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Home › South Korea on course to have the world's highest carbon prices

 

South Korea on course to have the world's highest carbon prices

2013-05-14 11:23:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: In a little over 18 months, South Korea will launch a scheme that will cap around 70% of its greenhouse gas emissions. A White Paper published today by research firm Bloomberg New Energy Finance, in cooperation with Ernst & Young, concludes that the design is the most ambitious yet proposed anywhere, and could result in the Korean carbon price reaching the penalty level of $90/tCO2 exceeding that in any other emissions trading system (ETS) in the world. The predicted high prices in the Korean...

Tags: south prices highest korea

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