On the sidelines of the current U.N. climate talks in Cancun, Mexico, the Danish government agreed Wednesday to participate in the activities of the GGGI, promising to invest $5 million every year in the coming three years.
Established in May, GGGI is a non-profit organization aimed at developing the Korean government’s green growth initiative and helping developing countries adopt their own green growth strategy.
Under the leadership of former Prime Minister Han Seung-soo, domestic and international experts such as Nicholas Stern, professor at the London School of Economics, and Thomas Heller, director of the Climate Policy Initiative, a think tank financed by George Soros, are working as key members of the institute.
Denmark plans to open a local branch of GGGI in Copenhagen and to participate in supporting the green growth efforts of developing countries mainly in the fields of energy and transportation.
“Korea and Denmark are standing together at the starting line for the spread of green growth initiative. That would have a positive effect in the green efforts of developing countries,” said Korea’s Environment Minister Lee Maa-nee, who was attending the Cancun conference.
According to GGGI, the institute has already provided Indonesia, Ethiopia and Brazil with green growth strategies, planning to gradually expand the recipient countries from next year.
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