Achieving the "Low Carbon, Green Growth" Vision in Korea:
Korea, which has had the highest growth rate of greenhouse gas emissions in the OECD area since 1990, adopted an ambitious Green Growth Strategy in 2009. It aims at reducing emissions by 30% by 2020 relative to a "business as usual" scenario, implying a 4% cut from the 2005 level. The Stra...
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| Main Author: | |
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| Other Authors: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2012
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| Series: | OECD Economics Department Working Papers
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| Subjects: | |
| Online Access: | Volltext |
| Summary: | Korea, which has had the highest growth rate of greenhouse gas emissions in the OECD area since 1990, adopted an ambitious Green Growth Strategy in 2009. It aims at reducing emissions by 30% by 2020 relative to a "business as usual" scenario, implying a 4% cut from the 2005 level. The Strategy also includes a Five-Year Plan with public spending of 2% of GDP per year to promote green growth. Korea is planning to establish a carbon price through a cap-and-trade emissions trading scheme. Such an approach, combined with a carbon tax in sectors not covered by the scheme, is necessary to reduce emissions in a cost-effective manner and foster innovation in green technology. In addition, each sector should face the same electricity price based on production costs to promote efficient energy use. Given market failures, the government has a role to play in green R&D, particularly for basic research, in fostering green finance and in developing renewable energy resources |
| Physical Description: | 1 Online-Ressource (33 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/5k97gkdc52jl-en |
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| spelling | Jones, Randall S... Verfasser aut Achieving the "Low Carbon, Green Growth" Vision in Korea Randall S. Jones and Byungseo Yoo = Concrétiser le projet d'une « croissance verte et sobre en carbone » en Corée / Randall S. Jones et Byungseo Yoo Concrétiser le projet d'une « croissance verte et sobre en carbone » en Corée Paris OECD Publishing 2012 1 Online-Ressource (33 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers Korea, which has had the highest growth rate of greenhouse gas emissions in the OECD area since 1990, adopted an ambitious Green Growth Strategy in 2009. It aims at reducing emissions by 30% by 2020 relative to a "business as usual" scenario, implying a 4% cut from the 2005 level. The Strategy also includes a Five-Year Plan with public spending of 2% of GDP per year to promote green growth. Korea is planning to establish a carbon price through a cap-and-trade emissions trading scheme. Such an approach, combined with a carbon tax in sectors not covered by the scheme, is necessary to reduce emissions in a cost-effective manner and foster innovation in green technology. In addition, each sector should face the same electricity price based on production costs to promote efficient energy use. Given market failures, the government has a role to play in green R&D, particularly for basic research, in fostering green finance and in developing renewable energy resources Environment Economics Korea, Republic of Yoo, Byungseo ctb https://doi.org/10.1787/5k97gkdc52jl-en Verlag kostenfrei Volltext |
| spellingShingle | Jones, Randall S.. Achieving the "Low Carbon, Green Growth" Vision in Korea Environment Economics Korea, Republic of |
| title | Achieving the "Low Carbon, Green Growth" Vision in Korea |
| title_alt | Concrétiser le projet d'une « croissance verte et sobre en carbone » en Corée |
| title_auth | Achieving the "Low Carbon, Green Growth" Vision in Korea |
| title_exact_search | Achieving the "Low Carbon, Green Growth" Vision in Korea |
| title_exact_search_txtP | Achieving the "Low Carbon, Green Growth" Vision in Korea |
| title_full | Achieving the "Low Carbon, Green Growth" Vision in Korea Randall S. Jones and Byungseo Yoo = Concrétiser le projet d'une « croissance verte et sobre en carbone » en Corée / Randall S. Jones et Byungseo Yoo |
| title_fullStr | Achieving the "Low Carbon, Green Growth" Vision in Korea Randall S. Jones and Byungseo Yoo = Concrétiser le projet d'une « croissance verte et sobre en carbone » en Corée / Randall S. Jones et Byungseo Yoo |
| title_full_unstemmed | Achieving the "Low Carbon, Green Growth" Vision in Korea Randall S. Jones and Byungseo Yoo = Concrétiser le projet d'une « croissance verte et sobre en carbone » en Corée / Randall S. Jones et Byungseo Yoo |
| title_short | Achieving the "Low Carbon, Green Growth" Vision in Korea |
| title_sort | achieving the low carbon green growth vision in korea |
| topic | Environment Economics Korea, Republic of |
| topic_facet | Environment Economics Korea, Republic of |
| url | https://doi.org/10.1787/5k97gkdc52jl-en |
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