The Korea Emissions Trading Scheme: Challenges and Emerging Opportunities

THE KOREA EMISSIONS TRADING SCHEME

Challenges and Emerging Opportunities

NOVEMBER 2018

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Publication Stock No. TIM189641-2

DOI: http://dx.doi.org/10.22617/TIM189641-2

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Contents

Tables, Figures, and Box

Foreword

There has never been a more critical time than ever for countries to be accelerating their efforts to cut greenhouse gas emissions. Urgent action is needed at a global scale to achieve the Paris Agreement goal to limit temperature rise to less than 2 degrees Celsius (oC), while aspiring to 1.5oC. It is alarming that the collective ambitions under current nationally determined contributions (NDC) are insufficient to meet the goal. The Intergovernmental Panel on