| South Korea plans to impose tough caps on CO2 emissions from utilities and industry as part of a carbon trading scheme that will be the world's second biggest when it opens at the start of next year. The country on Wednesday announced detailed plans for the market, the backbone of its strategy to restrict greenhouse gas emissions in 2020 to 30 per cent below business-as-usual levels.
Under the trading scheme, carbon dioxide emissions from power generators and manufacturers will be capped at 1.64 billion tonnes over the 2015 to 2017 period, the Ministry of Environment plan showed...............................................Full Article: Source |