First Power Company in Korea Recognized by CTCN
Korea Western Power has become the first power generation company in Korea recognized as a technical support organization by the Climate Technology Centre and Network (CTCN), a technology mechanism implementation organization under the United Nations Framework Convention on Climate Change (UNFCCC).
The CTCN is an international organization established in 2013 to promote technological cooperation and development and technology transfers between developed and developing countries. When developing countries request technical assistance for reduction of GHG emissions and adaptation to climate change, the CTCN designates a specialized institution for the task. Korea Western Power was recognized as one of such professional institutions capable of providing technical assistance.
The CTCN’s professional agency approval is based on project experience and expertise associated with developing and transferring climate technologies applicable to developing countries. Currently, the CTCN has member institutions in 90 countries and most of them are research institutes. However, Korea Western Power has been designated as a specialized organization as the CTCN appreciated its sustainable contributions, ability to carry out GHG emissions reduction projects in Korea and project development for developing countries.
In particular, the CTCN spoke highly of Korea Western Power’s development and implementation of an inclusive GHG emissions reduction project for vulnerable groups and the development of carbon capture and storage (CCS) technology explained in a seminar during the UN Climate Change Conference COP 25 held in Spain in December last year. In addition, Korea Western Power could score high by making big achievements in new and renewable energy projects to support developing countries such as Laos.