SEO Riders:
- – South Korea exceeds climate finance pledges with bold contributions at COP29
- – COP29 chief lauds Seoul’s voluntary support for Green Climate & Loss & Damage Funds
- – Seoul’s carbon market reforms spotlighted as model for climate action in developing countries
In a recent interview, Mukhtar Babayev, President of COP29, commended South Korea for its outstanding climate commitments during the summit in Baku. Amid global tensions and skepticism over pledged funding, he highlighted Seoul’s voluntary contributions—$300 million to the Green Climate Fund and a further $7 million to the Loss & Damage Fund—as exceeding expectations and reflecting “real climate leadership.”
Babayev emphasized that this gesture went “beyond what it is obligated to do,” setting a strong example for developed nations to honor and elevate their financial commitments.
