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Emissions_Trading_Scheme_in_South_Korea entered the ranking for the first time today at position #. This is its highest position ever recorded.
This topic has appeared in the English Wikipedia rankings 1 time. It first appeared on 2026-08-26 and was most recently seen on 2026-08-26.
South Korea's Emissions Trading Scheme (KETS) is the second largest in scale after the European Union Emission Trading Scheme and was launched on January 1, 2015. South Korea is the second country in Asia to initiate a nationwide carbon market after Kazakhstan. Complying to the country's pledge made at the Copenhagen Accord of 2009, the South Korean government aims to reduce its greenhouse gas (GHG) emissions by 30% below its business as usual scenario by 2020. They have officially employed the cap-and-trade system and the operation applies to over 525 companies which are accountable for approximately 68% of the nation's GHG output. The operation is divided up into three periods. The first and second phases consist of three years each, 2015 to 2017 and 2018 to 2020. The final phase was spread out over the next five years from 2021 to 2025.
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