Greenhouse Emissions Capped for Largest Companies in South Korea
A special committee of the National Assembly voted in favor of the legislation against industry opposition.
The bill now goes through its final steps – through the Legislation and Judiciary Committee, and then to the assembly’s plenary session on Feb. 16.
It would be the third cap-and-trade program in the Asia-Pacific region, following Australia and New Zealand.
Starting this year, about 500 of the country’s biggest polluters would face GHG caps in preparation for the 2015 cap-and-trade launch.
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