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Carbon banking helps families reduce CO2 emissions in Gwangju

Chisako Fukuda's picture

Dr. Kwi-gon Kim, February 2014How can green growth policy be translated into local action? The average household has an important role to play, as was demonstrated in Gwangju, a city of 1.5 million people located 270 km south of Seoul. With an ambitious goal to become carbon-neutral by 2050, the city implemented a carbon banking system which encourages households to act green – resulting in 54% of participating households reducing consumption of electricity, gas and water in four years. Dr. Kwi-gon Kim, Professor Emeritus of Urban Environmental Planning at Seoul National University and Secretary General of Urban Environmental Accords Secretariat, who played a key role in launching the program in Gwangju, explains how and what others can learn from the city’s experience to realize green economic development.

Carbon banking doesn’t sound like something families can do. Why are you targeting households?