Korea's Green Growth Strategy: Mitigating Climate Change and Developing New Growth Engines
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...
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Format: | Elektronisch E-Book |
Sprache: | Englisch |
Veröffentlicht: |
Paris
OECD Publishing
2011
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Schriftenreihe: | OECD Economics Department Working Papers
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Links: | https://doi.org/10.1787/5kmbhk4gh1ns-en |
Zusammenfassung: | 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 |
Umfang: | 1 Online-Ressource (31 Seiten) 21 x 29.7cm |
DOI: | 10.1787/5kmbhk4gh1ns-en |
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institution | BVB |
language | English |
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physical | 1 Online-Ressource (31 Seiten) 21 x 29.7cm |
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publisher | OECD Publishing |
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spellingShingle | Jones, Randall S.. Korea's Green Growth Strategy Mitigating Climate Change and Developing New Growth Engines Economics Korea, Republic of |
title | Korea's Green Growth Strategy Mitigating Climate Change and Developing New Growth Engines |
title_alt | Stratégie de croissance verte pour la Corée |
title_auth | Korea's Green Growth Strategy Mitigating Climate Change and Developing New Growth Engines |
title_exact_search | Korea's Green Growth Strategy Mitigating Climate Change and Developing New Growth Engines |
title_full | Korea's Green Growth Strategy Mitigating Climate Change and Developing New Growth Engines Randall S. Jones and Byungseo Yoo = Stratégie de croissance verte pour la Corée : Lutter contre le changement climatique et tirer parti des nouvelles sources de croissance / Randall S. Jones et Byungseo Yoo |
title_fullStr | Korea's Green Growth Strategy Mitigating Climate Change and Developing New Growth Engines Randall S. Jones and Byungseo Yoo = Stratégie de croissance verte pour la Corée : Lutter contre le changement climatique et tirer parti des nouvelles sources de croissance / Randall S. Jones et Byungseo Yoo |
title_full_unstemmed | Korea's Green Growth Strategy Mitigating Climate Change and Developing New Growth Engines Randall S. Jones and Byungseo Yoo = Stratégie de croissance verte pour la Corée : Lutter contre le changement climatique et tirer parti des nouvelles sources de croissance / Randall S. Jones et Byungseo Yoo |
title_short | Korea's Green Growth Strategy |
title_sort | korea s green growth strategy mitigating climate change and developing new growth engines |
title_sub | Mitigating Climate Change and Developing New Growth Engines |
topic | Economics Korea, Republic of |
topic_facet | Economics Korea, Republic of |
url | https://doi.org/10.1787/5kmbhk4gh1ns-en |
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