November 11, 2016
South Korea eyeing Paris GHG goal shift that would make it world’s top carbon credit buyer
- Carbon Pulse

Some Korean observers questioned why the government should carry the burden of paying for the offsets. 

Joo-jin Kim: “This is a big problem, because the additional 11.3% commitment eventually comes from new coal additions, and thus the new coal power plants should pay for it and not taxpayers,” Kim pointed to analysis by Thomson Reuters Point Carbon showing that a shortfall of 95 million tonnes of CO2 emissions in 2030 compared to South Korea’s target will be created by plans to construct 20 new coal-fired power plants by 2022 – an amount almost identical to the government’s current 2030 single-year offset demand estimate.


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