In 2019, the 3rd Basic Plan for the K-ETS for 2021–2030 was established, setting out ways of ETS operation for the next decade including effective reduction measures, improved allocation methods, enhanced market functions, and linkage and collaboration with international carbon markets for contributing to achieving the 2030 target. The 3rd
In 2019, the 3rd Basic Plan for the K-ETS for 2021–2030 was established, setting out ways of ETS operation for the next decade including effective reduction measures, improved allocation methods, enhanced market functions, and linkage and collaboration with international carbon markets for contributing to achieving the 2030 target. The 3rd Basic Plan for the K-ETS specifies that the updated 2030 target should be considered when setting the emissions cap and allocating tradable permits on a 5-year basis, underlining the role of the ETS for the achievement of the NDC.
3rd Basic Plan for the K-ETS for 2021–2030
KR
Sectoral Mitigation Policies
M_SecPol2
Information on the existing upstream sectoral policies that the NDC builds on
Existing sectoral policies
Economy-wide
Economy-wide: General