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South Korea carbon market to go ahead as planned

2014-08-14 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: South Korea decided on Thursday that its carbon trading market will go ahead as planned on Jan. 1 of next year, despite the finance minister's calls last month for it to be delayed. South Korea's scheme - the government's key policy to meet its targets of cutting greenhouse gas emissions in 2020 to 30 percent below business-as-usual levels - will be the world's second biggest carbon market when it launches. As proposed, the scheme will cap greenhouse gas emissions from over 400 of the country's...

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