Green Growth and Solar PhotovoltaicTechnologies in Korea

Abstract

This study discusses the green growth policy, the solar photovoltaic technology policy and the performance of these policies in Korea. In 2009, the green growth strategy was suggested as a new future development paradigm. The legal and institutional basis was established for the implementation of green growth strategy. As a part of the green growth strategy, the improvement of energy technology was a priority, and solar photovoltaic technology has shown many achievements. R&D investment in the solar photovoltaic technology sector increased and the annual supply capacity was largely expanded. Due to the implementation of the green growth strategy, the GHG emissions is gradually declining in Korea, but there are still many challenges ahead to further reduce GHG emission. Therefore, Korea will continue to pursue the green growth policies, which will pave the path towards sustainable development.