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S.Korea risking sky high carbon prices, worry for exports

Posted on 13 February 2014

South Korea’s refusal to revise estimates of future greenhouse gas emissions could earn it the world’s highest carbon price, and have a potentially damaging impact on its export-oriented industry, according to a report released by Thomson Reuters Point Carbon.
The country’s environment ministry last month decided to stick to previous projections on how much carbon dioxide (CO2) South Korea would emit in 2020 under a business-as-usual (BAU) scenario, despite critics saying that the estimates were too low………………………………………..Full Article: Source


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