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GGGI seeks to deliver value-for-money investment opportunities: new chief

All Headlines 12:42 October 04, 2016

SEOUL, Oct. 4 (Yonhap) -- The Global Green Growth Institute (GGGI) will deliver value-for-money investment opportunities as it seeks to demonstrate that environmental-friendly growth is feasible with rapid economic development, the new head of the intergovernmental body promoting green growth, said Tuesday.

"We must show we deliver value for money for our investors, deliver the impact per dollar invested," Frank Rijsberman, the institute's director-general said at a press conference marking his inauguration. "Our investors are looking forward to good investment opportunities and we see that GGGI to be high value for money investment opportunities."

Rijsberman took office this week for a four-year term, and takes over from former GGGI director-general Yvo de Boer.

The incoming Netherlands-born director-general was the chief executive officer of the Consultative Group for International Agricultural Research Consortium from 2012-2016. Before that post, he was a director for water, sanitation and hygiene for the Bill and Melinda Gates Foundation, run by Microsoft founder Bill Gates.

The GGGI was officially launched as an intergovernmental organization in October 2012 in the South Korean capital, with a total of 26 countries having signed into its programs so far.

The institution is currently running 34 programs in 24 countries with a mission to help developing and emerging countries begin the transition to a greener, low-carbon and sustainable future by providing trusted and objective advice.

Rijsberman highlighted that green growth does not come at the cost of rapid economic development.

In fact, "you can still have significant growth while reducing environmental impact ... I believe we would like to have a bolder proposition to show that we can increase economic growth with green jobs, investment in renewable energy while reducing poverty, increasing inclusion and reducing environmental impact," the official noted.

GGGI seeks to deliver value-for-money investment opportunities: new chief - 1

pbr@yna.co.kr
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