Seoul – In response to the growing importance of international environmental regulations such as the EU's Carbon Border Adjustment Mechanism (CBAM) and the UN Framework Convention on Climate Change, South Korea's Ministry of Environment has announced the establishment of a new department-level organization.
The new "International Cooperation Bureau," consisting of two divisions and 19 staff members, will be created within the Ministry's Planning and Coordination Office. The bureau will be responsible for handling a range of international environmental issues, including:
Responding to international environmental regulations: The bureau will take the lead in addressing challenges posed by regulations like CBAM, which imposes costs on imports based on their carbon footprint. This move reflects concerns about potential trade barriers and the need to ensure fair competition for domestic industries.
Managing international environmental agreements: The bureau will oversee South Korea's participation in various international agreements, such as the UN Framework Convention on Climate Change and the Convention on Biological Diversity. 1 This includes coordinating efforts related to climate change mitigation, biodiversity conservation, and sustainable development. 1. www.forestplanning.jp
www.forestplanning.jp
Promoting green Official Development Assistance (ODA): The bureau will be responsible for expanding green ODA initiatives, which support environmentally friendly infrastructure development in developing countries. This is seen as crucial for achieving national greenhouse gas reduction targets and promoting global sustainability.
The establishment of the International Cooperation Bureau underscores South Korea's commitment to addressing global environmental challenges and actively participating in international efforts to protect the planet. The move is also expected to strengthen the country's ability to respond to evolving international trade dynamics and ensure its industries remain competitive in a changing global landscape.
The Ministry of Environment plans to implement the organizational changes by the end of this month.
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