COP25: Amid record high carbon prices, South Korea pins hopes on UN solution

Published 15:09 on December 13, 2019  /  Last updated at 15:09 on December 13, 2019  /  Asia Pacific, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, South Korea  /  No Comments

South Korean negotiators play a far more active role than usual at this year’s UN climate negotiations in Madrid, hoping to push through rules that would allow Korean ETS firms to buy up to 55-60 million international carbon credits annually throughout the 2020s in a bid to avoid runaway domestic CO2 prices.

South Korean negotiators play a far more active role than usual at this year’s UN climate negotiations in Madrid, hoping to push through rules that would allow Korean ETS firms to buy up to 55-60 million international carbon credits annually throughout the 2020s in a bid to avoid runaway domestic CO2 prices.

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