This document is Korea's development strategy to support the country’s recovery from the pandemic crisis and lead the global action against structural changes with the international community. The strategy aims to accelerate the transition towards a low-carbon and eco-friendly economy.
The Green New Deal part of the document notably seeks to make the country's infrastructure greener, increase the use of renewable energy, increase the share of electric- and hydrogen-powered vehicles, and promote sustainable practices in the business and finance worlds.
Under this plan, KRW 73.4 trillion should be invested by 2025.
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Korean New Deal
Sectors: Energy, Finance, Industry, Transport, Urban, Water
Main document
The Korean New Deal
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Other documents in this entry
Press Release on the Korean New Deal
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- Plan to have renewables account for 20% of the South Korea's generation capacity by 2030Energy · Target year: 2030
Timeline
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The summary of this document was written by researchers at the Grantham Research Institute . If you want to use this summary, please check terms of use for citation and licensing of third party data.