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South Korea: carbon emission quota increased

27 January 2017, Published under Cement News

On 24 January the South Korean government increased the carbon emissions quota by 1700t to 539Mt and added 51Mt to emission rights in view of companies’ efforts for greenhouse gas reduction prior to the implementation of emissions trading. Community energy suppliers and cement manufacturers are expected to benefit from the adjustment, with the price/t of carbon emission rights recently tripling from a year ago to KRW20,850 (US$17.75) in the Korea Exchange. T he government also voted fo...