South Korea ETS braces for impact from influx of international carbon credits

Published 09:30 on August 6, 2020  /  Last updated at 23:09 on August 6, 2020  /  Asia Pacific, Other APAC, South Korea  /  No Comments

South Korean companies have cancelled nearly 800,000 UN-issued CERs from projects abroad over the past couple of weeks, with a view to having them re-issued as credits eligible in the already oversupplied domestic emissions trading scheme.

South Korean companies have cancelled nearly 800,000 UN-issued CERs from projects abroad over the past couple of weeks, with a view to having them re-issued as credits eligible in the already oversupplied domestic emissions trading scheme.

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