Asia Pacific > South Korea to seek EU CBAM acceptance for ETS carbon reductions, strengthen MRV

South Korea to seek EU CBAM acceptance for ETS carbon reductions, strengthen MRV

Published 08:51 on October 3, 2022  /  Last updated at 23:16 on October 3, 2022  / Stian Reklev /  Asia Pacific, Carbon Taxes, CBAM, EMEA, EU ETS, International, South Korea

South Korea will open negotiations with the EU that carbon cuts achieved under its emissions trading scheme will be recognised under the bloc's Carbon Border Adjustment Mechanism (CBAM), while also rolling out plans to improve its domestic MRV system to align with international standards.
South Korea will open negotiations with the EU that carbon cuts achieved under its emissions trading scheme will be recognised under the bloc's Carbon Border Adjustment Mechanism (CBAM), while also rolling out plans to improve its domestic MRV system to align with international standards.


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