SEOUL, Aug. 31 (Korea Bizwire) – South Korean airlines reduced their greenhouse gas emissions by over 280,000 tons in the first half of the year, cutting their use of fuel in the process, which reduced the travel cost for passengers, the government said Wednesday. Under a voluntary agreement, seven South Korean flag carriers, including industry [...]
SEOUL, Aug. 1 (Korea Bizwire) – The Ministry of Agriculture, Food and Rural Affairs (MAFRA) revealed Monday that Korea Western Power Co. (KWP), one of the six major power producers in Korea, will collaborate with a tomato farm in Hongseong County (Octo & Jain) and a Nonsan strawberry farm (Nakwon Farm) to reduce greenhouse emissions. [...]
SEOUL, Dec.17 (Korea Bizwire) – Being a vegetarian might be worse on the environment than previously thought. According to England’s journals ‘The Telegraph’ and ‘The Daily Mail’, lettuce produces three times more greenhouse gases than bacon for the same amount of calories. A research team at Carnegie Mellon University compared the process of producing 1,000 [...]
SEOUL, Feb. 9 (Korea Bizwire) – The city government of Seoul said Monday it plans to reduce greenhouse gas emissions by 10 million metric tons over the next five years as part of efforts to help fight global warming. The pledge to be implemented by 2020 will be announced during the triennial plenary meeting of the [...]
DANGJIN, Korea, Jan. 16 (Korea Bizwire) – Amid the full-fledged trading of greenhouse gas emission quotas and the increased awareness of the importance of CO2 emission reduction, Hyundai Steel gained attention after receiving international recognition for its efforts to reduce emissions. South Korea’s second largest steel mill announced on January 15 that it won an international certification [...]
SEOUL, Jan. 5 (Korea Bizwire) – South Korea will open a carbon trading system next week after years of delay, but the road ahead remains bumpy due to resistance from the business community and weak confidence in the nascent program. The Korea Exchange (KRX), the nation’s main bourse operator, will begin the cap-and-trade system on [...]
SEOUL, July 16 (Korea Bizwire) – Five months ahead of the upcoming implementation of the greenhouse gas cap-and-trade scheme, business interest groups demanded the government to postpone the implementation time scheduled to begin in January next year. Korea’s 23 economic interest groups including the Federation of Korean Industries and the Korea Chamber of Commerce & industry held on July [...]