South Korean Cabinet approves climate power shake-up, loosens ETS rule

Published 11:47 on May 17, 2016  /  Last updated at 10:24 on May 18, 2016  /  Asia Pacific, South Korea  /  No Comments

The South Korean Cabinet on Tuesday approved plans to hand over responsibility for the nation’s emissions trading scheme to the Office for Government Policy Coordination, and changed an ETS rule to make it easier for emitters to meet this year’s targets even though the government says the market was oversupplied in its first year.

The South Korean Cabinet on Tuesday approved plans to hand over responsibility for the nation’s emissions trading scheme to the Office for Government Policy Coordination, and changed an ETS rule to make it easier for emitters to meet this year’s targets even though the government says the market was oversupplied in its first year.

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