South Korea could waste over US $100 billion on outdated coal technology, crippling KEPCO

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“Our below 2°C scenario finds South Korea has $106 billion of potential stranded asset risk – the highest of the 34 countries modelled globally. The figure represents the difference between the cash flow utilities — i.e. Korea Electric Power Corporation (KEPCO), generation companies and private generators may receive under the current business-as-usual (BAU) scenario; and what they would receive in a below 2°C scenario, which sees coal capacity phased-out in South Korea by 2040, to meet the temperature goal in the Paris Agreement.”

An excerpt from Carbon Tracker