|Policy Type:||Economic Instruments>Market-based instruments>White certificates, Policy Support>Strategic planning|
|Policy Target:||Energy Sector>Electricity Generation>Renewable|
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|This record is superseded by:||National Energy Master Plan|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