South Korea's financial institutions pledge $313bn in green funding by 2030 for climate goals.
South Korea's financial institutions pledge $313bn in green funding by 2030 to meet climate goals, with funds to be provided by five lenders, including state-run Korea Development Bank, Export-Import Bank of Korea and Korea Credit Guarantee Fund. The funding announcement follows Seoul's ambition to zero-out emissions by mid-century. South Korea's banking industry will also establish a separate fund valued at 9 trillion won to develop and expand clean energy.
March 19, 2024
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