Sustainable Path Forward for the Green Economy in South Korea

Mehri Kh. Vokhidova, Ulugbek I. Narov, Shakxnoza E. Abdullayeva, Farida M. Bukharova, Norhayati Rafida Abdul Rahim

2023

Abstract

South Korea's pursuit of a green economy is an exemplary case study in the global shift toward sustainability. This article, "The Green Economy in South Korea: A Sustainable Path Forward," delves into the multifaceted journey of South Korea as it endeavours to harmonize robust economic growth with responsible environmental stewardship. The analysis traverses’ diverse dimensions, including government policies and frameworks, renewable energy initiatives, green finance and investments, sustainable urban planning, considerations of equity, and international collaborations. Government policies, notably the "Green New Deal," underscore South Korea's commitment to sustainable development, with investments in renewable energy, green infrastructure, and job creation. The expansion of renewable energy sources, led by private sector giants, is pivotal in reducing fossil fuel dependency. Green finance instruments such as green bonds mobilize capital for eco-friendly projects, aligning financial markets with environmental goals. Integrating technology and sustainable practices in urban planning reflects South Korea's commitment to reducing carbon footprints. However, the journey is challenging, notably balancing economic growth with environmental preservation and ensuring equitable distribution of green benefits. South Korea's active participation in global environmental agreements, particularly the Paris Agreement, solidifies its commitment to tackling climate change worldwide.

Paper Citation

in Harvard Style

Vokhidova M., Narov U., Abdullayeva S., Bukharova F. and Rahim N. (2023). Sustainable Path Forward for the Green Economy in South Korea. In Proceedings of the 2nd Pamir Transboundary Conference for Sustainable Societies - Volume 1: PAMIR-2; ISBN 978-989-758-723-8, SciTePress, pages 1402-1407. DOI: 10.5220/0012969000003882

in Bibtex Style

@conference{pamir-223,
author={Mehri Vokhidova and Ulugbek Narov and Shakxnoza Abdullayeva and Farida Bukharova and Norhayati Rahim},
title={Sustainable Path Forward for the Green Economy in South Korea},
booktitle={Proceedings of the 2nd Pamir Transboundary Conference for Sustainable Societies - Volume 1: PAMIR-2},
year={2023},
pages={1402-1407},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0012969000003882},
isbn={978-989-758-723-8},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 2nd Pamir Transboundary Conference for Sustainable Societies - Volume 1: PAMIR-2
TI - Sustainable Path Forward for the Green Economy in South Korea
SN - 978-989-758-723-8
AU - Vokhidova M.
AU - Narov U.
AU - Abdullayeva S.
AU - Bukharova F.
AU - Rahim N.
PY - 2023
SP - 1402
EP - 1407
DO - 10.5220/0012969000003882
PB - SciTePress