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South Korea delays carbon trading until 2015

Posted on 02 March 2011

From Strategyeye.com: South Korea plans to introduce an emissions trading scheme from the beginning of 2015, according to Reuters. The country’s government had planned to bring the scheme into effect in 2013, but has revised its plans following strong opposition from industry groups.
The groups argue the carbon trading scheme will put them at a competitive disadvantage to exporters in countries such as the US, Australia and Japan which, have scrapped or postponed cap-and-trade plans. The revised bill is yet to be approved by parliament, but will reportedly increase the percentage of free carbon allowances for companies from 90% to 95%…………………………………….Full Article: Source

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