27 Dec '11, 2pm

Renewable Energy Recap: South Korea

Renewable Energy Recap: South Korea

Since 2003, global consultancy Ernst & Young has released its Country Attractiveness Indices, which gives a numerical ranking to 30 global renewable energy markets by scoring renewable energy investment strategies and resource availability. The indices are updated on a quarterly basis and the most recent report can be found here . Here is the firm’s assessment of South Korea. Policy In a bid to reduce carbon emissions and boost investment in renewable energy, the South Korean Government expects, by December, to pass its proposed emission trading scheme (ETS) bill, which it claims has the backing of both the ruling and opposition parties. South Korea has pledged a 30% reduction in emissions from expected levels by 2020 and, if the legislation is passed, will become the third Asia Pacific country to tax polluters after Australia and New Zealand. Thus far, incentives have pri...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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