Ministry of Science and ICT and GGGI Launch 21 Billion Won Climate Technology Fund... Full-Scale Overseas Demonstration Begins

Overseas Demonstration of Public Climate Technologies and Linkage with International Finance Over Seven Years
Expanding Government R&D Achievements into Global Projects

The Ministry of Science and ICT is joining forces with the Global Green Growth Institute (GGGI) to launch full-scale support for overseas demonstration and commercialization of public climate technologies secured through government research and development (R&D). The goal is to link these efforts with international climate finance and expand them into large-scale overseas projects.

On April 14, the Ministry of Science and ICT announced that it had signed the "Ministry of Science and ICT-GGGI Climate Technology Acceleration Fund (CTAF) Administrative Agreement" at the GGGI headquarters in Seoul.

Reference photo to assist with the article. Photo by Hyunmin Kim kimhyun81@

This agreement is a follow-up to the memorandum of understanding (MOU) signed in June last year to promote public climate technology for climate change response. It marks the first substantive project that concretizes the cooperation framework into an actual initiative.

The core of the agreement is the establishment of a contribution fund totaling 21 billion won over seven years from 2026 to 2032. In the first year, 2026, 1 billion won will be invested to initiate the project.

The main projects include: ▲ discovering and investing in public climate technologies, and developing climate resilience projects; ▲ securing international climate finance through overseas demonstration; and ▲ developing policy and regulatory frameworks to address climate change.

In particular, the plan is to support a structure where local demonstration in developing countries is linked to global climate finance, such as the Green Climate Fund (GCF), thereby expanding into large-scale climate change response projects. This will accelerate a "public technology export model" that goes beyond publishing government R&D results as papers and patents, connecting them to overseas infrastructure, energy, and disaster response projects.

Lee Eunyoung, Director of Research Performance and Innovation at the Ministry of Science and ICT, said, "Overseas demonstration is essential for the global expansion of outstanding public climate technologies created through government R&D," adding, "We will actively collaborate with GGGI across various fields to promote the dissemination of public climate technologies."

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