Resources

2022 White Paper on Fossil Fuel Finance: Discussing Fossil Fuel Finance Beyond Coal

The first Korea Fossil Fuel Finance White Paper analyzing the current state of fossil fuel financing by Korean financial institutions has been published. Thus far, only the extent of coal financing had been estimated; this is the first time that the extent of oil and natural gas financial assets has been determined.

The total assets of domestic financial institutions (public and private) in fossil fuel finance were KRW 118.5 trillion (as of June 30, 2022). Of these, coal assets amounted to KRW 56.5 trillion and natural gas and oil to KRW 62 trillion.

[Contents]

Preface

Youngho Kim Chairman, KoSIF

YANG YI Won Young Trade, Industry, Energy, SMEs, and StartUps Committee,

Member of the National Assembly

Body

I. Understanding the fossil fuel industry

Trends of fossil fuel consumption

Directions of Korean energy policies

II. Fossil fuel finance of Korean financial institutions

Comprehensive analysis of fossil fuel finance

Comprehensive analysis of coal finance

Comprehensive analysis of natural gas & oil finance

III. Management of climate risk in finance

Coal Phase-out finance and net-zero

IV. Ten Years of renewable energy finance in Korea

Comparison of renewable energy with coal investment

V. Conclusion

Inquiries: Namyoung Park Department Head (nypark@kosif.org)