Press Release

Hungary concludes accession process to become 25th Member of GGGI

resizedSeoul – January 14, 2016 – The Global Green Growth Institute welcomed today the Hungarian Ambassador to the Republic of Korea, to deposit the instrument of accession that officially makes Hungary the twenty-fifth member of GGGI.

“GGGI has demonstrated proficiency and effectiveness, which has been a strong incentive for our country’s decision to accede to it,” said Mr. Gábor Csaba, Ambassador of Hungary to the Republic of Korea. “The Institute’s contribution to tackling global issues is known and highly regarded in Hungary.”

Hungary and GGGI formally signed GGGI’s Establishment Agreement in December 2015, in the margins of the 21st Conference of the Parties (COP21) in Paris, France. By depositing the instruments of accession Hungary is now an official GGGI member.

GGGI Director-General, Yvo de Boer, celebrated the importance of partnership with Hungary in working to build a resilient, inclusive, sustainable world:

It is a great honor for me to be here with you, Excellency, on this occasion of the depositing the accession instrument by Hungary to officially join as the 25th Member of THE GLOBAL GREEN GROWTH INSTITUTE.

We are here to witness the conclusion of this agreement between Hungary and GGGI, and Hungary’s accession to GGGI’s Establishment Agreement that will lay the foundation of our cooperation, one that will bring us closer towards a bedrock vision of a resilient world where we envisage growth to be strong, inclusive and sustainable. 

While this is a vision shared by many other of our development partners, but perhaps what differentiates us lies in the nimbleness and impartiality with which we deliver: at the heart of our operational model is our Green Growth Planning and Implementation division – where our country teams are embedded in government providing trusted and objective advice is supported by Knowledge Solutions Division that reinforces our country programs with cutting edge and relevant knowledge products and investment services, while leveraging global partnerships and networks to amplify results and best practices.

I view our partnership as another step forward in advancing our goals. COP 21 is yet again is an acute reflection of the uphill road that lies ahead of us in the global unity towards effective implementation of a global climate agreement.

GGGI will continue to assist developing countries and emerging economies by delving into the financing requirements in implementing their Intended Nationally Determined Contributions. It is evident that bridging the financing gap remains the most debated issue and critical barrier for realizing concrete low-emission, climate resilient development. To this end, we will help countries design and implement national financing vehicles that will leverage public resources, access international funding sources, and improve national ownership and capacity to deliver on their green growth ambitions.

I would like to express my sincere gratitude to everyone whose dedication and efforts have contributed to the membership process.

I have relied on their counsel, determination, and fortitude to make the Membership possible, and our collaboration a reality. I believe this to be an important start, one that will require a lot of hard work and perseverance to bring us closer to an inclusive world of better, greener growth.

Köszönöm, Thank you.