The Global Green Growth Institute is considering moving to the international business district of Songdo, Incheon, to take advantage of a synergy effect with the Green Climate Fund and various incentives from the city government, officials told The Korea Herald.
The Incheon city government has recently offered the Seoul-based GGGI benefits including a 10-year free lease of office space and operating cost subsidies.
“We’re looking into the option after receiving an offer of free office space for 10 years from the city,” a GGGI official said on condition of anonymity because the decision had not been finalized.
The GGGI was set up in 2010 by the Korean government to bridge rich and poor countries in sharing technological knowhow for and funding environmentally-friendly development. Last October, it became an international agency with support from 17 other founding member countries.
If the plan materializes, the organization will move into Songdo’s I-Tower, where the GCF’s secretariat will be established, facilitating their coordination in research and policy and project planning.
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