Policy Update

South Korea doubles contribution to GCF

The ministry of economy and finance of South Korea has increased its contribution to the Green Climate Fund (GCF) from US$100 million to US$200 million for 2020-2023. This decision is based on president Moon, Jae-in’s statement to double South Korea’s contribution at the Climate Action Summit in September 2019.

South Korea will also host the second Partnering for Green Growth and Global Goals 2030 (P4G) Summit next year.

News article – Korea Herald