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A decade of rapid growth has positioned South Korea to take full advantage of the clean transition under President Moon Jae-in’s Green New Deal. But a hangover from previous administrations and an elusive emissions reduction target put its efficacy in doubt
South Korea has joined Europe and the US in presenting a clean energy plan, but its lack of a detailed emissions reduction target leave critics questioning the government’s real intentions
POLITICAL APPETITE South Korea’s rapid turnaround since the 2008 financial crisis has had elements of green growth but it has not been to the detriment of conventional generation
PUBLIC DOUBT Support in South Korea for the shift to a low-carbon economy is likely to hinge on the government’s ability to push the pace of change in a country used to high-speed economic growth
KEY QUOTE The government knows how much each policy will deliver in terms of emissions reductions and how much they will cost, but they have not released those details ...
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Political and physical barriers will make it difficult for US Democrats to turn proposals for a Green New Deal in to reality
The new European Commission President Ursula von der Leyen has promised a Green Deal for Europe. For it to be truly green, it will have to be fossil fuel free and this means cleaning up the European Investment Bank. The development bank this summer proposed phasing out support for oil and gas projects. Colin Roche from Friends of the Earth Europe urges the EIB board to back the plan when it meets in September
Prioritising renewables and abolishing fossil fuels should not be at the expense of people’s lives and networks
The European Green Deal, launched in December 2019, is an ambitious policy proposal that will try to agree a carbon emissions reduction target for Europe of up to 55% by 2030 compared to 1990. Two questions appear: is it possible and how much will it cost. But both could be misleading, says Julian Popov, Fellow at the European Climate Foundation and former Bulgarian Minister of the Environment
The Just Transition Fund presents an opportunity to get the EU on track towards climate neutrality, but only if it requires all countries to present phase out plans for high-emission technologies like coal burning, argues Rebekka Popp, researcher at the climate change think tank E3G
Enshrine stability and predictability in law to ramp up investment
