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Greenhouse gas energy target management scheme

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Frame of Image rom 2012. As of October, 2011, 458 firms are designated as the target firms and their allowable greenhouse gas emissions in 2012 is 598 million CO2 tons, which accounts for 1.44% of the estimated emissions reduction goal. Most of target firms currently participating in the TMS are expected to participate in the emissions trading scheme (ETS). According to the Greenhouse Gas Emission Trading System Act which was promulgated in May this year, firms that emit more than 25,000 tons of greenhouse gas must participate in the ETS (2015). Therefore, installation that emit more than 25,000 tons of greenhouse gases automatically will be switched to
ETS from the Goal Management System in 2015. The method for target setting and MRV of the
TMS will be utilized in the ETS.
Ⅰ Background .
In 2009, the Korean government announced a goal of 30% reduction of greenhouse gases against anticipated emissions (Business As Usual) by 2020 and declared to the world that it will actively respond to the global greenhouse gas reduction and implement systematic low carbon green growth. The reduction goal was evaluated to be the best level of the reduction range (15~30% against BAU) which was recommended by the IPCC (Inter-government Panel on Climate Change) to the developing countries. To achieve the reduction goal, the 「Framework Act on Low Carbon, Green Growth」 was enacted in January 2010. As a result, the Greenhouse Gas Energy Target Management Scheme was introduced from 2012. The Target Management Sch


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Title Greenhouse gas energy target management scheme
Similar Titles
Material Type Reports
Author(English)

Lee, Sang-Youp

Publisher

[Seoul]:Korea Environment Institute; Ministry of Environment

Date 2012
Journal Title; Vol./Issue Korea Environmental Policy Bulletin:vol. X(no. 4)
Pages 12
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Territorial Development < Environment
Holding KEI; Ministry of Environment

Abstract

In 2009, the Korean government announced a goal of 30% reduction of greenhouse gases against anticipated emissions (BAU) by 2020. Also, Korea declared to the world that it will actively respond to the global greenhouse gas reduction and implemented systematic low carbon green growth. To achieve the reduction goal, the 「Framework Act on Low Carbon, Green Growth」 was enacted in January 2010. As a result, the greenhouse Gas & Energy Target Management System (TMS) was introduced from 2012. As of October, 2011, 458 firms are designated as the target firms and their allowable greenhouse gas emissions in 2012 is 598 million CO2 tons, which accounts for 1.44% of the estimated emissions reduction goal. Most of target firms currently participating in the TMS are expected to participate in the emissions trading scheme (ETS). (The rest omitted)