Brown is the new green: Will South Korea’s commitment to coal power undermine its low carbon strategy?

Published on India Environment Portal | News, reports, documents, blogs, data, analysis on environment & development | India, South Asia (http://admin.indiaenvironmentportal.org.in)

Brown is the new green: Will South Korea’s commitment to coal power undermine its low carbon strategy? [1]

This note present the results of Carbon Tracker’s coal power analysis for South Korea to understand stranded asset risk and relative economic competitiveness. The note has four key findings: South Korea has the highest stranded asset risk in the world due to market structures; South Korea risks losing the low carbon technology race by remaining committed to coal; Planned retrofits to cost $3.6 bn which will accelerate the competitiveness of renewables and could impact KEPCO’s finances; and South Korea should stop investing in new coal and develop a retirement schedule.
[2]

Publication Date:

13/03/2019

Source: Carbon Tracker [3]

Tags:

Coal [4], Renewable Energy [5], Power Industry [6], South Korea [7], Finance [8]

Source URL: http://admin.indiaenvironmentportal.org.in/reports-documents/brown-new-green-will-south-korea%E2%80%99s-commitment-coal-power-undermine-its-low-carbon

Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/brown-new-green-will-south-korea%E2%80%99s-commitment-coal-power-undermine-its-low-carbon
[2] http://www.indiaenvironmentportal.org.in/files/file/Brown_is_the_new_green.pdf
[3] http://admin.indiaenvironmentportal.org.in/category/publisher/carbon-tracker
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/coal
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/renewable-energy
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/power-industry
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/south-korea
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/finance