Carbon Emissions Archives | Be Korea-savvy
S. Korea’s Coal Consumption Up in 2018, Bucks Global Trend

S. Korea’s Coal Consumption Up in 2018, Bucks Global Trend

SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s coal consumption increased last year, bucking the global trend for reducing carbon emissions, a report showed Sunday. South Korea consumed 88.2 million tons of oil equivalent (TOE), a unit of energy, in 2018, up 2.4 percent from a year ago, according to the London-based energy company BP’s [...]

Growing Carbon Market in Korea Faces Liquidity Challenges

Growing Carbon Market in Korea Faces Liquidity Challenges

SEOUL, March 13 (Korea Bizwire) – Carbon emissions trading is growing in South Korea as more companies are compelled to abide by the government’s scheme to reduce carbon-dioxide emissions, but many businesses fear they won’t meet emissions targets this year. Companies are required to have any emissions excess deducted from their permitted amount for the [...]