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South Korea’s $35 Billion Green Plan Skirts Zero-Carbon Target

  • $35 billion program lacks 2050 goal proposed by ruling party
  • Pressure mounting on Asian nations to reduce fossil fuel use
Solar Panel Power Plant

Photographer: SeongJoon Cho/Bloomberg

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South Korea revealed a 42.7 trillion won ($35 billion) plan to ramp up its commitment to renewable energy and environmentally friendly infrastructure, but came short of setting a time frame to phase out carbon emissions.