South Korea Targets 61% Emissions Cut and Complete Coal Phase-Out

South Korea Targets 61% Emissions Cut and Complete Coal Phase-Out

By
Drew Campbell

Publish Date:November 18, 2025

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📰 The quick summary: South Korea has committed to cutting greenhouse gas emissions by up to 61% relative to 2018 levels and phasing out unabated coal plants, accelerating Asia’s energy transition toward renewables and nuclear power.
📈 One key stat: South Korea will reduce emissions to between 290 and 349 million tonnes of CO2 equivalent by 2035, representing a 53-61% cut from 2018 levels.
💬 One key quote: “The government signaled that new unabated coal construction will halt, while renewable energy and nuclear power will form the backbone of the future electricity mix, with gas as a backup.

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1️⃣ The big picture: South Korea has announced its most ambitious climate plan to date at COP30, committing to slash greenhouse gas emissions by 53-61% from 2018 levels by 2035. The comprehensive strategy includes phasing out unabated coal power plants, with 40 of 61 existing plants scheduled for closure by 2040. Simultaneously, the country is strengthening its Emissions Trading Scheme by reducing free allowances for power generation from 15% to 50% by 2030. This multi-pronged approach combines market mechanisms with direct regulations to drive the nation’s clean energy transition, positioning South Korea as a leader in Asia’s decarbonization efforts.

2️⃣ Why is this good news: These climate commitments represent a significant acceleration in South Korea’s decarbonization timeline, providing clear market signals for investment in clean energy. By joining the Powering Past Coal Alliance, South Korea becomes one of the first major Asian economies to commit to phasing out unabated coal power. The strengthened emissions trading system creates economic incentives for businesses to adopt low-carbon technologies faster. The planned transition to renewable energy and nuclear power will substantially reduce air pollution while creating new jobs in clean energy sectors. These actions from a major industrial economy demonstrate that economic growth can be decoupled from fossil fuel consumption.

3️⃣ What’s next: South Korea must now develop detailed implementation plans for its coal phase-out timeline and renewable energy expansion. The government will need to ensure a just transition for workers and communities dependent on the coal industry. Financial institutions and businesses will align their strategies with these new climate goals, directing capital toward clean energy investments.

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Read the full story here: Carbon Herald – COP30: South Korea Commits To Cutting Emissions By Up To 61% And Halting Unabated Coal

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