| A cap on carbon dioxide emissions that South Korea expects to introduce as part of a carbon trading scheme will be around 3 percent larger than previously touted over the next three years, the government said on Thursday. Seoul has been under pressure from industry worried about costs from plans to begin what will be the world's second-biggest carbon emissions trading scheme from the start of 2015.
South Korea is one of the world's top 10 carbon producers, so any steps it takes to curb emissions are key to global efforts to combat greenhouse gases in the environment. It wants to cut emissions in 2020 to 30 percent below business-as-usual levels...............................................Full Article: Source
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