Pres. Park calls for new 'regime' to combat climate change

President Park Geun-Hye has called for the launch of a "new regime" to combat climate change, denying hesitation in resolving the key global issue.

In her keynote speech at the opening session of the U.N. Paris Climate Change Conference that kicked off yesterday (Monday), Park pledged that South Korea will actively take part in international efforts to cut green house gas emissions by growing new energy industries.

South Korea has offered to cut greenhouse gas emissions by 37 percent by 2030.

In a bid to meet South Korea's climate-related goals, Park said that her country will promote the energy prosumer market, as well as smart factories that harness information and communication technologies. She also said South Korea's southern resort island of Jeju will transition into a "carbon free island".

She added that these efforts will allow South Korea to generate a new market valued at 100 billion dollars, as well as 500,000 jobs by the year 2030.

At a separate session of "Mission Innovation" held later on Monday, Park also urged more countries to join the Mission Innovation, a 20-state organization dedicated to collaborating on clean energy research and development.

She called for financial and technological support for developing countries to ensure a successful takeoff of the proposed new regime to settle growing concerns over climate change.