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South Korea Earmarked as Future Centre for Climate Innovation

Following a series of high-level roundtables, seminars and bilateral meetings across Seoul, the Asia Investor Group on Climate Change (AIGCC) said South Korea shows promise as a centre for climate innovation and industry. The AIGCC has launched a new focus on South Korea this month, following growing momentum from the country’s business community, its investors’ increasingly making net zero commitments, and the government’s intention to publish new green finance guidelines next year. AIGCC CEO Rebecca Mikula-Wright said: “Investors have been encouraged this month by the Korean Chamber of Commerce and Industry’s strong calls for accelerated decarbonisation, and what we’ve heard in our meetings with the Minister of Land Industry and Transport, Hee-ryong Won. As one of the largest economies in Asia, Korea is currently also one of the largest greenhouse emitters, but the battery and EV industries are charging ahead at amazing speed and creating value in the transition at global scale. The next round of policy updates could unlock billions of dollars to accelerate Korea’s journey to net zero.”


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