Policy status:Ended
Date Ended:2012
Policy Type:Economic Instruments>Market-based instruments>GHG emissions trading
Climate Change Policy Targets:Framework/ Multi-sectoral Policy
Agency:Ministry of Knowledge Economy, Korea Energy Management Corporation
Funding:Government funding
Climate Change Description:

This pilot scheme aims to provide Korean industries and power sectors with opportunities to accumulate experiences in emissions trading before the start of Korean emissions trading scheme in 2015. The scheme participants perform simulation trading using cyber money instead of cash via a web-based online trading platform. Also, by linking with GHG Emissions Target Management Scheme's MRV system, the pilot scheme evaluates the compliance status of each participant.

Last modified: Wed, 03 May 2017 16:54:30 CEST