|Policy status:||In Force|
|Policy Type:||Economic Instruments>Fiscal/financial incentives>Grants and subsidies|
|Size of Plant Targeted:||Small and Large|
|Climate Change Policy Targets:||Framework/ Multi-sectoral Policy|
|Agency:||Ministry of Trade, Industry and Energy (MOTIE), Korea Energy Agency (KEA)|
|Legal References:||Energy Use Rationalization Act|
|Climate Change Description:|
KVER evaluates GHG emission reduction projects of domestic SMEs and register their expected emission values. KEA verifies and validates the processes and certifies the actual reduction performance during the projects' peration period. The program aims to strengthen SMEs competitiveness and involve them in supporting climate change policy actions by providing technical, financial support.
From 2005 to 2014, 528 projects were registered in the program in areas such as energy recycle using waste heat recovery facilities, power generation by NRE facilities, and energy saving by industrial process innovation. Since 2006, 1,073 projects have passed the verification and alidation and monitoring process for 8 years, and KCERs of approximately 14.82 million tons of CO2eq were issued.
Last modified: Thu, 02 Jun 2016 15:51:58 CEST