Ⅰ Ⅲ Ⅱ a new era of green growth climate change strategy low-carbon green growth

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Page 1: Ⅰ Ⅲ Ⅱ A New Era of Green Growth Climate Change Strategy Low-Carbon Green Growth
Page 2: Ⅰ Ⅲ Ⅱ A New Era of Green Growth Climate Change Strategy Low-Carbon Green Growth

ⅠⅠ

ⅢⅢ

ⅡⅡ

A New Era of Green A New Era of Green GrowthGrowth

Climate Change StrategyClimate Change Strategy

Low-Carbon Green GrowthLow-Carbon Green Growth

Page 3: Ⅰ Ⅲ Ⅱ A New Era of Green Growth Climate Change Strategy Low-Carbon Green Growth

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ⅠⅠ.. A New Era of Green GrowthA New Era of Green GrowthⅠⅠ.. A New Era of Green GrowthA New Era of Green Growth

Page 4: Ⅰ Ⅲ Ⅱ A New Era of Green Growth Climate Change Strategy Low-Carbon Green Growth

Greater pressure on

Environment & resources

Greater pressure on

Environment & resources

Environmental soundness

critical for enhancing

national competitiveness

Environmental soundness

critical for enhancing

national competitiveness

New solution,

“Green Growth”

New solution,

“Green Growth”

Global population

growth rapid

expansion of BRICs

economies =>

accelerated pressure

on energy &

resources

Climate change-

induced

environmental &

socioeconomic

problems on the rise

energy & resource

security become

decisive factor for

national

competitiveness

Developed countries

formulate strategies

to promote green

industry as a growth

driver

Past economic

development

paradigm

is no longer viable

Low carbon,

eco-friendliness

accepted as key to

promote new growth

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Page 5: Ⅰ Ⅲ Ⅱ A New Era of Green Growth Climate Change Strategy Low-Carbon Green Growth

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President Lee Myung-bak declared a vision of “Low Carbon, Green Growth” as the new national vision to lead Korea’s future development for the next 60 years (On Aug. 15 celebrating the 60th anniversary of Korea’s foundation)

※ G8 Summit Outreach Meeting on July 9 provided the momentum

In the vision of “Green Growth,” green is a broader concept that transcends

environment, while growth does not conflict with but complements the

environment. (Aug.29)

“It [Low carbon society] is not an option we can choose. It is a path we must

take and are already taking.”

“Green growth refers to sustainable growth which helps reduce greenhouse

gas emission and environmental pollution. It is also a new national development

paradigm that creates new growth engines and jobs with green technology and

clean energy.” (Aug.15)

Page 6: Ⅰ Ⅲ Ⅱ A New Era of Green Growth Climate Change Strategy Low-Carbon Green Growth

A new paradigm of national development that supports

sustainable growth by mitigating GHG and environmental

contamination while creating new growth drivers and jobs

through promotion of green technology and clean energy ※ A term officially used by UN ESCAP in 2005

• In order to prevent climate change → promote green

growth → shift to low-carbon society

What is Green Growth? What is Green Growth?

UK Scotland (2005) : Green Jobs Strategy for Green Growth

Germany (2007) : Green Industrial Policy Report - Identified environmental & economic challenges facing EU

(climate change, water shortage, etc.) and proposed response measures

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Page 7: Ⅰ Ⅲ Ⅱ A New Era of Green Growth Climate Change Strategy Low-Carbon Green Growth

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Ⅱ. . Low-Carbon Green GrowthLow-Carbon Green GrowthⅡ. . Low-Carbon Green GrowthLow-Carbon Green Growth

Page 8: Ⅰ Ⅲ Ⅱ A New Era of Green Growth Climate Change Strategy Low-Carbon Green Growth

Virtuous cycleVirtuous cycle

From a vicious cycle of energy, economy, climate,

ecosystem to a virtuous cycle

Paradigm shift : Decoupling of GHG emission growth from

economic growth & increased environmental sustainability

Goal of Low-Carbon Green Growth

Goal of Low-Carbon Green Growth

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Vicious cycleVicious cycle

Poverty

Global warmingClimate change

Increased dependence on fossil fuel

Non-sustainableeconomic growth

Energy security

Sustainablegrowth

Renewable energy,high energy efficiency

Climate change response

Page 9: Ⅰ Ⅲ Ⅱ A New Era of Green Growth Climate Change Strategy Low-Carbon Green Growth

