South Korea targets bilateral market to secure international credits under Paris

Published 09:39 on October 12, 2021  /  Last updated at 12:19 on October 12, 2021  /  Asia Pacific, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, South Korea  /  No Comments

South Korea plans to do its purchasing of international credits under Article 6.2 of the Paris Agreement, according to government documents, potentially ruling out the option of incentivising private sector players to buy some of the volume under mechanisms such as the CDM.

South Korea plans to do its purchasing of international credits under Article 6.2 of the Paris Agreement, according to government documents, potentially ruling out the option of incentivising private sector players to buy some of the volume under mechanisms such as the CDM.

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.

Comment