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