Jill Kosch O’Donnell is a former Junior Associate of The Asia Foundation and is a writer in Washington, DC.
In an interview with the Korea Herald earlier this year, Hur Dong-Soo, CEO of Korea’s GS Caltex, called his company’s investments in heavy-oil upgrading facilities a “green growth business.” As the phrase “green growth” becomes ever more common—now used in reference to everything from solar panel exports to a stimulus-backed cure-all for ailing national economies—such claims beg the question, what does green growth really mean? Is it a strategy for cashing in on the growing global demand for clean energy products, like wind turbines and smart grid components? Is it the goal to derive more power from renewable sources? Or, is it investing in technology to meet the demand for cleaner-burning petroleum products, as GS Caltex is doing? Read more »