Green growth think tank to go international

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Green growth think tank to go international

President Lee Myung-bak said yesterday a Seoul-based think tank on developing strategies for green growth will officially launch as an international organization during a UN climate change meeting later this year.

Korea established the Global Green Growth Institute in 2010 under Lee’s trademark campaign to seek economic growth by boosting environmentally friendly technologies and industries. The institute’s first overseas office opened in the Danish capital of Copenhagen last year.

During an opening speech at the second Green Growth Summit in Seoul, Lee said the institute will formally launch as an international organization during October’s ministerial meeting in Seoul aimed at laying the groundwork for the UN Climate Change Conference, also known as COP 18, set for December in Qatar.

“The climate change ministerial meeting [pre-COP] to be held in Korea in October will officially endorse and launch the institute as an international organization,” Lee said during the speech.

“Green growth is now transcending borders and becoming a global asset .?.?. I promise you that the Global Green Growth Institute will be our open platform that leads toward creative collaboration of the international community.”

Lee said Korea launched the Green Technology Center Korea in Seoul’s Hongneung area last month in an attempt to turn the area known for top-notch science and technology research centers into a Global Green Growth Park.

Lee also said Korea will increase the proportion of environmentally friendly “green projects” to 30 percent of its total official development assistance (ODA) by 2020. The proportion of green ODA projects rose to 14.1 percent of the total ODA projects in 2007 to 2010.

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