Author: Tae Yong Jung and Jae Eun Ahn, GGGI

On 15 August 2008, in commemoration of the 60th anniversary of the founding of the Republic of Korea (Korea), President Lee Myung-bak proclaimed ‘Low Carbon, Green Growth’ to be Korea’s new national vision for the next 60 years. This vision and the punchy slogan that heralded it highlighted a new development paradigm of quality-oriented growth based on the use of new and renewable energy resources. Chief among the aims of this strategy is a push to secure Korea’s future as a sustainable economy with expertise in energy conservation and environmental sustainability, which contributes to international efforts to fight climate change. At present, the Korean government is beginning to draw upon existing technological expertise to build the economy in ways that use less energy and ensure environmental sustainability.

The concept of ‘Green Growth’ is relatively new. Read more…