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President Moon reaffirms stronger emissions target, emphasizes free trade and open economy at G7 Updated: 2021-06-14 09:55:16 KST

President Moon Jae-in on Sunday reaffirmed his willingness to achieve carbon neutrality in South Korea by 2050 at the last expanded plenary session he took part in at the G7 summit in the UK.
He reiterated he will announce a stronger NDC 2030 target at the UN climate change summit COP26, which will be held in Glasgow in November.
During the session, President Moon explained the Seoul Declaration reached through the recent P4G Seoul summit, in which participants showed a willingness to achieve carbon neutrality through an embracive green recovery, as well as the halt of public finance support for new overseas coal powerplants and the Korean green new deal.
He also emphasized the need to expand participation from the private sector.
Following President Moon's statement, the other leaders brought up ways to try and limit Earth's average temperature increase to 1.5 degrees Celsius, ways to expand clean and renewable energy, and how to fund it all.
Prior to the summit on climate response, President Moon took part in an expanded session on open economy.
He emphasized the need for global cooperation for free trade and open economy.
President Moon introduced South Korea's experience of fighting for democracy and creating an open society.
Other participating leaders agreed that promoting a free and fair trade and open economy is crucial.
President Moon also held bilateral talks with French President Emmanuel Macron and British Prime Minister Boris Johnson.
Macron said he hoped to strengthen cooperation with South Korea in key technologies, such as semiconductors and electric vehicles, as well as in the health and energy sectors.
President Moon said Seoul also hopes to enhance cooperation in those fields with France and the EU.
During the South Korea-UK summit, Moon and Johnson agreed on the need to enhance their security ties.
President Moon introduced the Biden administration's North Korea policy, saying he expects the regime to respond positively as South Korea and the U.S. have expressed a willingness to open lines of dialogue with the North.
Johnson also reaffirmed his support for peace on the Korean peninsula.
The Blue House added that the two leaders also evaluated COVID-19 countermeasures and vowed to advance their partnership in preparation for the post-COVID era.
Hong Yoo, Arirang News.
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