Seoul, Republic of Korea, 10 Feb, 2026 – Following the completion of Luxembourg’s accession as a Member of the GGGI in 2025, Executive Director Sang-Hyup Kim welcomed H.E Jacques Flies, Ambassador of the Grand-Duchy of Luxembourg in the Republic of Korea in GGGI’s Seoul premises, to receive the original copy of Luxembourg’s instrument of accession, ratified by His Royal Highness the Grand Duke Guillaume.

Executive Director Sang-Hyup Kim welcomed Ambassador Flies, mentioning that, “Today again, we are proud to welcome Luxembourg as a Member after eight years of an impactful and growing collaboration with GGGI. We look forward to accelerating our support to Luxembourg’s international climate finance commitments, at the benefit of the climate transition of GGGI developing and emerging Member States.”

Luxembourg’s membership of GGGI highlights the vital role the financial sector plays for implementing climate adaptation and mitigation measures, ensuring sustainable development and economic resilience. Initiated by the Ministry of Environment, Climate and Biodiversity (MECB) in 2018, as part of Luxembourg’s International Climate Finance Strategy (ICF), the first project in this cooperation aimed to improve climate resilience in rural Vanuatu by implementing solar-powered water pumps, training, and developing a national-level climate funding mechanism. Following the initiation of projects in Senegal, Vietnam and Rwanda, in 2023, Luxembourg and GGGI have extended support to Small Island Developing States (SIDS), that are among the most vulnerable to the impacts of climate change. Through the SIDS Climate Action Program (SIDS-CAP), GGGI and Luxembourg are now advancing impactful climate adaptation and mitigation efforts in countries across the Pacific and the Caribbean. In 2023 the Global Trust Fund on Sustainable Finance Instruments (GTF) was launched. Alongside with the Luxembourg Stock Exchange, the GTF is leveraging capital markets and building country-level capacity for sustainable finance. This has resulted in the successful mobilization of USD 2.1 billion in climate finance in its first two years, supporting projects in 18 countries around the world.

“As a global leader in climate and sustainable finance, Luxembourg is proud to join the GGGI to further advance green, sustainable and inclusive economic growth. The GGGI has been a strategic partner of Luxembourg for many years and this impactful cooperation is exemplified, among others, by the launch of the Global Trust Fund on Sustainable Finance Instruments in 2023, to leverage capital markets and build country-level capacity for sustainable finance,” added Ambassador Jacques Flies.

With the finalization of Membership, GGGI looks forward to continued and reinforced cooperation in support of low-carbon and climate-resilient development with the strategic support of the Government of the Grand Duchy of Luxembourg.

Note to Editors

Membership to GGGI is open to any Member State of the United Nations or regional integration organization that subscribes to the objectives of the Institute. These objectives include promoting sustainable development in developing and emerging economies, including the least developed countries. This is achieved by advancing and scaling a new paradigm of economic development: green growth. Green growth is the balanced pursuit of economic growth and environmental sustainability. It also involves targeting key aspects of economic performance and resilience, poverty reduction, job creation, social inclusion, and environmental sustainability. In addition, it focuses on creating and improving the economic, environmental, and social conditions of countries through partnerships between developed and developing countries, as well as the public and private sectors.

About the Global Green Growth Institute (GGGI)

The Global Green Growth Institute (GGGI) was founded as a treaty-based international, inter-governmental organization in 2012 at the United Nations Conference on Sustainable Development. GGGI supports its Member States in transitioning their economies toward a green growth model that simultaneously achieves poverty reduction, social inclusion, environmental sustainability, and economic growth. With 55 Member States and 30 Partner countries and regional integration organizations in the process of accession, GGGI delivers programs and projects in over 57 countries. These initiatives encompass developing innovative green growth solutions, technical support, capacity building, policy planning & implementation, and assistance in building a pipeline of bankable green investment projects, project financing, investments, and knowledge sharing. GGGI’s work contributes to its Member States’ efforts to fulfill the Sustainable Development Goals and the Nationally Determined Contributions to the Paris Agreement.

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