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Discussing Fossil Fuel Finance Beyond Coal
The first Korea Fossil Fuel Finance White Paper analyzing the current state of fossil fuel financing by Korean financial institutions has been published. Thus far, only the extent of coal financing had been estimated; this is the first time that the extent of oil and natural gas financial assets has been determined.
The total assets of domestic financial institutions (public and private) in fossil fuel finance were KRW 118.5 trillion (as of June 30, 2022). Of these, coal assets amounted to KRW 56.5 trillion and natural gas and oil to KRW 62 trillion.
Contents
Preface
Youngho Kim Chairman, KoSIF
YANG YI Won Young Trade, Industry, Energy, SMEs, and StartUps Committee,
Member of the National Assembly
Body
I. Understanding the fossil fuel industry
- Trends of fossil fuel consumption
- Directions of Korean energy policies
II. Fossil fuel finance of Korean financial institutions
- Comprehensive analysis of fossil fuel finance
- Comprehensive analysis of coal finance
- Comprehensive analysis of natural gas & oil finance
III. Management of climate risk in finance
- Coal Phase-out finance and net-zero
IV. Ten Years of renewable energy finance in Korea
- Comparison of renewable energy with coal investment
V. Conclusion
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