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The Global Energy Prize annually honors outstanding achievements in energy research and technology from around the world that are helping address the world’s various and pressing energy challenges.

Expert: balance between government and business sectors is a key to achieve UN SDGs

The main role in regulating processes to achieve SDGs belongs to the government. At the same time, it is important to take into consideration how the business sector influence on the standards of social responsibility. This thesis presented Rae Kwon Chung, the Global Energy Prize International Award Committee Chairman, Member of the Intergovernmental Panel on Climate Change (IPCC), awarded with the Nobel Peace Prize in 2007, at the session ‘Best practices to achieve the Sustainable Development Goals’, which was held today at the Gaidar Forum in Moscow.

The uneven social and economic development of countries rises a question of the feasibility of achieving the sustainable development goals in the period determined by the UN until 2030. According to Rae Kwon Chung, SDGs are the long term goals to invest in global environment and people. However, modern economy is dominated by market forces trying to maximize short term profit by exploiting natural and human resources. ‘In achieving SDGs, it is critical to close the time gap between the long term goals and the short term interest of market and the economy. This is possible only with the help of active public policy measures that support long-term investments in the planet and population, while maintaining the possibility of economic growth. Therefore, countries where the role of state influence on internal processes is traditionally strong shows the best practice of achieving the UN SDGs,’ said the expert.

During his speech professor Chung has pointed out that he is an active supporter of the low-carbon ‘green growth’ concept as a new paradigm, which implies the achievement of economic development of countries and the creation of new jobs while combating global climate crisis. He proposed the idea of unilateral CDM (Clean Development Mechanism) to enable developing countries to initiate green-house gas mitigation projects on their own initiative. For his contribution to the report of IPCC on technology transfer as lead author, he received a personal copy of Nobel Peace Prize awarded to IPCC in 2007. He holds the position of Advisor to the Chair of High-Level Expert and Leaders Panel (HELP) on Water and Disasters under the UN Secretary-General. Previously he served as Climate Change Ambassador of the Republic of Korea, Principal Advisor on Climate Change to the Secretary-General of the UN and as Director for Environment and Development of the UN ESCAP (Economic and Social Commission for Asia and the Pacific). 

The Gaidar Forum is the largest international expert conference held since 2010 and bringing together leading world academics and politicians, representatives of global financial and business elites. This year more then 80 events are being held at forum, including plenary sessions expert round tables, panel discussions and debates.

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