South Korea this week became the latest country to throw its weight behind the global ambition to reach net zero emissions, with a target to become carbon neutral by 2050. This follows similar announcements from both China and Japan, while countries like Australia have resisted global pressures to decarbonize, with eyes on a future in fuel exports. The South Korean plan was announced by President Moon Jae-in on Wednesday, along with a $38 billion budget – adopting the familiar ‘Green New Deal’ handle – to boost low-carbon energy across the economy and to triple renewable electricity generation in just five years, with a rise from 15.7 GW to 42.7 GW. This will come with an initial injection of $7 billion…