Finance chief highlights green transition to reduce fossil fuel reliance at ADB meeting
Finance Minister Koo Yun-cheol emphasized the importance of a green transition to reduce reliance on fossil fuels at the Asian Development Bank's 59th annual meeting. Koo highlighted the potential of artificial intelligence to create growth opportunities for developing countries and announced expanded cooperation between South Korea and the ADB in the field of AI.
Finance Minister Koo Yun-cheol underscored the importance of a green transition during the Asian Development Bank's annual meeting in Samarkand, Uzbekistan. The ADB's 59th annual meeting was held on Monday and Tuesday, where participants discussed regional economic conditions and financial cooperation. Koo noted that a green transition helps mitigate energy price volatility and stressed the need for supply chain stability. He highlighted the potential of artificial intelligence to create growth opportunities for developing countries. South Korea and the ADB will expand cooperation in AI. Koo also held bilateral talks with Japanese counterpart Satsuki Katayama on responding to energy supply chain disruptions.
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