. Stein & Mariano Tommasi & Pablo T. Spiller & Carlos Scartascini, February.
    2. Mauricio Olivera & Monica Pachon & Guillermo Perry, 2010. "The Political Economy of Fiscal Reform: The Case of Colombia, 1986-2006," Research Department Publications 4674, Inter-American Development Bank, Research Department.
    3. Ana María Díaz Escobar, 2015. "Acceso a fuentes de empleo, segregación residencial y resultados laborales de las mujeres en Bogotá," IDB Publications (Working Papers) 6789, Inter-American Development Bank.
    4. repec:idb:brikps:40178 is not listed on IDEAS
    5. Perry, Guillermo & Olivera, Mauricio, 2009. "El impacto del petróleo y la minería en el desarrollo regional y local en Colombia," Socioeconomic research working papers 199, CAF Development Bank Of Latinamerica.
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    Cited by:

    1. Shcherbakova, Anastasia & Kleit, Andrew & Cho, Joohyun, 2014. "The value of energy storage in South Korea’s electricity market: A Hotelling approach," Applied Energy, Elsevier, pages 93-102.

    More about this item

    Keywords

    croissance verte; green growth; green products; green technologies; low-carbon economy; produits respectueux de l’environnement; technologies respectueuses de l'environnement; économie à faible intensité de carbone;

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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