President Moon Declares Opening of P4G Seoul Green Future Summit

Emphasizing Leadership in Realizing the International Climate Response Vision... "Expanding Our Government's Climate and Green ODA Share by 2025"

[Asia Economy Reporter Ryu Jeong-min] President Moon Jae-in declared the official opening of the 2021 P4G Seoul Green Future Summit at 5 p.m. on the 30th.

The opening ceremony was planned under the theme "Act for the Earth Before It's Too Late," designed to showcase Korea's culture and excellent digital technology. It was broadcast live in real-time through various channels including domestic broadcasters and online platforms.

The ceremony began with animations and performances by future generations, followed by various performances such as videos and dances utilizing our advanced technology, and then proceeded with President Moon's opening address. In his speech, President Moon announced strengthened climate response commitments for an inclusive green recovery encompassing developing countries to overcome the unprecedented global climate and environmental crisis.

[Image source=Yonhap News]

President Moon promised to significantly expand the proportion of Korea's climate and green ODA by 2025.

He pledged to establish a Green New Deal Fund trust at the Global Green Growth Institute (GGGI), a green international organization based in Seoul, and to strengthen support for developing countries in formulating and implementing customized green growth policies through new contributions to P4G.

Additionally, he expressed commitment to the success of the 15th Conference of the Parties to the Convention on Biological Diversity (COP15) to be held this October by endorsing the Leaders' Pledge for Nature, expanding protected biodiversity areas, and joining the Global Ocean Alliance initiative. Furthermore, he expressed Korea's intention to host the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) in 2023.

[Image source=Yonhap News]

The Blue House explained, "President Moon reiterated Korea's willingness to further raise its national greenhouse gas reduction targets to achieve carbon neutrality by 2050, emphasizing concrete preparation plans such as improving domestic related systems and expanding related investments," adding, "He highlighted the importance of consolidating the will of many countries to ensure a sustainable future for the Earth and reaffirmed the suspension of official financial support for new overseas coal power plants."

Meanwhile, after the opening ceremony, a leaders' speech session will be held on KTV and Arirang TV, attended by 34 key leaders and high-level officials from various regions and 20 heads of international organizations. During the speech session, video messages from top leaders on the three themes of green recovery, carbon neutrality, and public-private cooperation will be screened.

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