SFOC feed

💥 Doomed to Fail: How “Clean” LNG Could Cost Korea Billions    Despite global LNG demand set to decline by up to 79% by 2050, Korea continues to pour billions of won into expanding its LNG infrastructure buildout, including upcoming projects like the Dangjin LNG terminal. Our latest report reveals how this puts Korea in a vulnerable position, leaving it with stranded assets set to operate decades past Korea’s 2050 net-zero goal.    🔍 Key Takeaways:    1. Underused LNG Infrastructure — Terminal utilization rates remain below 30%, revealing significant overcapacity and inefficiency risks ⚡   2. High Stranded Asset Risk— The total stranded asset value of Korea’s LNG terminal network is estimated at KRW 6.6–12.3 trillion, calling for a reassessment of demand forecasts 📊   3. Dangjin Terminal Project at Risk — KOGAS’s Dangjin LNG Terminal alone could face stranded asset losses of KRW 637–877 billion, showing the economic vulnerability of new LNG projects 💸 Without stronger safeguards, this continued investment in so-called “bridge fuels” is building bridges to nowhere, risking the erosion of Korea’s climate credibility and long-term financial resilience.   🔍 Read the full report here: https://lnkd.in/gxjS2j33

🌎 Headed to COP30 Brazil in Belém this November? Curious about how this year's negotiations will affect global climate mitigation and adaptation efforts? Solutions for Our Climate (SFOC) has you covered! 🔎 In our first of two pre-#COP30 explainers, we unpack key issues on this year's agenda, including NDC submissions, accelerating implementation of the Paris Agreement, adaptation finance and renewables expansion. We also explore how the Brazilian indigenous concept of #Mutirão could build bottom-up, multistakeholder approaches to climate action that could be a gamechanger in bringing about a just, ethical and inclusive global energy transition. 📆 Stay tuned to this space for updates on SFOC's COP30 events coming soon! ⬇️ Want more? Read the full explainer here! #ACSatCOP30 #COP30 #ClimateAction #ClimateChange #SFOC #SFOCatCOP30

We're #hiring a new Legal team_Attorney in Seoul. Apply today or share this post with your network.

Solutions for Our Climate (SFOC) recently published a new report exploring South Korea’s 🇰🇷 green finance landscape and the pivotal role of public and private financial institutions in accelerating the country’s transition from coal to clean energy. ⚡️ The challenge? #Korea continues to channel USD 130 billion (KRW 173.7 trillion) into fossil fuels, including USD 57.8 billion into coal, while renewable investment reached only USD 18.4 billion. 💰 Two key recommendations from the report are the following: 🔹⁠ ⁠To align finance with an early coal phase-out, Korea could implement binding fossil fuel exclusions and redirect Korea Development Bank (KDB) and the Export–Import Bank of Korea (KEXIM) lending toward #cleanenergy, particularly #offshore wind, or consider establishing a dedicated coal transition facility to finance just transition and regional redevelopment in coal-dependent areas.  🔹 Korea could also reform the K-Taxonomy and ETS for #netzero alignment and meaningful carbon pricing and track progress via an Energy Supply Investment Ratio to enhance accountability and guide capital toward #renewables, competitiveness, and fair community transition. Recently, the Climate Smart Ventures team gathered in South Korea for an annual retreat – an opportunity to reflect on the country's evolving energy landscape and Asia's momentum for #energytransition. It reinforced a shared commitment to addressing the range of energy transition contexts in #Asia and advancing transition finance solutions across the region. 🔗 Learn more here https://lnkd.in/g8thFnGn and congrats to Solutions for Our Climate (SFOC) and Ayleen Lippert for this terrific research.

This new UCL study provides powerful evidence that the financial risks of shipping fossil fuels are not theoretical—they are measurable and material. For South Korea, where public financiers like Export-Import Bank of Korea (KEXIM) continue to back LNG carriers and midstream gas projects, the study's findings underscore the urgent need to reassess risk exposure before these assets become stranded. They also reiterate the need to align maritime finance with climate goals as a matter of both moral and economic necessity. #ClimateFinance #Maritime #Shipping #ShippingDecarbonization #SFOC

We're #hiring a new Shipping Team_Advocacy Researcher in Seoul, Seoul. Apply today or share this post with your network.

#FlashbackFriday: Our Favorite Moments from #ClimateWeekNYC 2025    The energy was palpable, and the conversations were vital. In our latest insights blog, we walk you through some of Team SFOC’s favorite moments from this year’s edition of Climate Week NYC.  Special thanks to Yewon Lee Younglak Hong Tom JangHyeok Lim Ho Yean Choi Emma Nijssen Chaejin Shin Andrea Tseng Kay Leung for sharing their key insights from this trip to the Big Apple 🍎 ! Don't just take our word for it—read the full recap: https://lnkd.in/gD4ANNiC If you met any of us in NYC, we'd love to continue the dialogue. Drop us a line! #ClimateAction #ClimateWeekNYC #NYCW #Sustainability #SFOC