KOICA Collaborates with Four Environmental Public Institutions to Support Climate Change Response in Developing Countries

Joint Discovery of Climate Environment Development Cooperation Projects... Government's Green New Deal Policy Contributes to Global Overseas Expansion

[Asia Economy Reporter Lim Cheol-young] KOICA (Korea International Cooperation Agency) has decided to collaborate with public institutions in the environmental sector to promote the global Green New Deal and strengthen the climate change response capabilities of developing countries.

On the 21st, KOICA signed the "Green ODA Partnership for Promoting the Global Green New Deal" with the Korea Environmental Industry & Technology Institute, Korea Environment Corporation, Korea Environment Policy & Evaluation Institute, and Green Technology Center at The Plaza Hotel in Jung-gu, Seoul.

Signed during the UN Climate Week (21st?27th), this partnership aims to establish a system for overcoming the global climate crisis and to enhance the climate change response capacity of developing countries through practical cooperation among public institutions representing development cooperation and the environmental sector.

Under this partnership, the five institutions plan to jointly discover, plan, and implement development cooperation projects in the green and climate environment sectors in developing countries by utilizing each institution’s expertise. They will also cooperate in personnel exchanges and information sharing to ensure effective mutual collaboration.

This partnership was established in line with the timing of the Korean government’s Green New Deal strategy, which has been actively promoted since the first Korean New Deal Strategy Meeting held on the 3rd. Through the partnership among the five institutions, it is expected that discovering climate environment projects aligned with sustainable development in developing countries, policy consulting, and capacity building will not only promote the global Green New Deal but also contribute to externally spreading the effects of the Korean government’s Green New Deal policies.

Lee Mi-kyung, President of KOICA, stated, “Taking this partnership as an opportunity, we plan to efficiently and effectively combine the expertise of each institution to respond to global threats brought by the climate crisis, beyond abnormal weather and natural disasters.” She added, “Although the responsibility for climate change is small, the impact is greatest on developing countries classified as climate-vulnerable. We will actively support climate crisis response projects targeting these countries and the global expansion of the Green New Deal through Korean projects.”