As Korea’s hosting the secretariat of the GCF was finally determined in December, 2012, at the 18th Climate Change Conference held in Doha, Qatar, the government is preparing follow-up action plans for meeting the international demands and implementing our promises as follows:

As part of support for launching the GCF as soon as possible, the government is planning to conclude Headquarter Agreement for legal corporate personality recognition, privilege & exemption and assistance and to enact a special law tentatively named 'Act on Green Climate Fund Support'. The main contents of this special law includes the ground and method of making financial contributions to the GCF, the ground of supporting the cultivation of developing countries' capabilities, the adjustment of work in respect to the GCF, etc. With regard to fund raising and business model for the GCF, the international community agreed to raise 100 billion dollars annually commencing with 2020 from a long term perspective, but the government is planning to suggest our opinions on the GCF business model and the organization of the executive office as well as disputed issues since there are different opinions concerning detailed fund raising methods and division between countries. With regard to 'Fund for Cultivating Developing Countries' Capabilities (40 million dollars), the government is consideration of using this fund as a lever for inducing developing countries to cooperate with the GCF through GCF pilot project excavation and modelling.

To maximize the effect of the GCF attraction on our society, the government is planning to improve domestic conditions for cultivating experts or specialists as well as consulting firms in the area of climate change policy and technology so that domestic companies and competent people can participate in GCF projects, and to turn the country into a green model country by fostering green practice efforts in the people.

With regard to future action plans, the government is planning to continue consultations with relevant international organizations including Global Environment Facility (GEF), United Nations Development Programme (UNDP), etc, to conclude Headquarter Agreement with the GCF, to enact a special law tentatively named 'Act on Green Climate Fund Support' (in the first half of the years 2013), to develop strategy for discussion on the GCF fund raising and business model, to promote research on how to use Fund for Cultivating Developing Countries' Capabilities (40 million dollars) (from January, 2013), and to make plan for cultivating experts or specialists and domestic companies in relation to climate change policy and technology (during the year of 2013).

 


Last modified : 2013-10-24 19:55

Survey of visitors' satisfaction
We would like to know how satisfied you are with our website in an attempt to provide more improved service. Please rate how satisfied you are with our website.
Confirm