Green growth, or environmentally sustainable economic growth, is imperative in light of current environmental crises and resource depletion. Green indicators and statistics can measure environmentally sustainable development; they thus enable evaluating green growth and support its integration into policy. As such, this study uses an OECD framework to select a set of 12 indicators, designed for cross-country comparisons of green growth strategies. These indicators are assessed for 30 countries, including South Korea. Current data for each international indicator is compared to the 10th percentile of OECD countries and evaluated on a scale of 1-10. South Korea ranked 17th among the 30: its natural capital and quality of life indexes are relatively high, but its economic activity scores (production, consumption, and trade) are relatively low. These findings suggest that production and consumption processes must be made more environmentally and economically sustainable. Given that South Korea's green growth strategy currently emphasizes economic value, the country is moving in the right direction and our analysis projects that economic activity scores will rise in the future.
This report describes the progress achieved in relation to sustainable development since 1992 and the gaps still remaining. It draws attention to a pressing environmental, social, economic and institutional situation. Above all, however, it highlights the vast potential for advancing economic management towards a more comprehensive model in keeping with the notion of inclusive and sustainable development.
Renewable energy together with energy efficiency, sustainable transport, sustainable agriculture, sustainable tourism, green building and waste management are economic sectors which are often considered capable of paving the way for a transition to a green economy and providing win-win solutions offering job creation, poverty alleviation and environmental protection. However, there are a number of obstacles and challenges that might inhibit these sectors in their contribution towards greening the economy. These include limited knowledge and awareness relevant to green economy and green jobs, gaps in policy and regulations, limited financial incentives to support green initiatives, and related awareness and skill shortages.
This study assesses progress in the Arab region towards the green economy. It reviews the adoption and implementation of policies to support the transition and examines the achievements of different sectors. The study identifies challenges and highlights potential opportunities for countries to green their economies. Given their vital economic role, the study focuses on the transition of small and medium enterprises (SMEs) to greener processes, products and services.