Green Growth and WTO Rules: Harmonization from Korea's Perspective

Sherzod Shadikhodjaev (), Jeongmeen Suh, MinSung Kim () and Jaehyoung Lee ()
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Sherzod Shadikhodjaev: KDI School of Public Policy and Management
MinSung Kim: Korea Institute for International Economic Policy
Jaehyoung Lee: Korea University

No 13-25, World Economy Brief from Korea Institute for International Economic Policy

Abstract: In the full recognition of seriousness of climate change problems, Korea an-nounced a new policy towards greening its economy. In his address marking the 60th anniversary of Korea's foundation in 2008, President Lee Myung-bak declared 'Low Carbon Green Growth' as the country's new vision to lead the country's development for the next decades. In 2009, the government announced the 'National Strategy for Green Growth' up to 2050, to be gradually implemented through five-year plans. The national strategy envisages three main objectives, such as (1) mitigation of climate change and the strengthening of the country's energy independence, (2) creation of new growth engines, and (3) improvement of the quality of people's lives and enhancement of Korea's international status. These goals are pursued by 10 designated policy directions, such as mitigation of greenhouse gas emissions, development of green technologies, creation of a green homeland and others.

Keywords: Green Growth; WTO Rules; Harmonization (search for similar items in EconPapers)
Pages: 5 pages
Date: 2013-05-31
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kiepwe:2013_025

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