04.09.2014 - South Korea dumps vehicles from ETS
South Korea has confirmed it will exempt car-markers from its emissions trading scheme, which is set to launch at the start of next year, Reuters reports. According to the news service, Finance Minister Choi Kyung-hwan said the so-called smog tax – which has already been postponed by more than two years – would be too challenging for industry if it was launched at the same time as the ETS. The government says it will delay the tax until the end of 2020, with Reuters citing pressure from domestic and US car-makers...............................................Full Article: Source
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