SEJONG, Dec. 19 (Korea Bizwire) — South Korea allocated greenhouse gas emissions rights for local companies for 2018, the finance ministry said Tuesday. Under the 2018 emissions allocation plan endorsed by the Cabinet, some 538.5 million tons of emissions rights are to be allocated to businesses, according to the Ministry of Strategy and Finance. The [...]
SUWON, South Korea, April 19 (Korea Bizwire) – Amid rising concerns over climate change, the latest study by the Gyeonggi Green Environment Center anticipates that Gyeonggi Province – a province of 12 million surrounding the South Korean capital – could experience 166 days of summer by 2070. That is about 50 days longer than the [...]
POHANG, South Korea, April 18 (Korea Bizwire) – POSCO is investing an additional 50 billion won ($44.1 million) to reduce its greenhouse gas emissions. According to local sources on Monday, the South Korean steel giant plans to boost its environmental measures, including reducing emissions of toxic chemicals and improving maintenance of emissions facilities, by establishing [...]
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 [...]
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 [...]
SEJONG, Jan. 11 (Korea Bizwire) – South Korea will inject a fresh 15 billion won (US$12.5 million) worth of greenhouse gas emissions rights in the trading market this year as part of its efforts to encourage businesses to join the carbon trading system, the finance ministry here said Wednesday. A government panel chaired by Vice [...]
SEOUL, Dec. 12 (Korea Bizwire) – The key focus of a 47.5-billion-won ($40.6 million) government project announced Monday will be on demonstrating and implementing viable technologies that can turn greenhouse gases or carbon compounds (CO and CO2) from industrial complexes into useful chemical materials, such as methanol. The project will be jointly conducted by the [...]
SEJONG, Dec. 6 (Korea Bizwire) – South Korea unveiled a set of measures on Tuesday to promote renewable energy usage and expand research and development in order to meet the long-term target of reducing greenhouse gas emissions by 37 percent. The plan, approved by the Cabinet chaired by Prime Minister Hwang Kyo-ahn, is aimed at [...]
SEOUL, Dec. 2 (Korea Bizwire) – The South Korean government has been supplying local trucks with eco-friendly engine-off heaters – heating devices that use a minimum amount of fuel to keep the air warm without having to keep the engine running – as part of its environmental initiatives. According to the Ministry of Land, Infrastructure [...]
SEOUL, Nov. 28 (Korea Bizwire) – Greenhouse gas emissions in South Korea were reduced by 0.8 percent in 2014 compared to a year earlier, marking the first time in 18 years for the figure to decline, the government said Sunday. The Greenhouse Gas Inventory & Research Center of Korea (GIR) said the emissions recorded 690 [...]