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Seoul-based green growth promoter GGGI to hold week-long global forum on Jeju

All News 18:26 July 21, 2016

SEOUL, July 21 (Yonhap) -- The Global Green Growth Institute (GGGI), the Seoul-based international organization promoting green growth, will hold a week-long gathering of experts and business leaders later this year on Jeju Island to discuss ways to achieve economic growth without causing environmental degradation.

The Global Green Growth Week, set to run from Sept. 5-9 on the southern resort island, will bring together hundreds of government officials, experts and businessmen around the world for a series of meetings designed to discuss how to transition away from fossil fuel-based economic growth in favor of renewable energy-driven growth, especially in developing economies.

Notable figures who have confirmed their participation so far include former President of Ireland Mary Robinson, former President of Indonesia Susilo Bambang Yudhoyono and Oyun Sanjaasuren, the president of the United Nations' Environment Assembly, according to the GGGI.

At the center of the gathering will be the Global Green Growth Summit scheduled for the fourth day, which will focus on how to mobilize finance for climate action and green growth, GGGI Director-General Yvo de Boer said in a press conference.

"We recognize that to achieve growth in developing and emerging economies that is sustainable, reduces poverty and create jobs in a way that is socially inclusive while doing little or no harm to the environment, we must mobilize finance," the director-general said.

"The Green Finance Summit aims to explore how we can unblock the barriers to capital flowing to where it's needed," he said.

Other key events will also include the Asia Regional Policy Dialogue and the 4th Green Growth Knowledge Platform Annual Conference, respectively intended to delve into green growth policy implementation and ways to bring benefit to the poor in the course of development, according to de Boer.

"I am confident that the Global Green Growth Week will serve as a platform to mainstream green growth throughout all segments of the world economy," Yudhoyono, the president of the GGGI's governing assembly, said at the same press conference.

The GGGI was officially launched as an international organization in October 2012 in the South Korean capital, with a total of 26 countries having signed into it so far, including Indonesia, the Philippines, Australia, Norway, Britain, Mexico and Ethiopia.

Currently, a process is underway to select a successor to de Boer, a former executive secretary of the U.N. Framework Convention on Climate Change, who has been serving a four-year term since April 2014, according to the global body.


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