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Emissions trading scheme : Korea environment policy bulletin

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Frame of Image ans 2.3 Target Entities for Allocation 2.4 Allocation of GHG Emissions Permit 2.5 Allocation Methods 2.6 Flexibility in Submitting Permits 2.7 Penalty 3. Operation Status of Greenhouse Gas Emissions Trading Scheme in Korea 3 3 5 5 6 7 8 9 10 11 11 III. Expected Effects of Greenhouse Gas Emissions Trading Scheme Reference 13 14 Summary Summary The total volume of greenhouse gas emissions in Korea as of 2013 was 694.5 million CO₂eq, which was the 8th largest in the world. The carbon dioxide emissions per capita were 11.9t CO₂ , which was the 17th highest in the world. As a responsible member of the global community, Korea made clear its commitment to the reduction of greenhouse gas, and presented a pledge to reduce emissions by 37 percent from the business-as-usual (BAU) level by 2030. As a part of its national initiative to reduce greenhouse gas emissions, Korea introduced an emissions trading scheme starting from January 2015. The Emissions Trading Scheme (ETS) is applied to business entities with average greenhouse gas emissions of 125,000 tCO₂ or more, or business facilities emitting more than 25,000 tCO₂ for the past three years. As of the end of 2015, there were a total of 525 companies that are participating in the ETS. A sectoral cap on the emissions was allocated based on the emission volume and the reduction potential of each sector as well as considering the national reduction target. Emissions permits to individual entities for the first phase (2015~2017) were mainl


Full Text
Title Emissions trading scheme
Similar Titles
Sub Title

Korea environment policy bulletin
Material Type Report
Author(English)

Suh,Yang-Won

Publisher

Seoul, South Korea : Korea Encironment Institute
Date 2015
Pages 18
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Territorial Development < General
Territorial Development < Environment
Territorial Development < Others
Holding Korea Encironment Institute
License