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Child Plaintiff to Address South Korea’s Constitutional Court in Landmark Climate Case

Child Plaintiff to Address South Korea’s Constitutional Court in Landmark Climate Case

SEOUL, May 15 (Korea Bizwire) –  A 12-year-old elementary school student will make her voice heard this week in one of South Korea’s most consequential legal battles over the government’s response to climate change. Han Je-ah, a sixth grader from Seoul, will address the Constitutional Court in person on May 21 during the final hearing for [...]

World Heading for a 3-degree C Warming Trajectory, as Political Headwinds Slow the Energy Transition

World Heading for a 3-degree C Warming Trajectory, as Political Headwinds Slow the Energy Transition

World heading for a 3-degree C warming trajectory, as political headwinds slow the energy transition WoodMac report looks at the implications of a delayed energy transition, amid political uncertainties, inflation and elections across the world LONDON, 02 May 2024 (Korea Bizwire) – A five-year delay to the energy transition could see the global average temperature rise [...]

Unprecedented Call for Reform of Global Finance to Fix Debt & Climate Crises – Project Everyone Letter

Unprecedented Call for Reform of Global Finance to Fix Debt & Climate Crises – Project Everyone Letter

Stephen Fry, Annie Lennox, Christiana Figueres, Forest Whitaker, David Miliband, Graça Machel, Helen Clark and Paul Polman among 100+ signatories of letter to G20 leaders LONDON, Apr. 14 (Korea Bizwire) — Eighty years on from the establishment of the International Monetary Fund and World Bank, a coalition of leading actors, politicians, artists and economists have [...]

Aging Populations Linked to Climate Change Vulnerability, Study Finds

Aging Populations Linked to Climate Change Vulnerability, Study Finds

SEOUL, Apr. 10 (Korea Bizwire) – As populations around the world continue to age, a new study by researchers at the Korea Advanced Institute of Science and Technology (KAIST) has revealed a complex interplay between this demographic shift and a community’s ability to adapt to climate change – a first-of-its-kind global analysis.  The research team, led [...]

South Korea Ranks Second Worldwide in Public Financing for Fossil Fuel Projects, Report Finds

South Korea Ranks Second Worldwide in Public Financing for Fossil Fuel Projects, Report Finds

SEOUL, Apr. 5 (Korea Bizwire) – A report by the American climate organization Oil Change International (OCI) has revealed that South Korea’s public financing for fossil fuel projects is the second largest globally. Climate Solutions, a South Korean climate advocacy group, disclosed these findings, emphasizing the significant financial support extended by South Korea to the fossil [...]

Foreign Investors Flee POSCO Holdings Amid Climate Concerns

Foreign Investors Flee POSCO Holdings Amid Climate Concerns

SEOUL, Mar. 20 (Korea Bizwire) – POSCO Holdings, a major South Korean steelmaker listed on the KOSPI index, has seen a precipitous drop in foreign shareholdings over the past year, as global investors grow increasingly wary of the company’s climate impact and carbon footprint.  According to data from the Korea Exchange, foreign ownership of POSCO Holdings [...]

National Survey Reveals Overwhelming Concern Among Citizens for Climate Change and Plastic Pollution

National Survey Reveals Overwhelming Concern Among Citizens for Climate Change and Plastic Pollution

SEOUL, Mar. 11 (Korea Bizwire) – In a revealing glimpse into the collective psyche of a nation increasingly alarmed by the environmental crisis at its doorstep, a recent comprehensive survey has highlighted the deep concerns harbored by South Koreans over the twin perils of climate change and the burgeoning issue of plastic waste. This widespread apprehension [...]

GCF Board Approves US$490 Mln Worth of Climate Projects in Developing Nations

GCF Board Approves US$490 Mln Worth of Climate Projects in Developing Nations

SEOUL, Mar. 7 (Korea Bizwire) — The Green Climate Fund (GCF), an international organization on fighting climate change, has approved US$490 million in funding for projects on low emissions and climate resilience in 23 developing nations, South Korea’s finance ministry said Thursday. During a three-day board meeting in Rwanda that began Monday, the board of [...]