South Korea's Coal Phase-Out: A Global Shift
Update: 2025-11-27
Description
South Koreas Coal Phase-Out: A Global Shift in Energy PolicySouth Korea has declared a significant shift in its energy policy, aiming to close all coal-fired power plants by 2040. This move, which marks a departure from decades of coal reliance, will likely impact Australia, a key coal exporter. South Koreas participation in the Powering Past Coal Alliance underscores its commitment to a clean energy transition. The countrys Minister of Climate, Energy, and Environment emphasized the importance of this shift for climate, energy security, and job creation. This strategic pivot signals a global trend towards renewable energy, reshaping international trade relationships and energy markets.
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