scholarly journals A Comparative Study of Power Mixes for Green Growth: How South Korea and Japan See Nuclear Energy Differently

Energies ◽  
2021 ◽  
Vol 14 (18) ◽  
pp. 5681
Author(s):  
Eunjung Lim
Keyword(s):  
South Korea ◽  
New Deal ◽  
News Media ◽  
Nuclear Energy ◽  
Energy Transition ◽  
Green Energy ◽  
Primary Sources ◽  
Political Systems ◽  
Green Growth ◽  
Carbon Neutrality

South Korea and Japan are two large contributors to global greenhouse gas emissions. In October 2020, President Moon Jae-in and Prime Minister Suga Yoshihide declared that their countries would aim for carbon neutrality by 2050. The Moon administration presented the Korean version of the New Deal that includes its Green New Deal, whereas the Suga administration completed its strategy aiming for green growth. Both countries emphasize the importance of energy transition through the expansion of green energy in power generation. However, they show some significant differences in dealing with nuclear energy. The purpose of this article is to compare the two countries’ energy policies and analyze the rationales and political dynamics behind their different approaches to nuclear energy. The study reveals that the contrast between the two political systems has resulted in differences between their policies. This study depends on comparative methods that use primary sources, such as governmental documents and reports by local news media.

scholarly journals Green New Deal Policy of South Korea: Policy Innovation for a Sustainability Transition

2020 ◽  
Vol 12 (23) ◽  
pp. 10191
Author(s):  
Jae-Hyup Lee ◽  
Jisuk Woo
Keyword(s):  
South Korea ◽  
New Deal ◽  
Economic Transition ◽  
National Policy ◽  
Low Carbon ◽  
Green Growth ◽  
Transition Strategy ◽  
Sustainability Transition ◽  
The People ◽  
Decentralized Energy

This paper explores the recently announced “Green New Deal” policy of South Korea as a sustainability transition strategy. Originally proposed as a post-COVID-19 stimulus plan, the Green New Deal is a sustainability-centered strategy for building a low-carbon and climate-neutral economy. The Green New Deal sets out eight targets to be accomplished under three strategic areas: green urban development, low-carbon decentralized energy, and innovative green industry. The Deal also takes measures to protect the people and sectors at a higher risk of being left behind in the process of the economic transition. It is an upgraded version of the “Green Growth” national policy, with more emphasis on sustainability in addition to the growth aspect. This paper will examine the accomplishments and challenges during the Green Growth policy era and argue why the transition to the new Green New Deal is necessary for a sustainability transition.

Is it Too Late for Growth?

2019 ◽  
Vol 51 (2) ◽  
pp. 320-329 ◽  
Author(s):  
Juliet B. Schor ◽  
Andrew K. Jorgenson
Keyword(s):  
New Deal ◽  
Structural Changes ◽  
Energy Transition ◽  
Jel Classification ◽  
Energy Sources ◽  
Green Growth ◽  
Progressive Politics ◽  
The Core ◽  
Global North ◽  
Progressive Agenda

The planet is on a path to catastrophic warming which calls for structural changes in the operation of Global North economies, not merely a transformation of energy sources, the core of “green growth” approaches. Our research on inequality and working time shows that these are powerful drivers of carbon emissions that can be the center of a progressive agenda supplementing energy transition. Our work also shows that disproportionality in emissions sources presents a policy opportunity. We challenge Pollin’s view that only growth-centric approaches are politically viable, and argue that progressive politics has moved from growth-centricity to needs- and people-centered policies. In our response, we argue that the recent rise of the Green New Deal is a strong piece of evidence for our position. JEL Classification: Q5, Q54, Q56

scholarly journals From Economic to Extrinsic Values of Sustainable Energy: Prestige, Neo-Rentierism, and Geopolitics of the Energy Transition in the Arabian Peninsula

Energies ◽  
2020 ◽  
Vol 13 (21) ◽  
pp. 5545
Author(s):  
Mohammad Al-Saidi
Keyword(s):  
Nuclear Energy ◽  
Large Scale ◽  
Energy Transition ◽  
Environmental Risks ◽  
Centralized Control ◽  
Political Systems ◽  
Soft Or ◽  
Efficiency Measures ◽  
Nuclear Plants ◽  
Alternative Energies

Energy transition in the region of the Gulf Cooperation Countries (GCC) has recently commenced and is now being implemented through large-scale renewable projects, nuclear plants, and energy efficiency measures in the built environment. This paper highlights how alternative energies are associated with non-economic factors such as prestige, modernity, and (soft or symbolic) power. It analyzes the specific ways of delivering energy diversification in the Gulf through renewable megaprojects, the reorganization of the energy sector, and the incorporation of nuclear energy as an add-on source. These decisions serve GCC states in showcasing modernity, maintaining centralized control, posturing geopolitically, and extending the rent distribution mechanisms. On one hand, the energy transition in the Gulf has been domesticated through policies and strategies suiting the political systems in the region. This can have an acceleration effect on this transition. On the other hand, the implications of the adaptation of the energy transition to the reality of the Gulf remain open. The success of this transition will depend on the ability of GCC states to ecologically modernize the Gulf societies, reduce environmental risks, and enhance GCC-wide cooperation.

