As various countries explore the merits of green growth in their policies and programs, the Republic of Korea’s (ROK) transition toward green growth serves as an exemplary model.
This report examines why and how the ROK has pursued green growth as a national priority and as a development paradigm, sharing major milestones achieved in various areas such as greenhouse gas emissions, green technology, resource efficiency, and energy security. Drawing on the expertise of sector specialists and practitioners, the report highlights the processes, outcomes, and key takeaways in advancing green growth planning and implementation in the Korean context to address fossil fuel dependency, economic slowdown, and climate change. It highlights how a confluence of milestones created a strong enabling environment for green growth in the ROK, laying out the institutional, legal, and programmatic platform for green growth.
Specifically, it could inform policymakers, experts, advisers, scholars, and the broader development community of the emerging evidence for green growth and guide them in transforming the trade-offs into synergies in the form of bankable projects and win-win investments with tangible impacts on the ground.