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

Author

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  • Lee, Sul-Ki

    (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/

Suggested Citation

  • Lee, Sul-Ki, 2024. "2024 Global Dynamics: Risks and Opportunities for South Korea's Renewable Energy Industry," Industrial Economic Review 24-13, Korea Institute for Industrial Economics and Trade.
    • Handle: RePEc:ris:kieter:2024_013
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    More about this item

    Keywords

    EU; Carbon Border Adjustrment Mechanism; decarbonization; carbon neutrality; renewable energy; alternative energy; green energy; environmental economics; Korea; KIET;
    All these keywords.

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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