EXCLUSIVE: Korean emitters saved by offsets, banking in first year of ETS

Published 10:17 on October 5, 2016  /  Last updated at 18:22 on October 5, 2016  /  Asia Pacific, South Korea  /  No Comments

The 523 companies covered by South Korea’s cap-and-trade programme emitted 2.9 million tonnes of CO2e above their free allocation in 2015, but were able to comply due to their access to offset credits and the possibility to borrow from future allocation, according to unpublished government data obtained by Carbon Pulse.

The 523 companies covered by South Korea’s cap-and-trade programme emitted 2.9 million tonnes of CO2e above their free allocation in 2015, but were able to comply due to their access to offset credits and the possibility to borrow from future allocation, according to unpublished government data obtained by Carbon Pulse.

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