In 2012, Korea launched the GHG and Energy Target Management System (TMS) for the industrial sector. The reduction through the TMS exceeded its industrial sectoral target for mitigation. In promoting cost-effective measures for mitigation, Korea adopted the Act on the Allocation and Trading of Greenhouse Gas Emission Permits in 2012,
In 2012, Korea launched the GHG and Energy Target Management System (TMS) for the industrial sector. The reduction through the TMS exceeded its industrial sectoral target for mitigation. In promoting cost-effective measures for mitigation, Korea adopted the Act on the Allocation and Trading of Greenhouse Gas Emission Permits in 2012, and launched a nation-wide Emissions Trading Scheme (ETS) in 2015.
GHG and Energy Target Management System (TMS) (2012) GHG and Energy Target Management System (TMS) (2012)
KR
Sectoral Mitigation Policies
M_SecPol2
Information on the existing upstream sectoral policies that the NDC builds on
Existing sectoral policies
Industries
Industries: General
KR
Sectoral Mitigation Policies
M_SecPol2
Information on the existing upstream sectoral policies that the NDC builds on
Existing sectoral policies
Industries
Industries: General