Rio de Janeiro: President Yoon Suk Yeol said Tuesday that South Korea will step up support for countries vulnerable to climate change through its carbon-free energy initiatives. Yoon made the pledge during the Sustainable Development and Energy Transition session of the Group of 20 (G20) summit held in Rio de Janeiro, Brazil. According to Yonhap News Agency, Yoon stated that the role of carbon-free initiatives is crucial in achieving carbon neutrality by 2050 and bridging the energy transition gap. South Korea has been working on establishing standards and implementing carbon-free initiatives, which Yoon introduced at the United Nations General Assembly in September 2023. Yoon also emphasized that South Korea will continue to expand official development assistance for nations most affected by climate change. As part of this effort, Yoon highlighted South Korea's additional US$300 million contribution to the Green Climate Fund, a commitment he made at last year's G20 summit. He also reaffirmed plans to provi de $7 million to the United Nations Loss and Damage Fund for Developing Countries.