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Solutions for Our Climate (SFOC) reposted this

Solutions for Our Climate (SFOC) reposted this

Despite its last set of global bonds maturing in June, the debt-ridden Korea Electric Power Corporation (KEPCO) has yet to renew them – raising important questions regarding whether its overseas financiers are rethinking their fossil fuel investments. KEPCO’s fossil fuel ventures are propped up by global bonds backed by major financial institutions like JPMorganChase, Bank of America, Citi and HSBC. In funding coal-dependent KEPCO, these institutions not just indirectly contribute to environmental degradation and social injustices overseas but risk jeopardizing their own climate commitments. Our latest insights blog, prepared in collaboration with Ekō and the Philippine Movement for Climate Justice (PMCJ), exposes the environmental and health impacts of KEPCO’s global bond-backed fossil fuel investments on local communities in the vicinity of the KEPCO SPC coal power plant in Naga City, Cebu, Philippines. #EndFossilFinance #ClimateAction #SFOC Read the full insights blog here: https://lnkd.in/gqcQekjZ Learn more about the PMCJ here: https://lnkd.in/gsV2h4df

Solutions for Our Climate (SFOC) reposted this

🇰🇷 South Korea is way behind in its quest to phasedown HFCs in line with the 2016 Kigali Amendment of the Montreal Protocol. Parties to the Protocol will convene in 🇹🇭 Bangkok, Thailand from July 7-11 for the 47th Open-Ended Working Group meeting, where the agenda will include ♻️ lifecycle refrigerant management (LRM), 🧪 feedstock use of controlled substances, 💪🏽 strengthening Montreal Protocol institutions and enhancing 📊 regional atmospheric monitoring of Protocol-controlled substances. #OEWG47 will lay the groundwork for the 37th meeting of Parties to the Montreal Protocol (#MOP37) set to take place in Nairobi this November. Ahead of the meeting, we take a closer look at South Korea’s HFCs problem – and what stakeholders need to do to address it. Read the full report here: https://lnkd.in/gRGipp7x #OEWG47 #MOP37 #HFCs #LRM #LifecycleRefrigerantManagement #superpollutants #sustainablecooling #SFOC

Solutions for Our Climate (SFOC) reposted this