Korea Republic of
Country indicators
Fossil fuel subsidies (USD, billions):
Fossil fuel subsidies with externalities (% of GDP):
News

P4G Seoul Summit unites world leaders for inclusive green recovery, serves as stepping stone for next climate COP
P4G Seoul Summit wrapped up on May 31, proclaiming global inclusive green growth in Seoul Declaration. The Summit called for global cooperation in climate change response;

Leaders Summit Showcases Clean Energy Commitments to Tackle Global Climate Crisis
In late April, US President Joe Biden convened 40 world leaders to “galvanize efforts” by the world’s major economies to tackle climate change, highlight economic

A Post-Pandemic Green Recovery for Asia
In an upcoming new report, The Asia Foundation and Vivid Economics identify opportunities and propose realistic measures for the governments of China, India, Japan, and
Reports

Taxing Energy Use 2015 (OECD)
This OECD report provides a systematic analysis of the structure and level of energy taxes in OECD and selected partner countries, which together cover 80%

OECD-IEA inventory of fossil fuels and other support
The OECD-IEA Inventory of Support Measures for Fossil Fuels provides updated fossil fuel support data for 34 OECD member countries and six partner countries, including
Policy Briefs

Leveraging fiscal stimulus to improve energy transition: Case of South Korea and Indonesia
Strict lockdowns across the globe in response to the COVID-19 crisis have led to severe economic consequences. Compared to 2019, the global GDP in 2020

Republic of Korea – Country Profile
Background The Republic of Korea (henceforth “Korea”) is located in East Asia, on the southern half of the Korean Peninsula. It has a temperate climate,