Turkmenistan joins the Agreement on the Establishment of the Global Institute of Green Growth.

On October 30, a meeting of the Mejlis of the Milli Gengesh of Turkmenistan of the sixth convocation approved the draft of Law of Turkmenistan “On joining the Agreement on the Establishment of the Global Institute of Green Growth”, adopted on June 20, 2012 in Rio de Janeiro. The Agreement defined the key role of the Global Green Growth Institute (GGGI) dedicated to supporting and promoting the sustainable development of the developing countries by supporting and promoting of the new economic paradigm, where the green growth is considered as the balanced economic growth and environmental sustainability.

The Global Institute of Green Growth is an international inter-governmental organization headquartered in Seoul. The President of the Assembly and Chairman of the GGGI Council is Ban Ki-moon, the former UN Secretary General. Currently, GGGI is implementing 54 projects in more than 30 countries around the world. They aim to stimulate inclusive and sustainable economic growth in developing and emerging market economies through the development of green economies in the face of climate change.

GGGI cooperates with the Korean International Cooperation Agency (KOICA), the Green Climate Fund, established within the United Nations Framework Convention on Climate Change to assist developing countries in adaptation and mitigation practices to counter climate change, and other sponsors for mobilization of financial resources, required for implementation of joint projects.