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South Korea restricts carbon offsets, sets rules for giveaways

Posted on 14 November 2012

South Korea asked its largest emitters to make cutbacks at home before giving them credit for overseas spending to reduce greenhouse gases, and it will begin charging for about 3 percent of pollution allowances in 2018.
The nation won’t allow so-called global carbon offsets until after 2020, according to an e-mailed statement today from the prime minister’s office and other government agencies. South Korea agreed in May to start a cap-and-trade system in 2015 to rein in the fastest-growing emissions in the developed world………………………………………..Full Article: Source


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