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South Korea to Reduce Subsidies for Biomass Energy, Explained

Author: Hansae Song

Date: 2025

Location: a:1:{s:64:"wpcf-fields-checkboxes-option-384907d7e3690cd39dffdc845f17f0fa-1";a:1:{i:0;s:21:"Country - South Korea";}}a:1:{s:64:"wpcf-fields-checkboxes-option-384907d7e3690cd39dffdc845f17f0fa-1";a:1:{i:0;s:21:"Country - South Korea";}}

Language: English

Type of resource: Report

Topics: Biomass finance

On December 18, 2024, the South Korean government announced a major reform of public support for biomass energy, phasing down indirect subsidies known as Renew able Energy Certificates (RECs) for most biomass categories. While this change largely heralds a step in the right direction to mitigate the controversial forest biomass, slow phase-out timelines and loopholes continue to threaten global forests.

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Organization: Solutions for Our Climate

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