Pursue decoupling of environmental pollution from

economic growth

Minimize GHG gas emissions and environmental

degradation by enhancing eco-efficiency

Pursue decoupling of environmental pollution from

economic growth

Minimize GHG gas emissions and environmental

degradation by enhancing eco-efficiency

1. Low-carbon policy to reduce greenhouse gas

1. Low-carbon policy to reduce greenhouse gas

Promote growth by using Green Technology and Green

Industry as new growth engines that reduce GHG and

increase eco-friendliness

Promote growth by using Green Technology and Green

Industry as new growth engines that reduce GHG and

increase eco-friendliness

2. Green Technology as future growth drivers

2. Green Technology as future growth drivers

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Page 10: Ⅰ Ⅲ Ⅱ A New Era of Green Growth Climate Change Strategy Low-Carbon Green Growth

Develop & export Green convergence technology using IT, BT, NT

capabilities

* e.g : Green Homes using renewable energy, hydro-energy and ethanol

production

Develop & export Green convergence technology using IT, BT, NT

capabilities

* e.g : Green Homes using renewable energy, hydro-energy and ethanol

production

3. Policy to promote convergence technology

3. Policy to promote convergence technology

Green technologies will solve the problem of “growth without

employment” * Renewable industries will generate several times more jobs than existing

industries (7-10 times more for solar energy)

Green technologies will solve the problem of “growth without

employment” * Renewable industries will generate several times more jobs than existing

industries (7-10 times more for solar energy)

4. Policy to create new jobs 4. Policy to create new jobs

Shift to a knowledge-based economy in the post-manufacturing era

Seizing new opportunities by encouraging convergence across

industries and technologies to respond to future mega-trends

Shift to a knowledge-based economy in the post-manufacturing era

Seizing new opportunities by encouraging convergence across

industries and technologies to respond to future mega-trends

5. Policy to enhance corporate competitiveness

5. Policy to enhance corporate competitiveness

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Page 11: Ⅰ Ⅲ Ⅱ A New Era of Green Growth Climate Change Strategy Low-Carbon Green Growth

Low carbon, green land and urban planning

Increased investment for building low carbon, eco-friendly SOC’s

(such as public transport, railway, etc)

Expand Green Home ·Green Building utilizing renewable energy

* Reduce energy-use by improving heat insulation systems, promote solar/

geothermal/wind energy

Low carbon, green land and urban planning

Increased investment for building low carbon, eco-friendly SOC’s

(such as public transport, railway, etc)

Expand Green Home ·Green Building utilizing renewable energy

* Reduce energy-use by improving heat insulation systems, promote solar/

geothermal/wind energy

6. Reinvent land, urban area, buildings and transport

6. Reinvent land, urban area, buildings and transport

Promote consumption of Green products, Strengthen disclosure of

environmental footprint of companies

Increase support for Green products and government procurement

Induce life-style changes

* Promote bicycle-use, energy & water conservation, resources recycling, etc.

Promote consumption of Green products, Strengthen disclosure of

environmental footprint of companies

Increase support for Green products and government procurement

Induce life-style changes

* Promote bicycle-use, energy & water conservation, resources recycling, etc.

7. Bring a daily revolution to existing life-styles

7. Bring a daily revolution to existing life-styles

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Page 12: Ⅰ Ⅲ Ⅱ A New Era of Green Growth Climate Change Strategy Low-Carbon Green Growth

Induce comprehensive changes in life-style and culture by taking

relevant social, cultural & ethical approaches

Build national consensus through Green Culture Movement using

mass media and education channels

Induce comprehensive changes in life-style and culture by taking

relevant social, cultural & ethical approaches

Build national consensus through Green Culture Movement using

mass media and education channels

8. Green education·culture policies

8. Green education·culture policies

By implementing eco-friendly tax schemes, encourage

environmental preservation and resources conservation while

creating more jobs

By implementing eco-friendly tax schemes, encourage

environmental preservation and resources conservation while

creating more jobs

9. Eco-friendly tax reform 9. Eco-friendly tax reform

New “Korean Wave” by brandizing national green vision and Green

Korea public campaigns

Bridging role between developed/developing countries while

demonstrating global Green Leadership

New “Korean Wave” by brandizing national green vision and Green

Korea public campaigns

Bridging role between developed/developing countries while

demonstrating global Green Leadership

10. Enhancing national brand power 10. Enhancing national brand power

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Page 13: Ⅰ Ⅲ Ⅱ A New Era of Green Growth Climate Change Strategy Low-Carbon Green Growth

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Enhanced competitiveness of national economy

New national developmentby securing growth engines

Higher quality of life

by job creation & improved environment

Low Carbon Green

Growth

Green Koreaa mature global

citizen

Page 14: Ⅰ Ⅲ Ⅱ A New Era of Green Growth Climate Change Strategy Low-Carbon Green Growth

