24.07.2012 - Korea: Carbon trading plan watered down
The government on Monday unveiled a detailed plan for its greenhouse gas emissions trading scheme, apparently seeking a smooth start of the program in light of persistent fears from industries about increased environmental costs. A prior notice was issued on the enforcement ordinance which contains key details of a national carbon exchange system which will launch in January 2015. It is a follow-up measure after the National Assembly on May 2 passed the legislation for the so-called cap-and-trade scheme with near unanimity...............................................Full Article: Source
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