On November 30, 2016, GGGI took part in an event at the Plaza Hotel in Seoul titled the Green Round Table – Enhancing the Implementation of the Paris Agreement and Sustainable Development Goals (SDGs). Mr. Lase Ringius, GGGI’s Deputy Director of Green Investment Services, delivered the opening remarks on behalf of Director-General Dr. Frank Rijsberman. The opening remarks were as follows:
“Tae-ho Lee, Deputy Minister for Economic Affairs of the Ministry of Foreign Affairs, Excellencies, Distinguished Guests, Ladies and Gentlemen,
It is a privilege and honor for me to deliver opening remarks at the Green Round Table on Enhancing the Implementation of the Paris Agreement and Sustainable Development Goals (SDGs). I would also like to express my appreciation to Deputy Minister Tae-ho Lee and the Ministry of Foreign Affairs (MOFA), Republic of Korea for organizing this very timely and important Round Table, and I sincerely regret that I cannot be with you in person today.
First, I am happy to share with you that I had a positive meeting with Minister Yun Byung-se on November 21 to discuss how the Global Green Growth Institute and the Ministry of Foreign Affairs could work together to promote green growth and address global climate change. Minister Yun expressed his continued support for GGGI and suggested ways to strengthen cooperation between the two sides going forward. Minister Yun also added that with the support of GGGI, Korea would like to work more closely with other GGGI member countries to achieve green growth and move towards low-carbon and climate-resilient economies.
Indeed, GGGI seeks to contribute to the implementation of the Paris Agreement through supporting all its member governments to accelerate the implementation of their Nationally Determined Contributions or NDCs – as is the topic of today’s meeting. For me, as new Director General of GGGI, the highlight of COP22 in Marrakech was the joint China-Japan-Korea side event, where the Ministers of the Environment of the three countries pledged to collaborate on NDC implementation, with support of GGGI. We are looking forward to active engagement with the three countries to develop and implement joint initiatives that may include Green Big Bang projects such as an Asia Super Grid, or a regional carbon market.
More generally, GGGI is actively exploring the possibilities offered by Article 6 of the Paris Agreement that outline a number of mechanisms, formal and informal, for cooperation among countries. We are aware that the government of Korea has committed to reduce its own GHG emissions, but also to trade credits. Other GGGI members are likely to be interested in such trades with Korea and we look forward to establishing mechanisms to support this.
In addition, many GGGI member countries have expressed an interest for GGGI to support them to establish a measurement, reporting and verification, or MRV, system. Korea has ample experience in the establishment of such a system, which is expertise we are seeking to share with other countries. Korean research institutes and Korean private sector companies also have developed important expertise as well as a number of green technologies that other GGGI member countries would like to have access to. Enhancing and supporting the collaboration between and among member GGGI states to implement their commitments to the Paris Agreement, and to achieve their SDG targets, is indeed closely aligned with the mission of GGGI. We are committed to do all we can to support these goals.
I am confident that today’s Green Round Table will serve as a new beginning of collaboration between the Korean government agencies, stakeholders and international organizations, including GGGI – all engaging for a common goal: contributing to the implementation of the Paris Agreement and the SDGs and transforming economies to become inclusive, low carbon and climate resilient, that is, transforming towards green growth.