‘Green growth’ gets to heart of matter

Lately, environmental leaders quietly agreed that “green growth” has become a stepchild of the Park Geun-hye administration after the president attended the launching ceremony of the Green Climate Fund (GCF) in Songdo, Incheon, on Dec. 4.

UN Secretary General Ban Ki-moon sent a congratulatory video message, and World Bank Group President Jim Yong Kim, IMF Managing Director Christine Lagarde and Executive Secretary of the UN Framework Convention on Climate Change Christiana Figueres attended, but Park’s attendance was uncertain until the last minute. She showed up, but announced that “responses to climate change,” rather than “green growth” will be a part of her ideas for a creative economy.

“Green growth” is a term coined by the Lee Myung-bak administration. It is a broader concept than “responses to climate change,” an environmentally friendly development model using a low-carbon policy as an economic growth engine. The idea was based on the naming of the Green Climate Fund – the world bank of the environmental field – and the Global Green Growth Institute (GGGI), which helps developing countries’ responses to climate change.

Read the full article here