South Korea

Responses

Mitigation

Sectors

Energy Finance Industry Transport Urban Water

Instruments

Direct Investment

Provision of climate funds

Governance

Processes, plans and strategies

Information

Research & Development, knowledge generation

Keywords

EV Hydrogen infrastructure Covid 19

Korean New Deal

Executive

Strategy

Passed in 2020

This document is Korea's development strategy to support the country’s recovery from the pandemic crisis and lead the global action against structural changes with the international community. The strategy aims to accelerate the transition towards a low-carbon and eco-friendly economy.

The Green New Deal part of the document notably seeks to make the country's infrastructure greener, increase the use of renewable energy, increase the share of electric- and hydrogen-powered vehicles, and promote sustainable practices in the business and finance worlds.

Under this plan, KRW 73.4 trillion should be invested by 2025.

Documents

Climate targets in this law

1 target

Plan to have renewables account for 20% of the South Korea's generation capacity by 2030

Energy | Target year: 2030