South Korea Mulls Plan to End State Funding of Overseas Coal
- Government is considering move amid pressure from U.S: people
- Biden’s climate envoy John Kerry to visit Seoul this week
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South Korea, which has invested billions of dollars in overseas coal plants, is debating whether to halt financing further projects amid pressure to accelerate climate efforts ahead of President Joe Biden’s summit next week.
The discussions follow mounting pressure from the U.S., which wants the Asian nation to stop backing coal-fired power plant developments abroad as well as bolster emissions reduction targets at home, according to government officials who requested anonymity to discuss private talks.