A South Korean Government-owned company’s $700 million on a Bylong coal mine now in question

257

THE South Korean Government has put a question mark under the strategic case for its controversial Bylong coal mine proposal with new plans to significantly cut coal-fired power use over the next two decades because of serious air pollution concerns and to reduce carbon emissions.

A draft energy plan released last week lifts the renewable energy target from 20 per cent in 2030 to 35 per cent by 2040, up from the current 8 per cent, raising more questions about the viability of the Bylong proposal as the NSW Independent Planning Commission prepares to make a final decision on the mine….

An excerpt from The Herald