The Ministry of SMEs and Startups and the Ministry of Climate, Energy and Environment said on the 4th they held a launch ceremony for the "Climate Tech Innovation Alliance," a standing communication channel among the government, public institutions, and corporations to foster Climate Tech companies, at Dcamp in Mapo, Seoul.
At the launch ceremony, key Climate Tech innovation corporations, related public institutions, and investment industry officials attended. Participants discussed policy directions to foster the Climate Tech industry.
The event took the form of a talk concert where participants freely shared visions and ideas for the future of the Climate Tech industry and sought alternatives. The policy ideas discussed on the day will be refined through ad hoc meetings in five fields—clean tech, carbon tech, eco tech, Foodtech, and geo tech.
Clean tech refers to technologies for renewable and alternative energy production and decentralization, and carbon tech refers to carbon capture, storage, and reduction technologies. Eco tech encompasses resource circulation and environmentally friendly raw material and product technologies, Foodtech refers to technologies that reduce carbon in the food production and consumption process, and geo tech refers to carbon observation and monitoring and climate adaptation technologies.
The Ministry of SMEs and Startups (MSS) and the climate ministry will prepare concrete alternatives to issues raised in the field, including expanding financial support such as creating Climate Tech-only funds; securing startup and growth spaces for corporations such as establishing demonstration complexes (clusters) by major Climate Tech; and preemptive institutional maintenance and regulatory innovation for innovation. They also plan to establish "measures to foster the Climate Tech industry" reflecting proposals from the discussion, such as financial investment, technology support, and institutional improvements, and to communicate with the Climate Tech Innovation Alliance during the implementation of the measures.
Minister Han Seong-sook of the Ministry of SMEs and Startups (MSS) said, "Climate Tech startups are the key actors that simultaneously drive carbon neutrality and future industry competitiveness," adding, "We will work closely with the climate ministry to swiftly resolve on-site difficulties and upgrade full-cycle support systems from early-stage startup to overseas expansion so that Climate Tech can take root as a new growth engine for the Republic of Korea."
Minister Kim Seong-hwan of the climate ministry said, "The technology that leads a decarbonized green civilization is Climate Tech," adding, "We will lay the groundwork so that innovative ideas from Climate Tech corporations can be promptly demonstrated and spread to the field, and we will bolster administrative and financial support to ensure stable growth of related projects, thereby backing Climate Tech as a core force for the green transition."