A global carbon emissions watchdog called for the Korean government to go ahead with its plan to introduce a cap and trade system in 2015, despite opposition from businesses and a deepening gloom over the market.
Yang Choon-seung, vice chairman of Carbon Disclosure Project Korea, said the government should step up proactive efforts for the development of the burgeoning market in which permits to emit carbon are given to firms and can be traded among them.
“If we don’t even try to implement the carbon cap-and-trade system, firms and even the entire nation will lose a learning opportunity as well as competitiveness in the world’s carbon market,” he said in an interview with The Korea Herald.
He leads the Korean branch of the international nonprofit organization that discloses carbon emissions information about companies.
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