Korea Pledges $300 Million for Green Climate Fund

  • By Choi Kyung-woon

    September 11, 2023 13:21

    Korea will contribute US$300 million to the Green Climate Fund to address climate crises and related initiatives, President Yoon Suk-yeol announced at the G20 summit in New Delhi over the weekend.
    Yoon also pledged official development assistance of $300 million for Ukraine next year and an additional $2 billion from 2025 onwards.
    President Yoon Suk-yeol (left) shakes hands with Indian Prime Minister Narendra Modi at the G20 Summit in New Delhi, India on Sunday. /Yonhap
    "Korea will act as the 'green ladder' which supports countries that are vulnerable to climate change," Yoon said in a speech at the opening session.
    He also emphasized Korea's commitment to leading the transition to clean energy based on nuclear and hydrogen energy generation technologies. He stressed the need to decarbonize international shipping and pledged to actively participate in developing low-carbon and zero-carbon ships, as well as eco-friendly port infrastructure.
    President Yoon Suk-yeol (left) arrives at Seoul Air Base in Seongnam, Gyeonggi Province with his wife Kim Keon-hee on Monday. /Yonhap
    Yoon returned home on Monday morning.
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