Korea Coal Corporation "Sells 40,000 Tons of Greenhouse Gas Emission Permits... Generates 1.25 Billion Won in Revenue"

[Asia Economy Reporter Kim Bo-kyung] Korea Coal Corporation announced on the 20th that it recently sold 40,000 tons of surplus emission allowances by reducing greenhouse gas emissions. The sale of 40,000 tons in the emission trading market generated approximately 1.25 billion KRW in revenue.

This is the second achievement of generating revenue through greenhouse gas reduction following the sale of 20,000 tons of greenhouse gas emission allowances to Korea South-East Power last year.

In accordance with Article 8 of the Act on Allocation and Trading of Greenhouse Gas Emission Permits, the corporation, as a designated greenhouse gas emission allocation company, has been making efforts to reduce greenhouse gas emissions.

The corporation introduced eco-friendly equipment through the efficiency (ESCO) project, achieving reductions in electricity and boiler (kerosene) usage.

It has promoted efficient management of control monitoring devices and facilities, designated and managed personnel dedicated to greenhouse gas reduction, and made efforts to secure emission allowances.

Yoo Jeong-bae, President of Korea Coal Corporation, stated, "Considering the climate crisis and actively responding to the government's strengthened emission trading reduction targets, we will continue to pursue various efforts to reduce greenhouse gases, such as improving the efficiency of mining equipment."

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