CHANGWON, May 30 (Korea Bizwire) – An environmental activist who was fined for spray-painting “climate crisis” on tunnels chose to serve a brief jail sentence instead of paying the penalty, in a protest intended to raise awareness about global warming. Park Jong-kwon, a co-leader of the Gyeongnam Climate Crisis Emergency Action group, defaced tunnel entrances in [...]
SEOUL, May 21 (Korea Bizwire) – In the heart of Seoul, a rooftop garden has become an oasis for a thriving colony of bees, their gentle buzzing filling the air as they flit from flower to flower. But elsewhere in the city, and in urban centers around the globe, a worrying phenomenon is unfolding: honeybees are [...]
SEOUL, May 15 (Korea Bizwire) – A 12-year-old elementary school student will make her voice heard this week in one of South Korea’s most consequential legal battles over the government’s response to climate change. Han Je-ah, a sixth grader from Seoul, will address the Constitutional Court in person on May 21 during the final hearing for [...]
World heading for a 3-degree C warming trajectory, as political headwinds slow the energy transition WoodMac report looks at the implications of a delayed energy transition, amid political uncertainties, inflation and elections across the world LONDON, 02 May 2024 (Korea Bizwire) – A five-year delay to the energy transition could see the global average temperature rise [...]
Stephen Fry, Annie Lennox, Christiana Figueres, Forest Whitaker, David Miliband, Graça Machel, Helen Clark and Paul Polman among 100+ signatories of letter to G20 leaders LONDON, Apr. 14 (Korea Bizwire) — Eighty years on from the establishment of the International Monetary Fund and World Bank, a coalition of leading actors, politicians, artists and economists have [...]
SEOUL, Apr. 10 (Korea Bizwire) – As populations around the world continue to age, a new study by researchers at the Korea Advanced Institute of Science and Technology (KAIST) has revealed a complex interplay between this demographic shift and a community’s ability to adapt to climate change – a first-of-its-kind global analysis. The research team, led [...]
SEOUL, Apr. 5 (Korea Bizwire) – A report by the American climate organization Oil Change International (OCI) has revealed that South Korea’s public financing for fossil fuel projects is the second largest globally. Climate Solutions, a South Korean climate advocacy group, disclosed these findings, emphasizing the significant financial support extended by South Korea to the fossil [...]
SEOUL, Mar. 20 (Korea Bizwire) – POSCO Holdings, a major South Korean steelmaker listed on the KOSPI index, has seen a precipitous drop in foreign shareholdings over the past year, as global investors grow increasingly wary of the company’s climate impact and carbon footprint. According to data from the Korea Exchange, foreign ownership of POSCO Holdings [...]
SEOUL, Mar. 11 (Korea Bizwire) – In a revealing glimpse into the collective psyche of a nation increasingly alarmed by the environmental crisis at its doorstep, a recent comprehensive survey has highlighted the deep concerns harbored by South Koreans over the twin perils of climate change and the burgeoning issue of plastic waste. This widespread apprehension [...]
SEOUL, Mar. 7 (Korea Bizwire) — The Green Climate Fund (GCF), an international organization on fighting climate change, has approved US$490 million in funding for projects on low emissions and climate resilience in 23 developing nations, South Korea’s finance ministry said Thursday. During a three-day board meeting in Rwanda that began Monday, the board of [...]