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

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  / Stian Reklev /  Asia Pacific, Other APAC, South Korea

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.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, login here.