On May 2, the South Korean National Assembly passed a law introducing a national carbon trading scheme by 2015. This is a truly significant moment not only in terms of Korea’s national efforts to tackle climate change, but also because it underlines the emergence of a nascent Asian Pacific carbon trading emissions hub with the potential to be a tipping point in the global fight against climate change.
So why is Korea’s move so important when the country is responsible for fewer than 2 percent of global emissions?……………………………………….Full Article: Source