SEOUL (Bloomberg): South Korea, which has invested billions of dollars in overseas coal plants, is debating whether to halt financing further projects amid pressure to accelerate climate efforts ahead of President Joe Biden’s summit next week.
The discussions follow mounting pressure from the US which wants the Asian nation to stop backing coal-fired power plant developments abroad as well as bolster emissions reduction targets at home, according to government officials who requested anonymity to discuss private talks.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
