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THE INVESTOR] The government will update the country’s emissions trading system to allocate more permits to industries that claim shortage, Vice Minister of Trade, Industry and Energy Woo Tae-hee said on July 18.
“(The Energy Ministry) will work with the Ministry of Strategy and Finance, and related ministries to improve the system,” Woo said.
(123rf)
“In the mid- to long-term, a support system will be established to encourage the industry to reduce emissions, and improve the system so that (corporations) will expand emission-cutting efforts.”
Since emissions trading was introduced in January 2015, a number of sectors, including semiconductor and petrochemicals industries, have criticized the system saying that they were given too little credit.
The critics have also voiced views that emission-cutting measures taken before emission trading was introduced must be recognized.
By Choi He-suk (
cheesuk@heraldcorp.com)