GGGI and Ministry of Science and ICT Launch 21 Billion Won CTAF Fund..."Bridging the Climate Technology Gap"

by Kang Heejong

Published 14 Apr.2026 15:43(KST)

On the 14th, the Global Green Growth Institute (GGGI) and the Ministry of Science and ICT took a commemorative photo after signing an administrative agreement for the operation of the Climate Technology Advancement Fund (CTAF). GGGI

The Global Green Growth Institute (GGGI), led by Director-General Kim Sang-hyup, announced on April 14 that it had signed an administrative agreement with the Ministry of Science and ICT at its Seoul headquarters for the operation of the Climate Technology Accelerator Fund (CTAF).

This agreement aims to drive global green growth in the international community by locally demonstrating Korea's innovative climate technologies and to improve the efficiency of climate investment decisions. Both sides have agreed to focus not only on simple technology transfer, but also on project sustainability and linking to climate finance.

The main areas of cooperation include: ▲ development of investable projects, ▲ planning of large-scale international fund-linked projects such as the Green Climate Fund (GCF), and ▲ strengthening of climate tech policies, institutions, and global capabilities.

The CTAF, established this year, operates under the Center for Thought Leadership, which is directly overseen by the GGGI Director-General. The fund plans to focus on strengthening climate resilience in member and partner countries by providing tailored solutions based on each country's needs.

GGGI explained, "In particular, the fund will serve as a key implementation mechanism by identifying scalable technologies through a market-based approach and bridging the gap between high-level strategies and concrete climate action."

Going forward, both parties will strengthen cooperation not only in traditional climate technologies but also in future industrial sectors, such as artificial intelligence transformation (AX) technologies.

Lee Eunyoung, Director of Research Outcomes and Innovation at the Ministry of Science and ICT, stated, "This fund is an international organization fund designed to contribute to the global dissemination of outstanding public climate technologies and greenhouse gas reduction," adding, "We will actively support its development into a fund that makes a meaningful contribution to the international community."

Kim Sang-hyup, Director-General of GGGI, said, "We will actively support the localization of climate tech by leveraging GGGI's local demand database and global network of more than 40 overseas offices," and added, "We aim to attract more countries to participate and grow into a truly global fund specializing in climate tech demonstration."

The CTAF is a fund established by GGGI and the Ministry of Science and ICT in 2026 to support overseas demonstration projects and the localization of climate technologies by matching Korea's public climate technologies with overseas demand identified by GGGI, through government-private-international organization cooperation. Public climate technologies refer to those that have been developed through, or derived from, research and development (R&D) projects supported by the Korean government.

The Ministry of Science and ICT plans to contribute a total of 21 billion won over seven years, from this year through 2032, and select more than three projects each year to implement overseas demonstration projects.

GGGI is an intergovernmental international organization established in 2012 on the occasion of the UN Conference on Sustainable Development.

GGGI supports its member countries to transition to a 'green growth' model that achieves both economic growth and environmental sustainability, while also realizing poverty reduction and social inclusion. Currently, GGGI is running various projects in more than 57 countries worldwide, working with 55 member countries, 30 partner countries, and regional integration organizations.