Varieties of Green Stimulus Policies: Comparative Analysis of the Green Growth and Green New Deal Policies in South Korea

Abstract

Globally, several governments have adopted various forms of green stimulus policies (GSP) to manage environmental challenges and revitalize their national economies during crises. However, research on the varieties of GSPs within a country and the possible drivers of this diversity remain scarce. This study qualitatively compares the green growth and green new deal policies adopted under two different administrations in South Korea. Although both GSPs share similar components, they vary in their focus on nuclear energy and international cooperation. This study postulates that these differences are associated with the degree to which each administration saw GSP through the lens of a developmental state. Besides providing a comparative tool for examining GSPs and their elements, this research contributes to GSP research in a non-Western developed-country setting by highlighting how domestic factors shape the nature and composition of GSPs.