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| GREEN GROWTH |
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Korea’s Low Carbon, Green Growth Progress
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| Korea has become the 13th largest economy in the world in just 60 years. For the next 60 years, President Lee Myung Bak envisions a nation that will be a leader in low carbon emissions and green growth. Domestic companies have expressed support for the broad initiative but, as President Lee has emphasized, real changes will come through changes in production and consumption behavior. Policy focus will be on education,
green consumption, public awareness, and participation. |
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| WOO Ki-jong |
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Post-Kyoto Protocol and Emissions Trading
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| Governments around the world are debating emissions trading schemes (ETS). ETS is an effective method to reach carbon emissions targets at minimum cost, both in theory and
practice. A model created by SERI shows a 60 percent reduction in potential costs compared to a Command and Control System in which governments assign emissions reduction targets. In order to adopt ETS in Korea, an overhaul of the nation's legal system is needed. |
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| LEE Jee Hoon |
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Cooperation on Acquiring Green Technology: Focusing on Renewable Energy
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| Korea's Green New Deal is regarded as a new growth engine, solution to energy needs, and pathway to addressing global warming. However, economic inefficiency, high technological barriers, and excessive competition remain stumbling blocks to acquire green technology. Better oordination and sharing among companies and research institutions is needed in Korea
to commercialize green technology and to maximize their earnings potential and positive environmental impact. |
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| JANG Keeyoon |
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Korea’s Three Hurdles to Green Growth
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| Public and corporate interest in green industries is quickly rising due to rapid changes in energy and environment landscapes. The recent global financial crisis served only to strengthen this momentum. Apart from the growing public interest and attention of the government, however, the hurdles associated with a shortage of green labor supply and low
global competitiveness and lack of financing for promoting the green growth sector are still formidable challenges for Korea. |
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| KANG Heechan |
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Policy Proposals to Promote Green Lifestyles
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| Korea's goal of reducing greenhouse gas emissions by 30 percent in the next decade will be supported by plans to promote 'low carbon green living' through support systems, changes in lifestyle, and public awareness. Korea is now pursuing policies
but the public response has been less than desired. Some measures, such as the energy consumption label system, can be improved for increased public awareness and participation and greater institutional assistance. |
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| DO Gunwoo |
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