Asia Pacific > South Korea urged to make major cuts in CO2 allocation in next ETS phase

South Korea urged to make major cuts in CO2 allocation in next ETS phase

Published 09:31 on January 11, 2024  /  Last updated at 09:31 on January 11, 2024  / Chia-Erh Kuo /  Asia Pacific, South Korea

An environmental group has urged the government of South Korea to make substantial changes to a basic plan underpinning the next phase (2026-30) of the domestic carbon market, as the current calculation method for allocated carbon permits is considered too generous for emitters.
An environmental group has urged the government of South Korea to make substantial changes to a basic plan underpinning the next phase (2026-30) of the domestic carbon market, as the current calculation method for allocated carbon permits is considered too generous for emitters.


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