March 22, 2017
South Korea loosens ETS rules to ease supply squeeze, reaffirms foreign offset use -sources
- Carbon Pulse

In an effort to ease bottlenecked supply in Korea’s carbon market, the country’s Cabinet has changed rules for when regulators can release extra CO2 allowances from the market stability reserve, three sources familiar with the situation told Carbon Pulse on Wednesday.

Joo-jin Kim: “Whether or not the participation of Korean companies, in already existing foreign projects by for example purchasing equity in relevant project companies, will be considered as a project which a ‘Korean company directly performed’ will be defined in subsequent regulations,”