A forum connecting the demand for green transition in Asia-Pacific countries with financial support from international organizations and technology from businesses will be held in Seoul.
The Ministry of Climate, Energy and Environment announced on September 14 that it will co-host the 21st Seoul Policy Initiative Policy Forum from September 15 to 17 at the Courtyard Marriott Seoul Botanic Park in Gangseo-gu.
The Seoul Policy Initiative is a regional cooperation framework adopted at the 5th Asia-Pacific Ministerial Conference on the Environment in 2005, proposed by South Korea. It has been promoting policy sharing and collaborative projects to support green growth in Asia-Pacific countries. This forum marks the beginning of a five-phase project running from this year until 2030, themed 'From Crisis to Action: Accelerating Green Transition in the Asia-Pacific Region.'
About 100 participants will attend the meeting, including over 30 officials from 16 countries such as Nepal, Fiji, Turkey, and Cambodia, representatives from nine international organizations, and over 40 representatives from green innovation companies. The first day will focus on reviewing the achievements, challenges, and future opportunities for green transition in the Asia-Pacific region. South Korea will share its green transition policies, along with case studies from Turkey and Cambodia, and a special session will discuss strategies for advancing the Seoul Policy Initiative and propose new collaborative projects.
On the second day, the Ministry of Climate and the Ministry of SMEs and Startups will jointly host a technology showcase and networking event for green innovation companies. Businesses will discuss the local applicability of technologies and commercialization strategies with government officials from various countries.
In the afternoon, discussions will address securing funding necessary for implementing collaborative projects. The United Nations University Institute for the Advanced Study of Sustainability will participate in discussions on executing regional collaborative projects, while the World Bank will focus on financial support for climate and carbon-related initiatives. The Global Green Growth Institute will engage in discussions on developing green investment projects and connecting with investors.
There will also be sub-discussions in three areas: institutions and governance, finance and resources, and data and implementation plans. The aim is to review policies, technologies, and funding to find actionable solutions tailored to each country's circumstances. This forum is expected to provide domestic green companies with opportunities to explore overseas business prospects by connecting the policy needs of member countries with corporate technologies and financial support from international organizations.
On the final day, participants will visit the Western Resource Recycling Center in Hwaseong and the Sihwa Tidal Power Plant in Ansan to observe South Korea's resource recycling and renewable energy facilities.
Kim Ji-young, the International Cooperation Officer at the Ministry of Climate, stated, 'Through this policy initiative, we will strengthen our role as a green bridge to connect the challenges that member countries need on the ground with the expertise and solutions of international organizations and businesses, leading to actual collaborative projects.'
* This article has been translated by AI.
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