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Korea: Businesses object to carbon trading introduction

Posted on 10 June 2014

Companies are strongly protesting the government’s plan to introduce a greenhouse gas emissions trading system. Analysts say the government should take into account diverse factors instead of just pushing the plan forward.
The Ministry of Environment announced Wednesday that the country will start the emissions rights trading on the Korea Exchange from next year. The ministry will set quotas for energy-intensive businesses, and those successfully cutting emissions can sell the remaining rights to those failing to meet their obligations………………………………………..Full Article: Source


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