{"id":20138,"date":"2026-05-17T21:52:57","date_gmt":"2026-05-17T21:52:57","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/20138\/"},"modified":"2026-05-17T21:52:57","modified_gmt":"2026-05-17T21:52:57","slug":"think-tanks-urge-bank-of-korea-to-move-from-climate-research-to-action","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/20138\/","title":{"rendered":"Think tanks urge Bank of Korea to move from climate research to action"},"content":{"rendered":"<p>The BOK is called to implement concrete policies that shift financial flows away from high-carbon sectors.<\/p>\n<p>The <a href=\"https:\/\/asianbankingandfinance.net\/company\/bank-korea\" rel=\"nofollow noopener\" target=\"_blank\">Bank of Korea<\/a> (BOK) is urged to take more action to address climate change, according to two think tanks.<\/p>\n<p>Positive Money (UK) and the Institute for Green Transformation (Korea) stated that most of the BOK\u2019s environmental work has focused on research and analysis rather than concrete policies to shift financial flows away from high-carbon sectors.<\/p>\n<p>\u201cThe Bank of Korea has taken initial steps to bring environmental considerations into its thinking, but it\u2019s time to move from research to action,\u201d Joe Herbert, senior researcher at Positive Money and co-author of the briefing between the two think tanks, said in a press statement published on 20 April 2026.<\/p>\n<p>The think tanks\u2019 briefing comes on the heels of South Korea securing 273 million barrels of crude oil from Kazakhstan, Oman, and Saudi Arabia. The Korean economy was reportedly rocked by the closure of the Strait of Hormuz, which 70% of its energy supply is imported through.<\/p>\n<p>The think tanks recognized that the <a href=\"https:\/\/asianbankingandfinance.net\/market\/south-korea\" rel=\"nofollow noopener\" target=\"_blank\">Korean government<\/a> has announced plans to raise renewable energy\u2019s share of the country\u2019s electricity generation to a minimum of 20% by 2030. As of 2025, it makes up 11.4% of the share.<\/p>\n<p>They also urge the BOK to recognise the flaws of claims to \u201cmarket neutrality\u201d, arguing that this privileges sectors that already hold the most power in the economy, which are often high carbon, the press release said.<\/p>\n<p>\u201cThe BOK needs to respond to the climate and ecological crisis because the fallout from it threatens the central bank\u2019s core mandate of maintaining price and financial stability; the current geopolitical context simply amplifies this need by highlighting Korea\u2019s current vulnerability to the price volatility of global fossil fuel markets,\u201d Herbert said.<\/p>\n<p>\u201cThere have been positive signs from the Korean government and the Bank of Korea &#8211; what\u2019s important now is to implement concrete policies that actively shift financial flows away from high-carbon sectors and towards clean ones,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"The BOK is called to implement concrete policies that shift financial flows away from high-carbon sectors. The Bank&hellip;\n","protected":false},"author":2,"featured_media":20139,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[456],"tags":[845,846],"class_list":{"0":"post-20138","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bank-of-korea","8":"tag-bank-of-korea","9":"tag-bok"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/20138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=20138"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/20138\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/20139"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=20138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=20138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=20138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}