South Korea’s new president Moon Jae-in has pledged to step up efforts to reduce emissions and his new policies will have significant implications for the power sector. The proposed reduction in coal-fired generation and limits for new nuclear capacity mark a change from previous policies. The effects of these changes will be felt strongest in the mid-to-long term, and there are questions about their feasibility. But even if the reductions in nuclear and coal generation fall short of Moon’s plans, there will still...
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