South Korea abandons 2020 GHG target, puts ETS in new hands and lifts early action credit cap

Published 05:44 on February 26, 2016  /  Last updated at 11:05 on June 9, 2016  /  Asia Pacific, South Korea  /  No Comments

South Korea on Friday announced a raft of climate policy changes, including abandoning its GHG emissions target for 2020, stripping the Ministry of Environment of its responsibility for the emissions trading scheme, and lifting a cap on Early Action Credits that observers say could boost the market's supply by more than 40 million tonnes.

South Korea on Friday announced a raft of climate policy changes, including abandoning its GHG emissions target for 2020, stripping the Ministry of Environment of its responsibility for the emissions trading scheme, and lifting a cap on Early Action Credits that observers say could boost the market’s supply by more than 40 million tonnes.

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