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OECD Environmental Performance Reviews: Korea 2017

image of OECD Environmental Performance Reviews: Korea 2017

OECD Environmental Performance Reviews provide independent assessments of countries’ progress towards their environmental policy objectives. Reviews promote peer learning, enhance government accountability, and provide targeted recommendations aimed at improving environmental performance, individually and collectively. They are supported by a broad range of economic and environmental data, and evidence-based analysis. Each cycle of Environmental Performance Reviews covers all OECD countries and selected partner economies. The most recent reviews include Chile and France (2016).

This report is the third Environmental Performance Review of Korea. It evaluates progress towards sustainable development and green growth, with a focus on waste and materials management, and environmental justice.

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Towards green growth

Korea has created a strong institutional framework for green growth but faces challenges in making the transition to a more environmentally sustainable economic model. This chapter reviews efforts to mainstream environmental considerations into economic policy and to promote green growth. It analyses the use of taxation and other economic instruments to pursue environmental objectives and discusses environmentally harmful subsidies. The chapter examines efforts to scale up environment-related and low-carbon infrastructure, expand related markets and support eco-innovation as a source of economic and employment growth. It also reviews progress in mainstreaming environment in development co-operation programmes, promoting corporate social responsibility of Korean multinational enterprises and greening export credit systems.

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