Coal is now more expensive than renewable energy – and while this is good news for the climate, it’s bad news for developing countries who have invested in coal. Renato Redentor Constantino looks at how Japan and Korea are divesting, and the IMF’s opinion on stranded assets.
Korea’s citizens have been organizing their own energy cooperatives, and the new feed-in tariffs could encourage even more investment. Yi hyun Kang talks to stakeholders about their role in the energy transition.
The Moon Jae-in administration’s nuclear phase-out policy has begun to take shape. The Korean Energy Information Agency explains how citizen concerns are addressed.
South Koreans are more concerned with air pollution than with North Korea’s nuclear weapons – and with good reason. On some days in Seoul, the air is too full of fine particles to go outside. While some blame China, about half of Korean pollution is from diesel cars and coal plants. Yi hyun Kang looks at what can be done.
The new third generation (EPR) nuclear reactor is being built in France and Finland and is also proposed in the UK. A similar design went into operation in South Korea in December 2016 – but it remains the only one running commercially worldwide. That could change soon, however, as Craig Morris explains.
President Moon wants South Korea to begin scaling down nuclear energy, but a citizen committee supports maintaining the share of nuclear energy in the energy mix. Nevertheless, grassroots renewable energy movements are growing. Yi hyun Kang looks at the latest from the Korean energy sector.
In the Association of Southeast Asian Nations (ASEAN), renewables contributed 8% to final energy consumption in 2014. Since then, the share renewable energy has only slightly increased whereas fossil fuel-powered generation is the main source for new power plants. Lars Blume and Nguyen Thi Hang illustrate why momentum in Southeast Asia is changing.
Word is out that Taiwan has attracted $60 billion in foreign capital commitments to renewable-energy projects, adding to the fast-gathering momentum around the electricity sector transition taking deep root across Asia. Tim Buckley takes a look at the impact on coal.