K-Taxonomy

The summary of this document was written by researchers at the <a href="http://lse.ac.uk/grantham" target="_blank"> Grantham Research Institute </a> . If you want to use this summary, please check <a href="https://www.lse.ac.uk/granthaminstitute/cclw-terms-and-conditions" target="_blank"> terms of use </a> for citation and licensing of third party data.

Laws and Policies

CCLW

CCLW national policies

K-Taxonomy (2021 version)

K-Taxonomy (2022 version)

Date last amended

Date amended

Date released

The Korean green classification system (K-Taxonomy) was established in 2021, to define and categorise sustainable economic activities, providing clear principles and standards for green economic activities for investors and companies. It is meant to enable the financial industry to smoothly develop green finance without worrying about greenwashing. Through this, it is expected that confidence in green finance will be increased and the inflow of green funds into green businesses will be promoted, forming favourable conditions for the growth of the green market.
The revisions in December 2024 included the addition of green economic activities relating to the sustainable conservation of water; transition to a circular economy including refill stations and waste recycling technology; pollution prevention and management; and biodiversity conservation.

Climate Change Laws of the World

Find climate change laws, policies, targets and other climate policy data and indicators for {text}, alongside information about their legislative process.

{text} climate laws and policies

The Climate Change Laws of the World database gives you access to national-level climate change legislation and policies from around the world.

Law and Policy Search

Quickly and easily search through the complete text of thousands of climate change law and policy documents from every country.

Search the Climate Change Laws of the World database

An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

Risk is the potential for adverse consequences resulting from the dynamic interplay between (climate-related) hazards, exposure, and vulnerability of affected human or ecological systems.

Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.

The management and allocation of funds, assets and investments to meet various objectives

The release of heat-trapping gases, primarily from human activities such as burning fossil fuels, agriculture and industry.

Conditions that enhance the feasibility of adaptation options. Enabling conditions include finance, technological innovation, strengthening policy instruments, institutional capacity, multi-level governance and changes in human behaviour and lifestyles.

A loan is a policy instrument where funds are provided to a borrower with the expectation of repaying the principal plus interest.

This sector provides communication services, software development, and IT solutions.

Activities of businesses and institutions that provide financial services and products to individuals and organisations.

K-Taxonomy

Policy instrument

Greenhouse gas

Economic sector

Adaptation/resilience