Changwon City Secures Carbon Emission Rights Worth 1.8 Billion Won ... Exceeds Reduction by 73,631 Tons

Changwon City Hall Exterior View

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Choi Hyun-joo] Changwon City in Gyeongnam announced on the 14th that it has achieved the acquisition of 73,631 tons of carbon emission permits through continuous efforts to reduce greenhouse gases.

The carbon emission trading system is a measure to achieve the national greenhouse gas reduction target, where the government allocates greenhouse gas emission amounts to companies or institutions, restricting them to control emissions within that range, and allows trading of surplus or deficit amounts with other companies.

609 major greenhouse gas emitting sites, accounting for 80.7% of South Korea's greenhouse gas emissions, have been allocated and are complying with the system.

The city has been operating 32 basic environmental facilities such as sewage treatment plants, water purification plants, landfills, and incineration plants, implementing the carbon emission trading system since 2015, and according to the 2019 greenhouse gas emission calculation results, emitted 336,000 tons of greenhouse gases.

As a result, the city reduced 66,591 tons compared to the government allocation in 2019, and combined with the 7,040 tons carried over from 2018, currently holds a total surplus of 73,631 tons of emission permits as of July.

The city plans to carry over 50,000 tons of the surplus 73,631 tons for stable operation in 2020, and sell 23,631 tons within this month to allocate the proceeds to city revenue.

Lee Jeong-geun, Director of the Environmental City Bureau of Changwon City, said, “To create a 2030 Smart Climate Environment City Changwon, we will actively discover and continuously promote greenhouse gas reduction projects to become a city leading climate change.”

This content was produced with the assistance of AI translation services.