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Green Finance in the Republic of Korea

Barriers and Solutions

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Book cover Handbook of Green Finance

Part of the book series: Sustainable Development ((SD))

Abstract

The Republic of Korea launched its green finance scheme in 2009, introduced the environmental information disclosure system in 2013, followed by the emissions trading scheme in 2015. Green finance is expanding as the government is making efforts to change the energy mix by decreasing the share of nuclear energy and increasing that of new and renewable energy. Private sector entities such as commercial banks, private equity funds, etc. are also attempting to revitalize green finance in the country. Changing the energy mix needs considerable financial resources, so the government is seeking to collaborate with private firms. Public support regarding the adoption of eco-friendly and energy-efficiency practices through green financing, public or private, is necessary, together with industrial support from the government and financial institutions.

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Author information

Authors and Affiliations

  1. Korea Corporate Governance Service, Seoul, Korea

    Deokkyo Oh

  2. Korea Institute for Advanced Science and Technology, Seoul, Korea

    Sang-Hyup Kim

Authors
  1. Deokkyo Oh
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  2. Sang-Hyup Kim
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Corresponding author

Correspondence to Deokkyo Oh .

Editor information

Editors and Affiliations

  1. Columbia University , New York, NY, USA

    Jeffrey Sachs

  2. Department of Economics, University of Califorinia at Davis , Davis, CA, USA

    Wing Thye Woo

  3. Kasumigaseki Bldg, 8th Fl, Asian Development Bank Institute Kasumigaseki Bldg, 8th Fl, Tokyo, Japan

    Naoyuki Yoshino

  4. Department of Economics, Keio University, Tokyo, Tokyo, Japan

    Farhad Taghizadeh-Hesary

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© 2019 Asian Development Bank Institute

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Oh, D., Kim, SH. (2019). Green Finance in the Republic of Korea. In: Sachs, J., Woo , W., Yoshino, N., Taghizadeh-Hesary, F. (eds) Handbook of Green Finance. Sustainable Development . Springer, Singapore. https://doi.org/10.1007/978-981-10-8710-3_10-1

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  • DOI: https://doi.org/10.1007/978-981-10-8710-3_10-1

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  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-10-8710-3

  • Online ISBN: 978-981-10-8710-3

  • eBook Packages: Springer Reference HistoryReference Module Humanities and Social SciencesReference Module Humanities

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