Seoul Korea, June 8 – The Global Green Growth Institute (GGGI) signed a Memorandum of Understanding (MoU) with the Korea International Cooperation Agency (KOICA) at the KOICA headquarters in Seongnam, Gyeonggi Province today to promote programs and joint studies, and research activities to accelerate green growth options for developing countries.
GGGI and KOICA will cooperate in several areas, including implementing a regional strategy and approach for inclusive green growth and climate smart development, increasing green investment flows and building the capacity to access the Green Climate Fund – all of which will help GGGI Member and partner countries commit to achieving their Nationally Determined Contributions (NDCs) under the Paris Climate Agreement.
Further, the two organizations will work together to strength national and local green growth planning, increase financing and develop institutional frameworks and maximize multi-directional knowledge sharing and learning opportunities.
The MoU was signed by Dr. Frank Rijsberman, Director-General of GGGI and Mikyung Lee, President of KOICA.
“I hope the MoU we sign today will facilitate a strong partnership between KOICA and GGGI. KOICA and GGGI both offer technical assistance for environmentally sustainable and socially inclusive economic growth to developing countries. Working closely with development partners such as KOICA and the Green Climate Fund enables GGGI to support our Member countries to reduce greenhouse gas emissions, create green jobs, and reduce poverty.” said Dr. Frank Rijsberman.
KOICA President LEE, Mikyung said that “I am confident that our strategic partnership with GGGI will generate synergies, especially when we develop new and innovative business plans and projects. I look forward to active interaction and cooperation with GGGI.”
Going forward, GGGI and KOICA will hold regular consultation sessions to review the planning, implementation and outcomes of the cooperation activities as well as identify opportunities and activities for enhancing collaboration.
About the Global Green Growth Institute (GGGI)
Based in Seoul, GGGI is an intergovernmental organization that supports developing country governments transition to a model of economic growth that is environmentally sustainable and socially inclusive. GGGI delivers programs in 27 partner countries with technical support, capacity building, policy planning & implementation, and by helping to build a pipeline of bankable green investment projects. More on GGGI’s events, projects and publications can be found on www.gggi.org. You can also follow GGGI on Twitter and join us on Facebook, YouTube and LinkedIn.
About the Korea International Cooperation Agency (KOICA)
KOICA was established as a governmental agency dedicated to providing grant aid programs of the Korean government in April 1991. KOICA endeavors to combat poverty and support sustainable socioeconomic growth of partner countries. By doing so, KOICA establishes and strengthens friendly ties with developing countries.