Country:Korea
Year:2009 (Jan 6th)
Policy status:Ended
Jurisdiction:National
Date Effective:2009 (Jan 6th)
Date Ended:2012
Policy Type:Policy Support, Policy Support>Strategic planning
Energy Efficiency Policy Targets:Multi-Sectoral Policy
Renewable Energy Policy Targets:Multiple RE Sources, Multiple RE Sources, All
Policy Sector:Electricity, Framework Policy, Heating and Cooling, Multi-sectoral Policy, Transport
Size of Plant Targeted:Small and Large
URL:http://english.president.go.kr/koreain/issue/issue_view.php?board_no=E07&uno=648
Funding:USD 38,1 billion (4% of Korea's GDP)
Energy Efficiency Description:

The Green New Deal package was launched in Korea on 6 January 2009 with a goal of stimulating job creation and revitalization of the national economy in the wake of global financial crisis and economic slowdown in a short-term. In a long term (beyond 2012) the Deal is to promote green growth.

The Green New Deal is a stimulus package based on mix of financial, fiscal and taxation policy to be implemented over period of 2009-2012. 80% of the Deal’s budget was allocated to the environmental theme projects such as:

  • Renewable energies (USD 1.80 billion)
  • Energy efficient buildings (USD 6.19 billion)
  • Low carbon vehicles (USD 1.80 billion)
Renewable Energy Description:

The Green New Deal package was launched in Korea on 6 January 2009 with a goal of stimulating job creation and revitalization of the national economy in the wake of global financial crisis and economic slowdown in a short-term. In a long term (beyond 2012) the Deal is to promote green growth.

The Green New Deal is a stimulus package based on mix of financial, fiscal and taxation policy to be implemented over period of 2009-2012. 80% of the Deal’s budget was allocated to the environmental theme projects such as:

  • Renewable energies (USD 1.80 billion)
  • Energy efficient buildings (USD 6.19 billion)
  • Low carbon vehicles (USD 1.80 billion)

Last modified: Tue, 13 May 2014 10:24:40 CEST