South Korea eyeing Paris GHG goal shift that would make it world’s top carbon credit buyer

Published 15:05 on November 11, 2016  /  Last updated at 20:56 on November 11, 2016  /  Asia Pacific, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, South Korea  /  No Comments

South Korea appears to be considering making its Paris emissions target a multi-year goal instead of a single-year one, which could see its demand for international carbon offsets rise more than ten-fold to over 1 billion units through the 2020s, potentially give the new global carbon market a much-needed shot in the arm.

South Korea appears to be considering making its Paris emissions target a multi-year goal instead of a single-year one, which could see its demand for international carbon offsets rise more than ten-fold to over 1 billion units through the 2020s, potentially give the new global carbon market a much-needed shot in the arm.

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