KDB’s Fossil Fuel Loans Reach 9.5 Trillion Won… Carbon Emissions Not Calculated
3 Articles
3 Articles
(Seoul = Yonhap News) Reporter Kim Ji-yeon = Although the outstanding balance of fossil fuel-related loans at the Korea Development Bank, a policy financial institution, is approaching 9.5 trillion won, financial..., an indirect indicator of carbon emissions...
It has been pointed out that while the Korea Development Bank’s outstanding balance of fossil fuel-related loans is approaching 9.5 trillion won, it is not calculating financial emissions, which is an indicator related to carbon emissions.
It has been revealed that the Korea Development Bank's outstanding loans related to coal, oil, and liquefied natural gas (LNG) have exceeded 9.4 trillion won. This represents an increase of more than 1 trillion won compared to 2021. On the other hand, it has been confirmed that the KDB has not disclosed its "financial emissions"—greenhouse gas emissions resulting from financial support—nor has it set reduction targets. The headquarters of the Ko…
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