Korea’s carbon market doomed to underperform -OECD

Published 09:00 on March 16, 2017  /  Last updated at 14:24 on March 16, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korea’s emissions trading scheme will be ineffective in helping the nation meet its climate targets unless the government steps in to tighten the CO2 cap and increase the share of auctionable allowances, the OECD said Thursday.

South Korea’s emissions trading scheme will be ineffective in helping the nation meet its climate targets unless the government steps in to tighten the CO2 cap and increase the share of auctionable allowances, the OECD said Thursday.

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