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South Korea Ranks Second Worldwide in Public Financing for Fossil Fuel Projects, Report Finds

South Korea Ranks Second Worldwide in Public Financing for Fossil Fuel Projects, Report Finds

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 [...]

S. Korea to Cut Dependency on Fossil Fuel, Shift to Renewable Energy

S. Korea to Cut Dependency on Fossil Fuel, Shift to Renewable Energy

SEOUL, Apr. 19 (Korea Bizwire) — South Korea’s industry ministry said Friday it will significantly cut the country’s dependency on conventional energy sources, such as coal, and move toward environment-friendly resources for sustainable growth. During the public hearing for a draft of the country’s energy master plan, the Ministry of Trade, Industry, and Energy said [...]