NH Investment & Securities said on the 27th that it signed a memorandum of understanding (MOU) with the Global Green Growth Institute (GGGI) for the successful implementation of the Green Climate Fund program (FP240).
At the signing ceremony held at GGGI headquarters this morning, President Yun Byeong-un of NH Investment & Securities and Secretary-General Kim Sang-hyeop of GGGI attended, among others.
At the 39th board meeting of the Green Climate Fund on Jul. last year, the FP240 "Support program for overseas expansion of Climate Tech corporations" was approved, and it was prepared to improve access to climate response technologies in developing countries and to support local climate innovation ecosystems.
GGGI is an international organization established to promote sustainable economic growth and responses to climate change worldwide. It works with governments, corporations, and international organizations to develop policies and strategies for sustainable growth. In this project, it plans to identify local climate technology corporations in Southeast Asia (Laos, Cambodia, Vietnam, Indonesia, the Philippines) and carry out capacity building.
Starting with this agreement, NH Investment & Securities plans to broaden the scope of cooperation with GGGI and jointly deliver tangible results across various climate finance projects. In the FP240 project, it plans to operate a fund that identifies global climate technology corporations and supports the expansion of those corporations and technologies into Southeast Asia.
Yun said, "Through this agreement, we hope to build a sustainable financial ecosystem through close cooperation with GGGI and contribute to the global response to climate change."