November 9, Seoul, Republic of Korea – On November 9, the Global Green Growth Institute (GGGI) and the Korea Rural Economic Institute (KREI) signed a Memorandum of Understanding (MOU) on green growth collaboration to support sustainable agricultural policies and the achievement of the UN Sustainable Development Goals (SDGs) in developing countries. The MoU was officially signed by the GGGI Director-General, Dr. Frank Rijsberman, and President of KREI, Mr. Kim Hong-Sang, at the Seoul Dragon City Hotel.
Through this MoU, the two entities will work together to develop large-scale research for the development of future projects and sustainable agricultural policies, while also providing mutual support and consultations on green growth knowledge sharing. Moreover, the two organizations will collaborate to develop projects on green public and private investment flows and to convert plans for green growth strategies and investment into action in the area of the sustainable landscapes.
This MoU is the next step of increased collaboration for the two organizations. In 2020, KREI and GGGI conducted a research study on Uganda and Rwanda to support the establishment of a development cooperation strategy in the agricultural sector. Now, the two will collaborate to further this research to aid with the design and development of joint projects and the activities in African countries through the Korean government.
GGGI and KREI are now working to identify and develop future projects for this collaboration, including projects in climate smart agriculture, green youth agribusiness development, green agri-business joint-ventures, bilateral food-security, and food safety.
KREI, a national policy research institute, has led the development of agriculture, rural areas, and the food industry as a think tank for agricultural policy. The Korea Rural Economic Institute (KREI) is a government-funded research organization. In 1978, KREI was established by the Korean government to play an important role in developing sound agricultural and forestry policies aimed at the balanced development of urban and rural areas. The purpose of KREI is to contribute to the nation’s economic development and the enhancement of public welfare by conducting comprehensive surveys and research on the agricultural and forest economy and rural community development.
GGGI was established as an international intergovernmental organization in 2012 at the Rio+20 United Nations Conference on Sustainable Development. Its vision is “a low-carbon, resilient world of strong, inclusive, and sustainable growth” and its mission “to support Members in the transformation of their economies into a green growth economic model”. GGGI does this through technical assistance to: reduce greenhouse gas emissions in line with the Paris Agreement; create green jobs; increase access to sustainable services (such as clean affordable energy, sustainable waste management); improve air quality; sustain natural capital for adequate supply of ecosystem services; and enhance adaptation to climate change.