Korea’s proactive engagement to fight climate change through green growth.
What is green growth?
Green growth is a term selected through the Seoul Initiative (SI) which was derived through the “Ministerial Conference on Environment and Development (MCED)”, jointly sponsored by Korea’s Ministry of Environment and UNESCAP. The main purpose of this initiative is to propose a model of sustainable growth based on Korea’s past experience of compressed and accelerated economic growth, which wrought significant damage on the nation’s environment. Green Growth is a concept which materializes the coexistence of environment (green) and economic development (growth), and implies two different meanings depending on the direction of the coexistence.
(Economic development – - - Environment)
refers to economic development which limits environmental degradation and protects the environment. Growth
(environment – - - economic development)
refers to utilizing the environment as an engine for further economic growth.
Why green growth?
Korea needs dramatically transformation towards a low-carbon society. Currently, Korea exhibits all the characteristics of a high-carbon society. Korea’s annual CO2 emission rate per capita (9.86ton per person in 2006) is 1.7 times higher than that of France (Italy, 7.61 and France 5.97)
- Korea’s per capita energy use (4.48toe in 2006) is on par with that of the advanced nations
(OECD average 4.7, Germany 4.23, Japan 4.13)
- Energy loss due to lax insulation requirements of windows is three times that of the advanced countries
- renewable energy distribution rate is very low (2.4% in 2007)
Source: Green Growth Korea