- Additional Authors
- Yoo, Byungseo.
- Description
- 32 p.; 21 x 29.7cm.
- Summary
- 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.
- Series Statement
- OECD Economics Department Working Papers, 1815-1973 ; no.798
- Uniform Title
- OECD Economics Department Working Papers, no.798.
- Subject
- LCCN
- 10.1787/5kmbhk4gh1ns-en
- OCLC
- oecd-lib-004826
- Author
Jones, Randall.
- Title
Korea's Green Growth Strategy [electronic resource]: Mitigating Climate Change and Developing New Growth Engines / Randall Jones and Byungseo Yoo
- Imprint
Paris : OECD Publishing, 2011.
- Series
OECD Economics Department Working Papers, 1815-1973 ; no.798
OECD Economics Department Working Papers, 1815-1973 ; no.798.
- Connect to:
- Indexed Term
Economics
Korea, Republic of
- Added Author
Yoo, Byungseo.
- Other Standard Identifier
10.1787/5kmbhk4gh1ns-en doi