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S. Korea Calls for Cooperation with Global Companies on Climate Goals

South Korea's Trade Minister Yeo Han-koo proposed Friday that South Korean and global companies join hands to address climate challenges as he met with leaders of major businesses, Yonhap cited his office as saying.

Yeo made the call at a meeting of the Alliance of CEO Climate Leaders, a platform under the World Economic Forum, in Glasgow, Scotland.

The meeting brought together dozens of top officials of multinational firms and government officials who sought ways to help accelerate the transition to a net-zero economy.

The meeting came after world leaders held a U.N. climate summit in Glasgow amid growing calls to reduce greenhouse gas emissions, which scientists say are to blame for global warming.

"Yeo called for forming coalitions and cooperation between South Korean and global firms to help developing nations' work on green growth and carbon emission reduction," the Ministry of Trade, Industry and Energy said.

"He also said that policymakers need to encourage firms to better engage in measures for environment protection so as to prevent such new measures from restricting trade," it added.

The minister also introduced South Korea's commitment to cutting greenhouse gas emissions by 40 percent from 2018 levels by 2030 as part of its broader aim to go carbon neutral by 2050.

Source: Saudi Press Agency