South Korea’s Biggest Polluters Made Millions From Carbon Sales ...Middle East

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South Korea’s Biggest Polluters Made Millions From Carbon Sales
(Bloomberg) — South Korea’s most-polluting companies have made 475 billion won ($357 million) from selling unused carbon emissions permits in the first eight years of the nation’s program, according to an activist group.  HT Image The 10 biggest emitters sold almost 22 million tons of excess credits from 2015 through 2022, according to Plan 1.5, a Seoul-based climate advocacy group. The nation’s cap-and-trade system, which covers almost 700 companies, had a surplus of 39.2 million tons in 2021 and 2022 combined, the group said in an analysis. That’s equivalent to about 6% of Korea’s total emissions in 2022.  Hindustan Times – your fastest source for breaking news! Read now. South Ko

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