Country:Korea
Year:2007
Policy status:Superseded
Jurisdiction:National
Date Effective:2007
Policy Type:Economic Instruments>Market-based instruments>White certificates, Policy Support>Strategic planning
Renewable Energy Policy Targets:Multiple RE Sources, Power
Policy Sector:Framework Policy
Climate Change Policy Targets:Energy Sector, Electricity Generation, Renewable
Renewable Energy Description:

In December 2007, the Korean government announced a package of proposed measures to address climate change to keep the countrys greenhouse gas emissions at 1990 levels. These proposed measures included an emissions trading scheme, a tax on carbon dioxide emisions, expansion of the use of nuclear power and increasing the amount of renewable energy to 5% in 2011 and to 9% by 2030, up from 2.3% in 2007. The government had also previously announced in 2007 that it planned to establish a fund of 200-billion won to invest in greenhouse gas reduction projects eligible to earn credits under Clean Development Mechanism.

Climate Change Description:

In December 2007, the Korean government announced a package of proposed measures to address climate change to keep the countrys greenhouse gas emissions at 1990 levels. These proposed measures included an emissions trading scheme, a tax on carbon dioxide emisions, expansion of the use of nuclear power and increasing the amount of renewable energy to 5% in 2011 and to 9% by 2030, up from 2.3% in 2007. The government had also previously announced in 2007 that it planned to establish a fund of 200-billion won to invest in greenhouse gas reduction projects eligible to earn credits under Clean Development Mechanism.

This record is superseded by:National Energy Master Plan

Last modified: Thu, 14 Mar 2013 11:58:17 CET