Alternatives of Global Energy: Transformational Trends and Risks

2021 ◽  
Vol 65 (10) ◽  
pp. 33-44
Author(s):  
I. Sechin
Keyword(s):  
Alternative Energy ◽  
World Economy ◽  
Oil And Gas ◽  
Energy Transition ◽  
Oil And Gas Industry ◽  
Green Energy ◽  
Low Carbon ◽  
Public Companies ◽  
Carbon Neutrality ◽  
Goods And Services

The article contributes to the literature in three main areas. First, new tendencies and challenges of development of world economy and energy caused by the crisis induced by the COVID‑19 pandemic are revealed, including: the regionalization of markets that creates additional basis for development of multipolar world; the aggravating instability of the alternative energy; the rising risks of disruption of long-term stability of oil supplies due to the underinvestment and risks of sharp oil and gas shortage; the tendency to the consolidation and enlargement of producers in oil and gas sectors, what is also increasingly possible in the Russian oil and gas industry. Second, perspectives of “green” energy to become a basis for development of world economy are analyzed. Obstacles to continuing development of “green” energy are stressed, including: the necessity of extraordinary large investments in development of economically feasible technologies; the expected acute deficit of materials for energy transition, including lithium, nickel, cobalt and other metals as well as low economic efficiency of low carbon solutions placing additional burden on consumers. The thesis of urgent importance of balanced energy development and inadmissibility of relying exclusively on alternative electricity generation is advanced. Third, shifts in strategies of global investors who presently pay the increasing attention to ecological programs, investing into carbon neutrality, green rebranding and shares buyback schemes at the expense of the fundamental financial and operational indicators. Combined with cases of court interventions in corporate decision making that exerts pressure on public companies who are forced to abandon oil and gas projects. The article argues that such an optimization doesn’t solve the task of global reduction of greenhouse gases emissions and achieving carbon neutrality. A tendency for issuing of new instruments and emergence of new models of investment behavior which distort the share prices is discovered. Meantime companies with state participation and private companies are less dependent on the volatile expectations in the stock market. The article also considers the issue of ecological purity of oil and concludes that introduction of transparent system of evaluation and certification of goods and services, recognized by the whole world community is expedient.

The Green New Deal

2019 ◽  
Author(s):  
Robert C. Hockett
Keyword(s):  
New Deal ◽  
Large Scale ◽  
Public Investment ◽  
Climate Science ◽  
Time Frame ◽  
White Paper ◽  
Good News ◽  
Carbon Neutrality ◽  
The One ◽  
In Virtue Of

This white paper lays out the guiding vision behind the Green New Deal Resolution proposed to the U.S. Congress by Representative Alexandria Ocasio-Cortez and Senator Bill Markey in February of 2019. It explains the senses in which the Green New Deal is 'green' on the one hand, and a new 'New Deal' on the other hand. It also 'makes the case' for a shamelessly ambitious, not a low-ball or slow-walked, Green New Deal agenda. At the core of the paper's argument lies the observation that only a true national mobilization on the scale of those associated with the original New Deal and the Second World War will be up to the task of comprehensively revitalizing the nation's economy, justly growing our middle class, and expeditiously achieving carbon-neutrality within the twelve-year time-frame that climate science tells us we have before reaching an environmental 'tipping point.' But this is actually good news, the paper argues. For, paradoxically, an ambitious Green New Deal also will be the most 'affordable' Green New Deal, in virtue of the enormous productivity, widespread prosperity, and attendant public revenue benefits that large-scale public investment will bring. In effect, the Green New Deal will amount to that very transformative stimulus which the nation has awaited since the crash of 2008 and its debt-deflationary sequel.

scholarly journals The Energy Transition in the Visegrad Group Countries

Energies ◽  
2021 ◽  
Vol 14 (8) ◽  
pp. 2212
Author(s):  
Ewelina Kochanek
Keyword(s):  
Renewable Energy Sources ◽  
Mining Industry ◽  
Energy Transition ◽  
Green Energy ◽  
Political Elite ◽  
Energy Transformation ◽  
Diagnostic Features ◽  
Difficult Situation ◽  
Starting Point ◽  
Visegrad Group

The aim of the research is to analyse the energy transition in the Visegrad Group countries, because they depend on the production of energy from the burning of fossil fuels, and transition is a huge challenge for them. The diversity of the energy transformation in the V4 countries was examined by using two qualitative methods, including literature analysis and comparative analysis. The timeframe of the study was set for the period from 2020 to 2030, as these years are crucial for the implementation of the European Green Deal Programme. Four diagnostic features were taken into account in the analysis: the share of RES in final energy consumption, reduction of CO2 emissions in the non-Emissions Trading System (ETS) sector, date of withdrawal of coal from the economy, and energy efficiency. The analysis shows that the V4 countries have different approaches and levels of energy transformation in their economies. Poland is in the most difficult situation, being the most dependent on the production of electricity from coal, as well as having the largest number of employees in the coal and around coal sector. The other countries of the group can base their transformation on nuclear energy, as each of them has at least four such power units. The increased use of biomass for energy and heat production is the most important stimulus for Renewable Energy Sources (RES) growth in the analysed countries. The ambivalent attitude of the political elite to unconventional sources in the four analysed countries significantly hinders the development of certain forms of green energy. However, it has been observed that an increasing proportion of the population, especially those living in regions of the country where there is no fossil fuel mining industry, has a positive attitude towards energy transformation. The study is the first that shows the state of involvement in the process of systemic change of the Visegrad Group countries. The results can serve as a starting point for understanding the reticence of this group of European countries towards the transformation phenomenon, as well as contributing to further research on the implementation of closed-circuit economies in the Visegrad Group countries.

Macroeconomic effect of energy transition to carbon neutrality: Evidence from China's coal capacity cut policy

Energy Policy ◽  
2021 ◽  
Vol 155 ◽  
pp. 112374
Author(s):  
Yanfang Zhang ◽  
Xunpeng Shi ◽  
Xiangyan Qian ◽  
Sai Chen ◽  
Rui Nie
Keyword(s):  
Energy Transition ◽  
Carbon Neutrality ◽  
Macroeconomic Effect
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