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South Korea carbon price could skyrocket, analysts say

Posted on 17 February 2014

The South Korean government’s unwillingness to amend estimates of future greenhouse gas emissions could push its carbon price up to $93 per metric ton of CO2 , nearly 10 times higher than in Europe, when its cap and trade scheme launches in 2015, according to a report by Thomson Reuters Point Carbon.
Emissions from sectors covered by South Korea’s emissions trading scheme such as power generation and manufacturing could be about one-third higher than the government’s estimates, according to the Point Carbon report………………………………………..Full Article: Source


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