Dongseo Power, Approved as a Specialized Institution in the UN Climate Technology Centre Network

Recognition as a Specialized Institution for Supporting Greenhouse Gas Reduction Technologies in Developing Countries

[Asia Economy Reporter Moon Chaeseok] Korea East-West Power announced on the 22nd that it has been recognized as a specialized institution supporting greenhouse gas reduction technologies for developing countries by the Climate Technology Centre and Network (CTCN) under the United Nations Framework Convention on Climate Change (UNFCCC).

CTCN is an international organization established in 2013 to facilitate technology cooperation related to greenhouse gas reduction and climate change adaptation between developed and developing countries.

When developing countries request technology support for greenhouse gas reduction from the center, CTCN designates specialized institutions to provide the relevant technology support.

There are 570 institutions from 91 countries worldwide registered as technology support specialized institutions. In South Korea, there are 72 specialized institutions including East-West Power.

Specialized institutions receive benefits such as priority bidding rights for greenhouse gas technology cooperation projects targeting developing countries, organized by CTCN.

East-West Power was approved as a CTCN technology support specialized institution after submitting an application in April and undergoing a two-month approval review.

The application included experience and capabilities in greenhouse gas reduction projects such as supporting domestic small and medium-sized enterprises (SMEs) in reducing greenhouse gases and the Clean Development Mechanism (CDM) project for distributing cookstoves in Ghana.

East-West Power supported the operation of high-efficiency air compressors for domestic SMEs. It also contributed to climate change response by distributing high-efficiency cookstoves to 500,000 households in Ghana.

An East-West Power official stated, "With the launch of the new climate regime, national efforts to reduce greenhouse gases and respond to climate change are becoming increasingly important. East-West Power will further contribute to climate change response based on the accumulated technology and experience from various greenhouse gas reduction projects."

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