2024 Global Dynamics: Risks and Opportunities for South Korea's Renewable Energy Industry

Sul-Ki Lee ()
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Sul-Ki Lee: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr

No 24-13, Industrial Economic Review from Korea Institute for Industrial Economics and Trade

Abstract: The global energy landscape is undergoing aseismic shift. As nations move to adopt low-carboneconomies, the focus of policies designedto achieve this have extended beyond climatechange mitigation: the new energy landscapehas become host to a strategic race amongnations to dominate the new energy frontier.Amid this race, South Korea, heavily reliant onimported fossil fuels and emissions-intensiveindustries, finds itself at a crossroads. Striking abalance between economic growth and aggressivedecarbonization is critical. Korea must notonly curb greenhouse gas (GHG) emissions butalso cultivate a domestic renewable energy industryas a new engine of economic growth. Thank you for reading this abstract of a paper by the Korea Institute for Industrial Economics and Trade! We are South Korea's premier think tank studying the nexus where trade and industry intersect. http://www.kiet.re.kr/en https://www.ssrn.com/index.cfm/en/korea-inst-industrial-econ-trade-res/

Keywords: EU; Carbon Border Adjustrment Mechanism; decarbonization; carbon neutrality; renewable energy; alternative energy; green energy; environmental economics; Korea; KIET (search for similar items in EconPapers)
JEL-codes: Q40 Q42 Q43 Q48 Q56 Q58 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2024-05-31
New Economics Papers: this item is included in nep-ene, nep-int and nep-inv
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