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ⅢⅢ. Climate Change StrategyClimate Change StrategyⅢⅢ. Climate Change StrategyClimate Change Strategy

Page 15: Ⅰ Ⅲ Ⅱ A New Era of Green Growth Climate Change Strategy Low-Carbon Green Growth

Emerged as key agenda at Davos Forum (2005-2007) Emerged as key agenda at Davos Forum (2005-2007) - Climate change the greatest risk for business management Jan. 25, 2007 Survey on 500 CEOs : Climate-induced environmental changes cited as the greatest issue expected to influence corporate management

※ Over 70% of global 500 companies said climate change is posing risk to business (Financial Times 2007)

Reports released on impacts of climate change and adaptation Reports released on impacts of climate change and adaptation

- IPCC 4th Report (Feb, 2007), Stern Review (Dec. 2006)

UN & int’l organizations discuss climate change as top agendaUN & int’l organizations discuss climate change as top agenda

- UN Climate Change High Level Event(Sep. 2007)

- Adoption of “Leaders’ Declaration on Climate Change” at APEC Summit(Sep. 2007)

- Intensive discussion dedicated to climate change at G8 Summit Outreach Meeting[Jul.2007]

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Page 16: Ⅰ Ⅲ Ⅱ A New Era of Green Growth Climate Change Strategy Low-Carbon Green Growth

VisionVision - Low Carbon, Green Growth –

“contribute to the global efforts to combat climate change and achieve low carbon society thru green growth”

- Low Carbon, Green Growth –

“contribute to the global efforts to combat climate change and achieve low carbon society thru green growth”

OOBBJJEECCTTIIVVEE

1. Climate industry as a new economic driving force 1. Climate industry as a new economic driving force

2. Improving quality of life and the environment 2. Improving quality of life and the environment

3. Contributing to global efforts to combat climate change 3. Contributing to global efforts to combat climate change

  ⇒ Plan of Action to materialize the Presidential Vision for “Low Carbon Green Growth”   ⇒ Plan of Action to materialize the Presidential Vision for “Low Carbon Green Growth”

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ImprovingQuality of Life

Contributingto the

Global Efforts

“Low Carbon Green Growth”

FosteringClimate Industry

1-1. Improving energy efficiency in the industrial sector

1-2. Expanding R&D investment in Green Technologies

1-3. Developing key climate industries

1-1. Improving energy efficiency in the industrial sector

1-2. Expanding R&D investment in Green Technologies

1-3. Developing key climate industries

2-1. Enhancing quality of life (transportation)

2-2. Green life-style change

2-3. Enhancing Adaptation

2-4. Enhancing Awareness and changing patterns

2-5. Scientific monitoring and prediction

2-1. Enhancing quality of life (transportation)

2-2. Green life-style change

2-3. Enhancing Adaptation

2-4. Enhancing Awareness and changing patterns

2-5. Scientific monitoring and prediction

3-1. Setting Mid-term mitigation goal

3-2. Contributing to Post-2012 negotiations

3-3. Active developing country assistance and international cooperation

3-1. Setting Mid-term mitigation goal

3-2. Contributing to Post-2012 negotiations

3-3. Active developing country assistance and international cooperation

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Plan of Actions

◇ Increased R&D investments in Green Technology

- innovative development strategy for new future technologies

- More than double gov’t R&D investment by 2012 (700 billion KRW 2008]

- Develop convergence technologies using strong IT, BT, NT

◇ Improving energy efficiency in the industrial sector

- energy intensity goals (industrial sector) * energy intensity(toe/1,000$, 2000 PPP) : (2006)0.230 → (2020) 0.154 → (2030) 0.123

- Voluntary Agreement strengthened to Negotiated Agreement (NA)

- Incentives (financial, tax benefits) on investments for GHG

reduction

- Strengthening standardization and certification : e.g. Eco Labeling

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Plan of Actions

Fostering renewable energy industry

- Increased renewable energy share: 2.24%(’06) → 11%(’30) → +20%(’50)

- Initial market creation & reinforced promotion programs * ‘Million Green Home’ project, Solar Energy Town, marine energy development, etc. - Export solar & wind power generation (target market share: 5% in

2012) * solar power generation: 140 trillion KRW (’12), wind power generation: 110 trillion KRW (’12) Developing energy-efficiency improvement industry - Expanded investment in energy-efficiency improvement

technologies (700 billion KRW in 5yrs)

* global top class by 2030 : electricity IT, LED lighting, energy storage

- Foster green car industry

(Global top 4 green car manufacturer)

Nuclear energy & Eco-friendly industries- Share nuclear power plant management & technology know-how- Support development of water companies, ‘waste-to-energy’ industry, meteorology industry & CDM (export-oriented)

