Page 119 - Ebook HTKH 2024

3.1. Green economy development trend in the USA
The US is the country which has been accessible with the goal of greening the
economy and leading the global green economy. The US government has already carried
out long-term deflation goals and a large number of policies to develop its green
economy through energy saving combined with renewable energy policies, reducing

environmental pollution. In general, these policies are important motivations for climate
actions. Its efforts to reduce the cost of renewable energy, advances in technological
development and corporate change have boosted America's green economy. The US
government has spent a lot of investments on projects to upgrade and modernize the
power grid, infrastructure for electric vehicles, renewable energy, energy conservation,
and efficient use of hydrogen energy, collecting CO2, increasing adaptation and
recovery to climate change. (US Green Economy, 2021). With its significant
achievements, the US’s green economy is promoting economic growth and creating jobs

for people. According to research by Georgeson & Maslin, America's green economy
generates annual sales about $1.3 trillion, employing more than 9.5 million full-time
workers.
3.2. Green economy development trend in Denmark
Regarding Denmark, this country also aims to become the “greenest country” in
the world. In order to carry out the green growth strategy until 2035, Denmark

concentrates on changing from fossil fuels to using green technology and green energy,
limiting greenhouse gas (GHG) emissions. Overall, current policies allow Denmark to
achieve its climate change goals in the short term well. Denmark is trying to better
exploit relationships and interact with EU and international policies to find appropriate
methods which can apply green technology and reduce CO2 emissions in the fields that
are not covered by the EU emission trading program (OECD, 2012).

3.3. Green economy development trend in Korea
It can not be denied that Korea contributes to many outstanding initiatives on green
growth such as issuing a comprehensive policy framework on green growth in both the
short and long term. Specifically, Korea builds up the green growth targets. The first

one is it carries out the environmental and resource management effectively with CO2
emissions, energy use efficiency and domestic raw material consumption; the second is
indicators of environmental quality of life including the percentage of the population
with wastewater treatment and access to safe drinking water, urban green spaces, and
the level of air pollution that people in urban areas have to suffer. The third is a group of
indicators on economic opportunities and policy impacts with the spending on research
and development related to green growth and the percentage of green ODA.

In 2008, the issue of “low carbon, national green growth strategy” was regarded
by the Korean government as a medium and long-term development vision from 2009
to 2050, and simultaneously set a voluntary goal of reducing about 30% of CO2
emissions from business activities with the basic scenario in 2020. Accordingly, in 2009,
Korea launched the national strategy on green growth for the period of 41 years

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