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Green New Deal Policy of South Korea: Policy Innovation for a Sustainability Transition

Author

Listed:
  • Jae-Hyup Lee

    (Seoul National University School of Law, Seoul 08826, Korea)

  • Jisuk Woo

    (Graduate School of Public Administration, Seoul National University, Seoul 08826, Korea)

Abstract

This paper explores the recently announced “Green New Deal” policy of South Korea as a sustainability transition strategy. Originally proposed as a post-COVID-19 stimulus plan, the Green New Deal is a sustainability-centered strategy for building a low-carbon and climate-neutral economy. The Green New Deal sets out eight targets to be accomplished under three strategic areas: green urban development, low-carbon decentralized energy, and innovative green industry. The Deal also takes measures to protect the people and sectors at a higher risk of being left behind in the process of the economic transition. It is an upgraded version of the “Green Growth” national policy, with more emphasis on sustainability in addition to the growth aspect. This paper will examine the accomplishments and challenges during the Green Growth policy era and argue why the transition to the new Green New Deal is necessary for a sustainability transition.

Suggested Citation

  • Jae-Hyup Lee & Jisuk Woo, 2020. "Green New Deal Policy of South Korea: Policy Innovation for a Sustainability Transition," Sustainability, MDPI, vol. 12(23), pages 1-17, December.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:23:p:10191-:d:457723
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    References listed on IDEAS

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    1. Armand Kasztelan, 2017. "Green Growth, Green Economy and Sustainable Development: Terminological and Relational Discourse," Prague Economic Papers, Prague University of Economics and Business, vol. 2017(4), pages 487-499.
    2. repec:prg:jnlpep:v:preprint:id:626:p:1-14 is not listed on IDEAS
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    Cited by:

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    6. Doyeon Lee & Keunhwan Kim, 2021. "A Collaborative Trans-Regional R&D Strategy for the South Korea Green New Deal to Achieve Future Mobility," Sustainability, MDPI, vol. 13(15), pages 1-30, August.
    7. Ziyu Duan & Seiyong Kim, 2023. "Characteristics and Variations in Korea through the Lens of Net-Zero Carbon Transformation in Cities," Sustainability, MDPI, vol. 15(18), pages 1-23, September.
    8. Łukasz Jarosław Kozar & Robert Matusiak & Marta Paduszyńska & Adam Sulich, 2022. "Green Jobs in the EU Renewable Energy Sector: Quantile Regression Approach," Energies, MDPI, vol. 15(18), pages 1-21, September.
    9. Smol, Marzena, 2022. "Is the green deal a global strategy? Revision of the green deal definitions, strategies and importance in post-COVID recovery plans in various regions of the world," Energy Policy, Elsevier, vol. 169(C).
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    12. Doyeon Lee & Keunhwan Kim, 2021. "Research and Development Investment and Collaboration Framework for the Hydrogen Economy in South Korea," Sustainability, MDPI, vol. 13(19), pages 1-28, September.
    13. Brown, Donal & Brisbois, Marie-Claire & Lacey-Barnacle, Max & Foxon, Tim & Copeland, Claire & Mininni, Giulia, 2023. "The Green New Deal: Historical insights and local prospects in the United Kingdom (UK)," Ecological Economics, Elsevier, vol. 205(C).
    14. Onaran, Özlem & Oyvat, Cem, 2023. "The effects of public spending in the green and the care economy: the case of South Korea," Greenwich Papers in Political Economy 38766, University of Greenwich, Greenwich Political Economy Research Centre.
    15. Ralf Havertz, 2021. "South Korea’s hydrogen economy program as a case of weak ecological modernization," Asia Europe Journal, Springer, vol. 19(2), pages 209-226, June.
    16. Bjarnhedinn Gudlaugsson & Dana Abi Ghanem & Huda Dawood & Gobind Pillai & Michael Short, 2022. "A Qualitative Based Causal-Loop Diagram for Understanding Policy Design Challenges for a Sustainable Transition Pathway: The Case of Tees Valley Region, UK," Sustainability, MDPI, vol. 14(8), pages 1-49, April.
    17. Kim, SangYoun & Heo, SungKu & Nam, KiJeon & Woo, TaeYong & Yoo, ChangKyoo, 2023. "Flexible renewable energy planning based on multi-step forecasting of interregional electricity supply and demand: Graph-enhanced AI approach," Energy, Elsevier, vol. 282(C).
    18. Lee, Junsoo & Kim, Tae Wan & Koo, Choongwan, 2022. "A novel process model for developing a scalable room-level energy benchmark using real-time bigdata: Focused on identifying representative energy usage patterns," Renewable and Sustainable Energy Reviews, Elsevier, vol. 169(C).
    19. Tan Yigitcanlar, 2021. "Greening the Artificial Intelligence for a Sustainable Planet: An Editorial Commentary," Sustainability, MDPI, vol. 13(24), pages 1-9, December.
    20. Jeongmin Lee & Jinwoo Lee & Changhee Lee & Yulseong Kim, 2023. "Identifying ESG Trends of International Container Shipping Companies Using Semantic Network Analysis and Multiple Case Theory," Sustainability, MDPI, vol. 15(12), pages 1-20, June.
    21. Young-Gyu Lee & Jong-Kwan Kim & Chang-Hee Lee, 2021. "Analytic Hierarchy Process Analysis for Industrial Application of LNG Bunkering: A Comparison of Japan and South Korea," Energies, MDPI, vol. 14(10), pages 1-17, May.
    22. Kyungho Song & Hyun Kim & Jisoo Cha & Taedong Lee, 2021. "Matching and Mismatching of Green Jobs: A Big Data Analysis of Job Recruiting and Searching," Sustainability, MDPI, vol. 13(7), pages 1-15, April.

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