South Korea pushes for bigger cuts in GHG emissions

The country also pledged $5m for a green fund to boost renewables in developing countries.

South Korea has pledged to raise its goal of reducing greenhouse gas emissions and announced plans to set up a green fund to help developing countries shift to renewable energy, president Moon Jae-in said.

The country said it will reveal its plans for higher GHG emission cuts during the  U.N. Climate Change Conference in November. 

President Moon made the pledges during his opening speech at the Partnering for Green Growth and the Global Goals 2030, or P4G, summit.

Additionally, South Korea will set up a $5m fund under the "Green New Deal" fund by 2025 within the Global Green Growth Institute (GGGI). South Korea will also donate $4m to help fund operations of the P4G.