Berliner Boersenzeitung - South Korea pledges to phase out coal plants at COP30

EUR -
AED 4.252233
AFN 76.408927
ALL 92.707989
AMD 423.133445
ANG 2.07206
AOA 1062.783383
ARS 1722.544132
AUD 1.629599
AWG 2.085336
AZN 1.967476
BAM 1.953886
BBD 2.332075
BDT 142.07899
BGN 1.96391
BHD 0.43667
BIF 3456.869129
BMD 1.157716
BND 1.477933
BOB 13.448652
BRL 6.021166
BSD 1.157851
BTN 110.641147
BWP 15.587664
BYN 3.521905
BYR 22691.233421
BZD 2.328789
CAD 1.605688
CDF 2631.48879
CHF 0.939359
CLF 0.026911
CLP 1059.159755
CNY 7.806712
CNH 7.806733
COP 3629.740638
CRC 520.083828
CUC 1.157716
CUP 30.679474
CVE 110.155673
CZK 24.204388
DJF 205.749615
DKK 7.476107
DOP 67.752757
DZD 153.955413
EGP 58.098353
ERN 17.36574
ETB 187.309699
FJD 2.552937
FKP 0.855548
GBP 0.854759
GEL 3.022383
GGP 0.855548
GHS 12.792985
GIP 0.855548
GMD 85.096825
GNF 10171.904595
GTQ 8.835117
GYD 242.246437
HKD 9.082103
HNL 31.040193
HRK 7.533607
HTG 151.50963
HUF 364.136987
IDR 20631.656673
ILS 3.434098
IMP 0.855548
INR 110.793247
IQD 1516.894514
IRR 1591381.962892
ISK 142.202466
JEP 0.855548
JMD 183.430326
JOD 0.820868
JPY 184.664383
KES 149.808188
KGS 101.241917
KHR 4688.749507
KMF 494.345281
KPW 1041.944732
KRW 1639.245284
KWD 0.357491
KYD 0.964951
KZT 533.734889
LAK 26120.076366
LBP 103677.400969
LKR 384.193674
LRD 210.161419
LSL 18.717024
LTL 3.418434
LVL 0.700291
LYD 7.356794
MAD 10.733886
MDL 19.933389
MGA 4987.050456
MKD 61.459003
MMK 2430.957301
MNT 4163.321731
MOP 9.356473
MRU 46.42053
MUR 54.331358
MVR 17.887029
MWK 2007.781305
MXN 19.725623
MYR 4.701252
MZN 73.989667
NAD 18.717024
NGN 1568.51947
NIO 42.607713
NOK 10.9069
NPR 177.024307
NZD 1.962114
OMR 0.445147
PAB 1.157851
PEN 3.897332
PGK 5.126912
PHP 71.422999
PKR 321.35063
PLN 4.315687
PYG 6974.078372
QAR 4.232599
RON 5.241095
RSD 117.390112
RUB 98.347085
RWF 1699.228229
SAR 4.337367
SBD 9.317973
SCR 15.979876
SDG 695.210715
SEK 11.017578
SGD 1.479439
SHP 0.857712
SLE 28.360339
SLL 24276.724575
SOS 661.743234
SRD 43.743725
STD 23962.383592
STN 24.475708
SVC 10.131944
SYP 15052.623205
SZL 18.721177
THB 38.261936
TJS 10.68146
TMT 4.063583
TND 3.383542
TOP 2.787502
TRY 55.4561
TTD 7.846213
TWD 36.909023
TZS 3056.373722
UAH 51.795794
UGX 4307.724673
USD 1.157716
UYU 46.393955
UZS 13729.551592
VES 893.266858
VND 30337.947541
VUV 135.833049
WST 3.165764
XAF 655.300967
XAG 0.017572
XAU 0.000262
XCD 3.128785
XCG 2.086847
XDR 0.818565
XOF 655.306622
XPF 119.331742
YER 274.60945
ZAR 18.801188
ZMK 10420.835634
ZMW 21.813351
ZWL 372.784077
  • CMSC

