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Climate Change

South Korea and ADB team up for climate change tech hub

Public-private platform in Seoul will support decarbonization in emerging markets

South Korean President Yoon Suk Yeol gave a speech at the opening ceremony of the ADB annual meeting in Incheon on Wednesday.   © Reuters

INCHEON, South Korea -- South Korea and the Asian Development Bank (ADB) will jointly establish a climate change technology hub in Seoul, aiming to provide technical support to developing countries in decarbonization and other climate-related initiatives.

Announcing the move, South Korean President Yoon Suk Yeol said on Wednesday: "Climate change measures to achieve carbon neutrality require strong solidarity and cooperation among countries." South Korea aims to become carbon neutral by 2050.

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