The Republic of Korea Launches National Platform to Accelerate Partnerships for a Green Growth Future
SEOUL—July 25, 2018— The Ministry of Foreign Affairs of the Republic of Korea announced today their leadership in a crucial initiative at the forefront of green growth. The Ministry will host the Korean national platform for P4G -- Partnering for Green Growth and the Global Goals 2030 – a new initiative funded by the Danish government that identifies and incubates the most innovative public-private partnerships to drive sustainable economic growth worldwide.
As a P4G national platform, the Republic of Korea will continue to enhance their position as a leader of the green growth movement. The Ministry of Foreign Affairs in collaboration with business leaders, government and sustainability professionals from across the country will help identify and support partnerships in developing countries in Asia, Africa, and Latin America that offer innovative sustainability solutions. Formerly the architect of P4G’s predecessor, the Global Green Growth Forum (GGF), Korea recognizes P4G as a conclusive next step in uniting organizations, businesses and governments around the world in the pursuit of a sustainable future.
To qualify for P4G support, partnerships must include public, private and civil society partners, be focused on projects in one or more developing countries, and offer a commercially viable solution in one or more of the sustainable development goals (SDGs) in food and agriculture, water, energy, cities and circular economy. In 2018, P4G selected 24 partnerships to receive facilitation and/or funding support to advance their projects from nearly 450 applications from over 80 countries.
In addition to facilitation support, those partnerships selected as start-up finalists qualify for up to 100,000 USD in P4G funding while the scale-up finalists will compete for up to USD 1 million in funding.
P4G’s national platforms in partner countries bring together business, government and civil society organizations to collaborate on and help inform public-private partnerships that advance the SDGs. In addition to The Republic of Korea, other P4G partner countries include Chile, Colombia, Denmark, Kenya, Ethiopia, Mexico and Vietnam. P4G also works with organizational partners C40 Cities, Global Green Growth Institute, World Economic Forum and World Resources Institute which also hosts the Global Hub.
“To address the challenges we are facing now, renewed confidence and partnership are essential between the public and private sectors and civil society,” said Mr. Yoo Yeon Chul, Ambassador for Climate Change, Ministry of Foreign Affairs. “Korea’s P4G national platform will facilitate this partnership with government and non-government actors and strengthen the network among partner countries. Multi-stakeholder participation is critical in combating climate change and promoting green growth.”
“Korea is a green growth leader and an important partner in the P4G network,” remarked P4G Global Director Ian de Cruz. “We look forward to Korea’s continued leadership in promoting the value of public-private partnerships as a key driver of sustainable growth worldwide.”
Launched in 2017, P4G – Partnering for Green Growth and the Global Goals 2030 – is a new initiative with the ambition of becoming the world’s leading forum for developing concrete public-private partnerships at scale to deliver on the SDGs and the Paris Climate Agreement. Besides the partner countries, non-profit organizations such as the Global Green Growth Institute, C40 Cities, World Economic Forum, and the World Resources Institute (which hosts the P4G Global Hub) are also P4G partners.