    -0.0900

    21.36

    -0.42%

  • RBGPF

    -3.5100

    68.65

    -5.11%

  • BCC

    -1.3000

    81.94

    -1.59%

  • NGG

    0.2400

    81.29

    +0.3%

  • GSK

    0.7600

    50.28

    +1.51%

  • BTI

    -1.3300

    55.73

    -2.39%

  • RIO

    1.5300

    97.21

    +1.57%

  • CMSD

    -0.0328

    21.18

    -0.15%

  • RYCEF

    0.4600

    21.25

    +2.16%

  • RELX

    -0.8700

    33.56

    -2.59%

  • JRI

    -0.1300

    12.48

    -1.04%

  • BCE

    -0.1200

    23.35

    -0.51%

  • VOD

    -0.2200

    16.2

    -1.36%

  • AZN

    0.4400

    156.89

    +0.28%

  • BP

    0.3200

    42.85

    +0.75%

South Korea pledges to phase out coal plants at COP30
South Korea pledges to phase out coal plants at COP30 / Photo: ANTHONY WALLACE - AFP

South Korea pledges to phase out coal plants at COP30

South Korea pledged Monday to phase out coal power plants that lack emission-reducing measures, an ambitious step for a country that generates a third of its electricity from the fossil fuel.

Text size:

Seoul announced its decision to join the Powering Past Coal Alliance (PPCA) of governments and organisations pushing to eliminate unabated coal as a power source, as Brazil hosts UN climate talks in Belem.

"Our long-term goal is to create a decarbonised green society where renewable energy takes up a large share in our power mix and use nuclear power as a complementary source, phase out coal and use gas as an emergency source," South Korea's Climate Minister Kim Sung-whan told reporters in the Amazonian city.

The pledge does not give a date for an end to all of South Korea's use of unabated coal, but represents the first official government commitment to stop building new unabated coal plants and to phase out existing ones.

"We will kickstart our coal phase-out," Kim said, adding that the pledge will "help the Alliance advance the coal transition worldwide".

Unabated refers to coal burned without any measures to reduce its emissions, such as carbon capture and storage. Most coal-fired power plants do not capture their CO2 emissions.

"Out of 61 existing coal power plants, 40 coal power plants are confirmed to phase out by 2040," the PPCA said in a statement.

The remaining 21 plants will have their closure date "determined based on economic and environmental feasibility", with a detailed roadmap to be finalised in 2026, the group added.

Asia's fourth-largest economy currently operates the world's seventh-largest coal fleet and is the fourth-largest coal importer, according to the PPCA.

The pledge demonstrates South Korea's "commitment to accelerating a just and clean energy transition", Kim said.

The transition will "create thousands of jobs in the industries of the future", the minister added.

- 'Must go even further' -

South Korea has already begun cutting its dependence on coal, with its share of electricity generation falling to 30.5 percent last year from 46.3 percent in 2009, according to energy think tank Ember.

On a global level, renewable energy overtook coal generation for the first time on record in the first half of 2025, according to Ember.

The new commitment builds on Seoul's 2020 pledge to reach carbon neutrality by 2050.

As part of that target, the government aims to reduce greenhouse gas emissions by 53–61 percent from 2018 levels by 2035, in line with global efforts to limit warming to 1.5C.

"A few years ago it would have seemed inconceivable that South Korea would be committing to phase out coal generation," said Richard Black, Ember's director of policy and strategy.

"But what's already happening in Korea, with coal power down by a third since the Paris Agreement was signed ten years ago, makes it now a logical choice," Black said.

Dozens of countries worldwide have pledged to phase out unabated coal.

South Korea is only the second government in Asia to join the PPCA, after Singapore.

"In these critical years of climate action, we must go even further and faster," British climate minister Katie White, who co-chairs the PPCA, said in Belem.

"Emissions from coal have not yet peaked, and we must consider the barriers faced by the developing world and ensure everyone feels the benefits of phasing out coal," White said.

(A.Berg--BBZ)