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Global Top Climate Environmental and Green Industry Growth Plan

Geography
🇰🇷 South Korea
Year
2024
Document Type
Policy

Summary

This plan supports new green startups and expands export opportunities in a range of climate, environmental, and green industries. The long-term goal is to encourage the development of 1,000 green startups by 2027. To achieve this, the government will first support 10 "green unicorn" startups, invest in research development for 10 global leading green technologies, and create 10 green industrial clusters. The government will allocate KRW 30 trillion for green investments. The government will also establish a green export fund of KRW 300 billion to support Korean vendors in overseas projects. Other specific funding measures include: financing support for bond/equity issuance, public-private funds to support startups in various stages, and public loans for green business capital expenditures.

Documents

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 Topics mentioned most in this policy

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Group
Topics
Target
Policy instrument
Risk
Impacted group
Just transition
Climate justice
Renewable energy
Fossil fuel
Greenhouse gas
Economic sector
Adaptation/resilience
Finance

Note

NewClimate Institute

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