Executive Summary

JoonYoung Kim, Senior Analyst, BD Team, November 24, 2009

The "green" phenomenon is spreading around the world

This study investigates issues about Green growth and policies about Green New
Deal of Lee Myung-bak administration.
Specifically, Main content of Green New Deal program is in below:

1. Government-led investment in energy efficiency.

2. The creation of thousands of green jobs to enable
low-carbon infrastructure reconstruction.
3. Developing financial incentives for green investment and
reduced energy usage.

"Green growth" policies became a priority for the administration of President Lee
Myung-bak in Korea. The korean government's Green New Deal consists of nine
core and 27 related projects. The government plans to build an energy-efficient
economic structure, such as energy-saving and resource-recycling projects. There
are also plans to build 2 million solar-powered homes by the end of 2018.

By analysing renewable energy policies, To develop new technology about

renewable energy the Korean government will raise 111.5 trillion won through
2030. The government will spend 39.2 trillion won, and the rest of the money
will come from the private sector.

Also, Last year Korea's distribution of renewable energy only accounted for 2.6
percent of its overall energy supply. The government is hoping to increase the
distribution rate to 11 percent in 2030 as part of its Green New Deal.

Based on Green New Deal policies, I recommend this new business project.

- Investment renewable energy, Specifically solar power.

- Developing new technology about Smart Grid.
- Finding a Green Ocean business and Expanding eco-friendlier business.

Key words: Green growth policy, Green New Deal, carbon dioxide-emitting,

Green energy, Smart Grid, Climate changes and Environment