|Title||GHG Emission Trading System|
- The Emission Trading System has both an output effect in which demand decreases due to price increase because emission sources reflect costs caused by GHG emissions to product costs and a substitution effect in which the amount of GHG emissions decreases as input materials and production technologies that emit less GHG are used.
- The“2030 Reduction Roadmap” for reducing 37% of GHG based on BAU by 2030 has been presented to the Paris Convention in December 2015.
- Korea is a large GHG emitter and its increase rate of emission amount is the highest among OECD countries. The increase of emission amount stands at an annual average of 3.9% that is the highest among OECD countries, which has resulted in an aggressive demand for GHG reduction.
For more information, see the attached file.
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