ROK wants to shutter 75% of coal plants by 2039 but will need to address energy security risks and economic disruptions
South Korea’s trade ministry has announced a plan to phase out over 75% of the country’s coal-fired power plants by 2039, an ambitious effort to align the country with global decarbonization trends and reduce greenhouse gas emissions.
Introduced last week alongside the establishment of a “Coal Power Transition Taskforce,” the initiative reflects the ROK’s recognition of the need to transition from coal, which it currently relies on for roughly a third of its energy needs.
South Korea’s trade ministry has announced a plan to phase out over 75% of the country’s coal-fired power plants by 2039, an ambitious effort to align the country with global decarbonization trends and reduce greenhouse gas emissions.
Introduced last week alongside the establishment of a “Coal Power Transition Taskforce,” the initiative reflects the ROK’s recognition of the need to transition from coal, which it currently relies on for roughly a third of its energy needs.
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