Accelerating fossil fuel phase out in Asia
South Korea is key to Asia’s energy transition. The country remains the third-largest public fossil fuel financier among the G20 and has yet to sufficiently accelerate the transition from coal to clean energy.
South Korean NGO, Solutions for Our Climate (SFOC), has set out to change this. The organization collaborates with domestic and international civil society organizations to advice and pressure South Korean policymakers and financiers to phase out fossil fuels. They do this by providing sound financial analysis, engaging with decision-makers, and conducting media and communications activities targeted towards key financial institutions.
KR Foundation has supported SFOC since 2020. In 2021, the South Korean government committed to end their international coal financing, a decision that SFOC played a key role in facilitating. KR Foundation has just renewed its support for SFOC for another two years.
Read more about Solution for Our Climate here.