Rio de Janeiro, Brazil – Co-hosted by the Republic of Korea, the Kingdom of Denmark, the Commonwealth of Australia and the Global Green Growth Institute (GGGI), the Ceremony for Signing of Agreement on the Establishment of GGGI was held on Wednesday, June 20 on the occasion of Rio+20, United Nations Conference on Sustainable Development in Rio de Janeiro, Brazil.
Sixteen* industrialized, emerging economies and developing countries joined the ceremony to sign the Establishment Agreement that will convert GGGI into an international organization.
* Australia, Cambodia, Costa Rica, Denmark, Ethiopia, Guyana, Kiribati, Korea, Norway, Papua New Guinea, Paraguay, the Philippines, Qatar, the UAE, the United Kingdom, and Vietnam
Six heads of government including Korean President Lee Myung-bak, Danish Prime Minister Helle Thorning-Schmidt, Australian Prime Minister Julia Gillard, Guyana President Donald Ramotar, Kiribati President Anote Tong and Ethiopian Prime Minister Meles Zenawi delivered welcoming and congratulatory remarks. Also, UN Secretary-General Ban Ki-moon, UAE Special Envoy and Dr. Sultan Ahmed Al Jaber, Assistant Minister of Foreign Affairs for Energy & Climate Change, CEO of Masdar and British Deputy Prime Minister Nick Clegg were present at the signing ceremony.
The purpose of the Signing Ceremony was to prepare the legal framework for GGGI’s conversion into an international organization. The signatories will become the founding members of GGGI when it launches as a new international organization on the occasion of the pre-COP Ministerial Meeting in October, this year.
Former Korean Prime Minister Han Seung-soo, who served as the Chair of the GGGI Board of Directors, said, “Today’s signing of the Agreement on the Establishment of GGGI as an international organization marks a new chapter in the institutional development of GGGI, more forcefully committing itself hereinafter to the global promotion of green growth paradigm. I am sure that this will help herald a new era of global sustainability as well as human welfare.” Former Danish Prime Minister Lars Løkke Rasmussen will take over as Board Chair from July.
GGGI Executive Director Richard Samans thanked the signatory governments for their leadership and said, “The treaty you have signed today creates a new kind of international organization for the 21st century: interdisciplinary; multistakeholder and driven by the practical priorities of emerging and developing countries which are seeking to engineer a new model of growth and development that achieves strong, broad-based progress in living standards with greater resource security and environmental sustainability.”
Headquartered in Seoul, Korea and founded in June 2010, GGGI is dedicated to pioneering a new model of environmentally sustainable economic growth, known as “green growth.” Its conversion into an international organization is expected to facilitate GGGI’s mission to develop and diffuse green growth as an economic model around the world.
GGGI is a new effort initiated by the Republic of Korea in 2010 to promote a paradigm shift in economic development – an approach which targets both economic performance and environmental sustainability – to address climate change and serve as a pathway to sustainable development. Since then, other like-minded countries have joined GGGI to advance the theory and practice of green growth.
Since its establishment, GGGI has maintained its founding vision of becoming a multi-stakeholder, hybrid international organization based on partnership between developed and developing countries as well as the public and private sectors. Accordingly, the Agreement ensures that the views of non-state actors including representatives from the private sector, foundations, and academia are reflected on GGGI’s decision-making process.
GGGI partners with developing countries and emerging economies, including least developed countries, to develop green growth strategies and plans that deliver poverty reduction, job creation and social inclusion in an environmentally sustainable way. The Institute currently works in ten countries, including Brazil, Cambodia, Ethiopia, Indonesia, Kazakhstan, Thailand and UAE, and is expected to expand its set of partner countries in coming years.