SEOUL, April 6 (Korea Bizwire) – Seoul’s government said Thursday it will financially reward motorists for reducing their driving mileage, staring this month, as part of efforts to fight fine dust pollution and greenhouse gas emissions. According to the Seoul Metropolitan Government, the city’s motorists will be paid a maximum of 70,000 won (US$62) if [...]
SEJONG, March 16 (Korea Bizwire) – South Korea will inject a fresh 26.2 billion won (US$23.1 million) worth of greenhouse gas emissions rights in the trading market this month as part of its efforts to foster the local carbon trading system, the finance ministry here said Thursday. A government panel chaired by Vice Finance Minister [...]
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 [...]
SEJONG, Jan. 24 (Korea Bizwire) – South Korea will raise greenhouse gas emissions rights in the trading market for this year in a bid to meet its tightened reduction target, the finance ministry said Tuesday. Under the revised 2017 emissions allocation plan endorsed by the Cabinet, some 538.9 million tons of emissions rights will be [...]