23.05.2016 - Carbon trading fails to take root in Korea
Korean companies have rarely traded their carbon emission rights on the South Korean main bourse this year due to a weak supply, data showed Sunday. According to the Korea Exchange, the total volume of traded emission rights stood at 1.08 million tons as of Thursday, a combined figure of 113,000 Korean allowance units and 968,000 Korean credit units. Korean allowance units refer to the rights allocated directly by the government. Korean credit units are offset emission permits, converted from the greenhouse gas reductions through individual companies’ external projects...............................................Full Article: Source
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