Korea plans to build green cities, use eco-friendly energy in carrying out Green New Deal
Updated: 2020-07-15 15:21:17 KST
To help recover the country's COVID-19-hit economy and ultimately transform into a world power that leads, not follows, President Moon Jae-in unveiled the government's grand initiative called the 'Korean New Deal' earlier this week.
It aims to create nearly two million jobs by 2025.
The two key pillars are going "digital" and "green" and today, we'll be focusing on the "green" aspect of this initiative.
Seoul aims to adopt green technologies for buildings and the cities infrastructure, use environmentally-friendly energy sources, and create 'smart green' industrial complexes and factories.
To discuss this in depth, we have YUN Jessica, an International Communications Officer at Solutions for Our Climate, joining us in the studio today.
Welcome to the program.
What exactly is South Korea's Green New Deal? Can you tell us more about its key elements?
When the Democratic Party of Korea unveiled its manifesto for a Green New Deal in March and then had a landslide victory in the April general election, there was a lot of international fanfare and excitement, including from the UN Secretary-General, about South Korea's Green New Deal. Why did this deal receive so much attention, and how does the newly announced deal compare to what was expected?
How does Korea's Green New Deal compare to "green growth" initiatives other administrations have tried in the past? Does this mark a significant change from previous policies?
South Korea is one of the world's most fossil fuel-reliant economies. There was even a recent decision by the Korea Electric Power Corp. to invest in a coal power project in Indonesia. Environmental groups have pointed out that South Korea's continued financing of coal power projects abroad would contradict the country's Green New Deal. President Moon has pledged to reach net-zero emissions. Could you help us understand this controversy?
In recent years, South Korea has been working on its renewable energy industry, from trying to become a leader in electric car manufacturing as well as its most recent efforts towards a hydrogen economy. What implications will the Green New Deal have for Korea's renewables industry?
It is the government's priority to stimulate the economy in recovering from the COVID-19 impact. How would the Green New Deal help in this regard?
While the deal sounds rather ideal it seems to have many loopholes
What changes or additions do you see needing to be made for the Green New Deal to be effective?
What can we expect from Korea's Green New Deal in the future?