South Korea to tighten ETS benchmarks in net zero race

Published 09:21 on January 29, 2021  /  Last updated at 01:18 on January 30, 2021  /  Asia Pacific, South Korea  /  No Comments

South Korea plans to adjust the benchmark settings and CO2 allowance auctioning rate in its emissions trading scheme as part of efforts to drive technology innovation to help bring the nation’s carbon output down to net zero by 2050, the environment ministry said Friday.

South Korea plans to adjust the benchmark settings and CO2 allowance auctioning rate in its emissions trading scheme as part of efforts to drive technology innovation to help bring the nation’s carbon output down to net zero by 2050, the environment ministry said Friday.

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