President
Yoon Suk-yeol announced South Korea’s commitment to actively serving as a
"green ladder" for countries vulnerable to climate change during the
G20 Summit on the 19th (local time). Speaking at the third session of the
summit, which focused on sustainable development and energy transition,
President Yoon outlined South Korea's contributions to tackling the climate
crisis and advancing clean energy transitions.
Addressing
the challenges of achieving carbon neutrality by 2050, President Yoon noted
that while transitioning to clean energy is essential, the burden of doing so
disproportionately affects emerging economies and developing nations. To
support these efforts, he highlighted South Korea’s leadership in the
Carbon-Free Energy (CFE) Initiative, first proposed at the UN General Assembly
last year. He announced that South Korea will launch a global CFE task force in
collaboration with partner nations during the Clean Energy Ministerial meeting
in October. Additionally, the government plans to develop a carbon-free energy
certification system to further expand the initiative.
President
Yoon reiterated South Korea’s commitment to climate-vulnerable countries by
emphasizing its expanded role in Green Official Development Assistance (ODA).
He highlighted the ongoing implementation of an additional $300 million
contribution to the Green Climate Fund (GCF), fulfilling a pledge made at last
year’s G20 Summit in New Delhi. He also announced a new $7 million contribution
to the “Loss and Damage Response Fund,” a commitment made during this year’s
Korea-Africa Summit.
On
mobilizing private-sector resources for sustainable development, President Yoon
pledged to mitigate risks associated with renewable energy investments to
encourage private green financing. He emphasized accelerating clean energy
development through the introduction of market mechanisms, such as a clean
hydrogen power bidding system.
Recognizing
the broader environmental challenges, President Yoon stressed the importance of
reducing plastic pollution as part of sustainable development efforts. He
affirmed the South Korean government’s support for the successful conclusion of
the fifth intergovernmental negotiations on the International Plastics Treaty,
set to begin in Busan on November 25.
The
President also addressed the rising energy consumption linked to advanced
digital technologies, underlining the importance of achieving “digital carbon
neutrality.” He called on G20 members to actively participate in these efforts
to align digital innovation with climate goals.
Looking
ahead, President Yoon introduced the theme of the 2025 APEC Summit, “Creating a
Sustainable Tomorrow Together,” which will be hosted in Gyeongju. He reaffirmed
South Korea’s dedication to responsible leadership and its proactive role in
building a sustainable future.