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Korea: Carbon trading plan watered down

Posted on 24 July 2012

The government on Monday unveiled a detailed plan for its greenhouse gas emissions trading scheme, apparently seeking a smooth start of the program in light of persistent fears from industries about increased environmental costs.
A prior notice was issued on the enforcement ordinance which contains key details of a national carbon exchange system which will launch in January 2015. It is a follow-up measure after the National Assembly on May 2 passed the legislation for the so-called cap-and-trade scheme with near unanimity………………………………………..Full Article: Source

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