South Korea enacts its cap and trade market

The world’s seventh carbon emitter started earlier this month the second biggest cap and trade program. As we have seen previously, South Korea is willing to cut its emissions by 30 percent by 2020. This cap-and-trade programm will enable it to do so.

South Korea to increase its climate efforts

To several sources including TreeHugger and The Energy Collective, South Korea is about to ”  create the world’s most ambitious cap and trade market, with the highest global price on carbon. “ The launch will take place in 2015. This initiative will cover 70 percent of the nation’s emissions and will charge no less than… Continue reading South Korea to increase its climate efforts

European carbon market crashes

Here we go again ! For the second time in two weeks, I submitted another post to Cleantechies. This time I wrote about how a key European climate initiative got a major setback. Without further ado, here is the introduction : ” For a long time the European Union has been leading against climate change.… Continue reading European carbon market crashes

The European Cap and Trade system works fine

To a new study presented by a US non-governmental organization, the European cap and trade system – called Emission Trading System or ETS – seems to finally work after a much difficult start. To TreeHugger: The trading system has created a healthy carbon market now worth 56 billion US dollars, and (…) has been responsible… Continue reading The European Cap and Trade system works fine