President Park Geun-hye has emphasized that we should consider action taken to face climate change as an opportunity. She was speaking at the U.N. Climate Summit 2014 which took place on September 23 at U.N. headquarters in New York.
"Next year, Korea will become the first Asian country to implement a nationwide Emissions Trading Scheme. We need to see climate action not as a burden, but as an opportunity,” said President Park. “Investing in the chance to unlock new energy industries and jobs can ignite fresh engines of future growth,” she said.
She urged that technology and market-based solutions should be at the center of our response to climate change, emphasizing efforts in the private sector. “Innovations can’t come from government alone. To encourage the private sector to lead, markets should reward carbon-cutting innovations,” said the president.
Park said that all countries need to be onboard, with participation from both industrialized and developing countries. “For developing countries, however, cutting carbon dioxide can be a burden. To help them invest in needed capabilities and build markets, the developed world should transfer technology and know-how.”
“The Korean government pledges up to 100 million dollars to the Green Climate Fund (GCF), including the 50 million we are currently paying,” said Park. She emphasized the need to form a GCF and asked for member countries’ participation in this project.
By Yoon Sojung
Korea.net Staff Writer
arete@korea.kr
President Park Geun-hye (left) speaks during the U.N. Climate Summit 2014 on September 23 at U.N. headquarters. (photos: Cheong Wa Dae)
"Next year, Korea will become the first Asian country to implement a nationwide Emissions Trading Scheme. We need to see climate action not as a burden, but as an opportunity,” said President Park. “Investing in the chance to unlock new energy industries and jobs can ignite fresh engines of future growth,” she said.
She urged that technology and market-based solutions should be at the center of our response to climate change, emphasizing efforts in the private sector. “Innovations can’t come from government alone. To encourage the private sector to lead, markets should reward carbon-cutting innovations,” said the president.
Park said that all countries need to be onboard, with participation from both industrialized and developing countries. “For developing countries, however, cutting carbon dioxide can be a burden. To help them invest in needed capabilities and build markets, the developed world should transfer technology and know-how.”
“The Korean government pledges up to 100 million dollars to the Green Climate Fund (GCF), including the 50 million we are currently paying,” said Park. She emphasized the need to form a GCF and asked for member countries’ participation in this project.
President Park Geun-hye (right) and Mexican President Enrique Peña Nieto co-chair the meeting of the U.N. Climate Summit 2014 on September 23 at U.N. headquarters. (photo: Yonhap News)
The U.N. Climate Summit 2014 took place on September 23 at U.N. headquarters. (photo: Yonhap News)
By Yoon Sojung
Korea.net Staff Writer
arete@korea.kr
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