Policy status:Ended
Date Effective:2009
Date Ended:2012
Policy Type:Policy Support, Policy Support>Strategic planning
Policy Target: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
Funding:USD 38,1 billion (4% of Korea's GDP)

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)

year effective: 2009 (Jan 6th)

Last modified: Mon, 30 Oct 2017 12:36:01 CET