Pension Fund Will Not Be Used for Coal Here Anymore

South Korea’s public pension fund will soon completely halt any investment in coal energy sources, coal mining, and power generation industries alike.

“We plan to conduct related research services and institutionalize implementation plans,” establishing a step-by-step action plan during the second half of 2021, as per the National Pension Service (NPS) of South Korea’s announcement.

Worth $774.1 billion, the NPS will implement restrictions regarding investments in the construction of coal-fired power plants on South Korean soil, and abroad. Those restrictions will even be added to the operating guidelines.