South Korea ends aid for coal plants overseas
2021-04-23 13:37:20 [Print]
South Korea will stop funding coal-powered plants overseas, President Moon Jae-in told a US-led summit Thursday, as he vowed a larger role in fighting climate change.
The progressive president said he was expanding a decision at home to phase out coal, the dirtiest form of energy.
"Korea will end our public financing for overseas, coal-fired power plants," Moon told the summit convened by President Joe Biden.
"It is imperative for the world to slow down coal-fired power plants, although developing countries that will struggle due to the heavy dependence on coal should be given due consideration and proper support," he said.
Moon said that Asia's fourth largest economy was committed to going carbon neutral by 2050 and would "aim to enhance" its goals by 2030.
The progressive president said he was expanding a decision at home to phase out coal, the dirtiest form of energy.
"Korea will end our public financing for overseas, coal-fired power plants," Moon told the summit convened by President Joe Biden.
"It is imperative for the world to slow down coal-fired power plants, although developing countries that will struggle due to the heavy dependence on coal should be given due consideration and proper support," he said.
Moon said that Asia's fourth largest economy was committed to going carbon neutral by 2050 and would "aim to enhance" its goals by 2030.
