Briefing Note: South Korea shifting further away from coal

By Simon Nicholas, Research Analyst IEEFA & Tim Buckley, Director of Energy Finance Studies IEEFA

The South Korean Ministry of Trade, Industry and Energy has proposed to increase the country’s renewable energy ambition. The country is likely to now target 30-35 per cent renewable energy by 2040, up from 8 per cent now. The Ministry also stated it will “drastically” reduce coal-fired power generation by banning new coal plants and retiring old ones.

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Cook Islands Government passes Seabed Minerals Bill

The Cook Islands Opposition Democratic Party’s bid to put the Seabed Minerals Bill 2019 through “proper consultation” has been quashed. Instead, as reported by local media, “the government forced it through Parliament before adjourning indefinitely”.

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Nautilus Minerals looks to sell assets

Nautilus Minerals is looking to sell its assets in its troubled deep-sea mining project in Papua New Guinea while it fends off creditors.

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