Deputy Minister Gi Jae: "Climate Change is a Global Threat... Economic Sustainability Must Be Enhanced Through the Green New Deal"

Kim Yong-beom, the 1st Vice Minister of the Ministry of Economy and Finance, is delivering opening remarks at the "13th Innovation Growth Strategy Review Meeting and Policy Review Meeting" held on the 5th at the Government Seoul Office in Jongno-gu, Seoul. Photo by Kang Jin-hyung aymsdream@

[Sejong=Asia Economy Reporter Kim Hyunjung] Kim Yongbeom, the 1st Vice Minister of the Ministry of Economy and Finance, mentioned the potential risks posed by climate change and emphasized the need to enhance economic sustainability through the Green New Deal.

On the morning of the 9th, Vice Minister Kim held a meeting with experts in the Green New Deal sector related to the Korean New Deal at the government Seoul office conference room, stating this. The meeting was organized to discuss representative innovative projects related to the Green New Deal under the government's 'Korean New Deal,' gather on-site opinions on regulatory reforms and institutional improvement tasks, as well as research and development (R&D) tasks for establishing a green foundation. Officials from related government ministries, agencies, and academia attended and participated.

Vice Minister Kim said, "Experts have pointed to climate change as the cause of the record-breaking wildfires in Australia from late last year to early this year, and some speculate that the outbreak of zoonotic diseases like COVID-19 is also an effect of climate change, such as ecosystem destruction and rising temperatures," adding, "We must lead the post-COVID era through the Green New Deal, which has already been announced as part of the Korean New Deal, and enhance the sustainability of our economy."

He also explained, "Our country needs to overcome the economic crisis caused by the ongoing COVID-19 pandemic and accelerate the transition from a follower nation to a leading nation in response to the economic and social structural changes triggered by COVID-19," further stating, "We must build a new economic ecosystem not only through bold fiscal investment to create jobs but also through institutional improvements."

Meanwhile, the proposals made by participants from various institutions and academia on this day will be shared within the project team for review, and measures to reflect them in policy will be prepared.

This content was produced with the assistance of AI translation services.