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2019 | OriginalPaper | Chapter

27. Green Finance in the Republic of Korea

Barriers and Solutions

Authors : Deokkyo Oh, Sang-Hyup Kim

Published in: Handbook of Green Finance

Publisher: Springer Singapore

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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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Metadata
Title
Green Finance in the Republic of Korea
Authors
Deokkyo Oh
Sang-Hyup Kim
Copyright Year
2019
Publisher
Springer Singapore
DOI
https://doi.org/10.1007/978-981-13-0227-5_10

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