P4G Seoul Summit Unites World Leaders for Inclusive Green Recovery, Serves as Stepping Stone for Next Climate COP

The 2021 P4G Seoul Summit wrapped up its two-day meeting recently with world leaders affirming their commitment to an inclusive green recovery and carbon neutrality.

June 10, 2021. By News Bureau

The 2021 P4G Seoul Summit wrapped up its two-day meeting, recently, with world leaders affirming their commitment to an inclusive green recovery and carbon neutrality. During the first multilateral climate summit hosted by the Republic of Korea, leaders from developed and developing countries discussed measures to respond to climate change and reaffirmed the expansion of support for green growth in developing countries and their commitment to the goal of the Paris Agreement (to achieve carbon neutrality by 2050).

Major countries such as the U.S., U.K. and Germany expressed their determination to reduce greenhouse gas emissions in their countries and the world, and support sustainable growth in developing countries. During the Leader's Dialogue on May 31, U.S. Special Presidential Envoy for Climate John Kerry noted that to get to net-zero emissions by 2050, three things need to be accomplished -- an end to carbon-intensive fossil fuel use, the dissemination of clean energy technologies, and major investments in such technologies. He said the U.S. will double its public climate financing to developing countries by 2024.

During the Leader's Session on May 30, British Prime Minister Boris Johnson said that no government can achieve a green industrial revolution alone and that international cooperation is imperative to create massive funds for climate response. He added that the U.K. will support the transition to a green economy through R&D investment and technology development. German Chancellor Angela Merkel said that Germany is making efforts to achieve carbon neutrality by 2045 and promised to faithfully fulfill its commitment to the international climate fund.

Leaders and top-level officials from Bangladesh, Vietnam and other countries said they will accelerate green growth and actively participate in global efforts for carbon neutrality. Prime Minister Sheikh Hasina of Bangladesh said the country adopted a 100-year sustainable development plan called Delta Plan 2100. She added that Bangladesh focuses on upholding the interests of countries vulnerable to climate change and promoting regional adaptation solutions. Vietnamese Prime Minister Phạm Minh Chính emphasized the need to strengthen capacity and improve conditions to respond to climate problems. He also expressed Vietnam's willingness to cooperate for an inclusive green recovery, calling for a more harmonious approach in which developed countries continue to take the lead in mitigating emissions and all stakeholders participate in such efforts.

Chinese Premier Li Keqiang commented that for sustainable green development, international cooperation is essential, especially support to resolve difficulties faced by developing nations. China will contribute to a low-carbon, green recovery through its pledge to go carbon neutral by 2060 and organizing the 15th Conference of the Parties (COP15) of the U.N. Conference of Biological Diversity, he added.

The Seoul Declaration, adopted as the result of the P4G Seoul Summit, manifested the solidarity and resolve of the participant countries. The Declaration pronounces their commitment to overcome the COVID-19 crisis through a green recovery, limit the increase of the Earth's temperature to 1.5 degrees Celsius, accelerate an energy transition away from fossil fuels, address marine plastics issues, and achieve Nationally Determined Contributions (NDCs) under the Paris Agreement.

The Declaration was endorsed by 38 participant countries, including Korea, the U.S., Japan and China, and by nine international organizations including the World Economic Forum (WEF), the International Renewable Energy Agency (IRENA), and the Global Green Growth Institute (GGGI). Angel Gurria, Secretary-General of the Organization for Economic Cooperation and Development (OECD), Fatih Birol, Executive Director of the International Energy Agency (IEA), and Bruno Oberle, Director-General of the International Union for Conservation of Nature (IUCN), also expressed their support for the Declaration in their private capacities.

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