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Koreatimes
Policy banks expand coal power funding despite ESG emphasis
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By Lee Yeon-wooDespite their emphasis on sustainable finance, the Korea Development Bank (KDB) and the Export-Import Bank of Korea (Eximbank) have been increasing their financial support for coal-based power generation.According to data from the National Assembly Budget Office (NABO), Monday, the annual loan volumes dedicated to coal-fired power plant projects by these policy financial institutions have consistently been on the rise.KDB's loan commitments related to coal amounted to 1.4 trillion won ($1.05 billion) as of 2022, marking a 15.1 percent increase compared to the previous year.
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- September 19, 2023