◇ Developing Key Climate Industry

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Plan of Actions

◇ Enhancing quality of life (green transportation system)

- Achieve GHG mitigation & improve the environment by cutting

down

social cost of traffic congestion (24.6 trillion KRW in 2006 = 2.9% of

GDP)

- Expand low carbon, green transportation & innovate public transit * promote use of bicycles and railways (double the share of railway transport by 2019)◇ Green life-style change

- Promote light vehicles & fuel-efficient, green cars

- Expand green homes & buildings

- Create low carbon society & reduce GHG from household sector

- Expand forest carbon sinks & carbon cycle

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Plan of Actions

◇ Build a safe society by implementing adaptation measures

- Draft nat’l/sectoral climate impacts assessment & comprehensive adaptation

plan

- Strengthen climate change impact assessments & vulnerability analysis

- Enhance risk management against natural disasters, health threats…

◇ Promote low carbon lifestyles - Improve climate change education in elementary/middle school curriculum

- Raise consumer responsibility, environmental awareness & climate action

- Organize “carbon-neutral” government/public events

- Encourage public climate action by proliferating low carbon, green life style

- Nurture professionals dedicated to climate response

◇ Advance climate change monitoring & prediction capabilities - Set up monitoring system for climate & Earth environment changes

- Develop climate change scenarios & observed data utilization system

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Plan of Actions

◇ Set a midterm reduction goal - Provide a clear signal for transition to low carbon society

- Demonstrate commitment to contribute to global efforts

- Goal based on scientific analysis & national consensus

- Set reduction goals by sector & cost-effective mitigation strategy

◇ Active international negotiation strategy

- Bridging role between the developed/developing countries

→ Contribute to Post-2012 negotiations *by proposing ‘Market-based principle’

◇ Boost developing country assistance & international cooperation

- Support projects & capacity building in developing countries

* East-Asia Climate Partnership : 200 million USD for 5 years

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1. Financial and Budgetary Support - (Public) Boost financial support from Government budget

e.g. Climate Change Action Fund (tent)

- Expand R&D investment to secure core green technologies * Share of climate R&D investment in total government R&D investment:: 6.4% (’08)→ 8.5%

(’12)

- (Private) Provide financial & taxation incentives to induce

investment from the private sector

2. Price Structure Reform - Bring climate-friendly functionality to existing tax scheme,

Consider introducing Carbon Tax

- Promote green consumption by applying ‘Polluter-Pay-Principle’

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3. Improve carbon intensity & eco-efficiency of major SOCs - Cut traffic congestion cost (24,6 trillion KRW), enhance sustainability

- Increase energy-saving capabilities by promoting eco-friendly architecture and buildings

- Build infrastructure designed to reduce waste or recycle resources

4. Legislative & institutional foundation - Lay the legal framework for low carbon, green growth * Review & evaluate central/local governments’ climate response, perform climate

change impacts assessment

- Set up national inventory system & consider introduction of an emissions trading scheme

5. Public awareness and participation

- Raise public awareness, incorporate climate change into school curriculum

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Fundamental change in the Social & Economy structure

  ※ preparation (decrease in emission rise), implementation (stabilization and absolute reduction), maturity (low-carbon society)

Preparation Implementati

on

Maturit

y

GH

G e

mis

sio

n

Page 26: Ⅰ Ⅲ Ⅱ A New Era of Green Growth Climate Change Strategy Low-Carbon Green Growth

Basic data used to determine the level of national efforts

to limit GHG emissions ⇒ Accurate inventory data is a

prerequisite to identifying mitigation potential and sector

Basic data used to examine domestic state of emissions and build strategy for international negotiations (UNFCCC)

Importance of GHG inventory system

Importance of GHG inventory system

National governments that are Parties to the UNFCCC are required to:

a) develop and implement GHG mitigation policies b) Submit national reports on GHG inventories and policy

implementations26

Page 27: Ⅰ Ⅲ Ⅱ A New Era of Green Growth Climate Change Strategy Low-Carbon Green Growth

• The IPCC* provides Guidelines for National Greenhouse Gas Inventories intended for use by countries to estimate GHG inventories according to a common standard

Presents methodologies for estimating GHG emissions by sector / gas Includes types of GHG gases, GWP’s and other international standards

Korea compiles national inventory following the IPCC guidelines

GHG emissions and removals by source and sink are made public annually

More efforts needed to assure data quality

Compiling a GHG inventory

Compiling a GHG inventory

* IPCC : Intergovernmental Panel on Climate Change

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Thank youThank youThank youThank you