Print PDF

Korean Emission Trading Scheme Bill Passed

Long awaited Korean Emission Trading Scheme Bill has been passed in the Korean Parliament on 2 May 2012. The bill sets out the starting date of the scheme which is 1 January 2015.

The scheme covers more than 500 companies with GHG emissions over 125,000 tonne per year which covers most of the nation's heavy industry sector such as Power, Steel, Cement, Petrochemical, Electronics and CIPs manufacturing.

The bill sets out most of the important aspect of cap and trading scheme although details of the scheme such as allocation of free permits or offsetting methodology will be decided by the subordinate regulation in 6 months time. The bill allows international linkage with other trading scheme such as EU ETS or Australian scheme.

 

 

ALBI's Three-Year Plan

ALBI is an alliance of Indonesian businesses that are focused on the benefits of low carbon development across many sectors, not just those related to the environment. The Alliance’s objective over the next three years is to grow its membership and ensure a fully cross sectoral and authoritative voice for all businesses in Indonesia, thereby enabling a policy vision to grow and adapt to change.

Latest News

Sector Challenge Films

Each ALBI sector group has produced a selection of films that illustrate the complex green economy challenges facing them. 


Representatives from different parts of the travel and tourism sector explain the challenges of going low carbon.
Viewed : 918 times