OECD Economic Surveys: Korea 2010
Hide / Show Abstract

OECD Economic Surveys: Korea 2010

OECD's periodic review of Korea's economy.  This edition includes chapters covering the recovery and short-term outlook, macroeconomic policy, the financisl system, the health care system, and Korea's green growth strategy.

Click to Access: 
    http://oecd.metastore.ingenta.com/content/1010121e.pdf
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/oecd-economic-surveys-korea-2010_eco_surveys-kor-2010-en
  • READ
 
Chapter
 

Korea's green growth strategy

mitigating climate change and developing new growth engines You do not have access to this content

English
Click to Access: 
    http://oecd.metastore.ingenta.com/content/1010121ec007.pdf
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/oecd-economic-surveys-korea-2010/korea-s-green-growth-strategy_eco_surveys-kor-2010-7-en
  • READ
Author(s):
OECD

Hide / Show Abstract

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.
Also available in French
 
Visit the OECD web site