LH Secures 21,000 Tons of Carbon Emission Permits... The Only One in Korea

[Asia Economy Reporter Moon Jiwon] Korea Land and Housing Corporation (LH) announced on the 5th that it has secured approximately 21,000 tons of carbon emission credits from the United Nations (UN), the only domestic entity to do so, through the installation of solar power generation facilities in existing buildings such as rental housing.

Carbon emission credits are rights to emit six major greenhouse gases, including carbon dioxide, for a certain period. To secure emission credits, a carbon reduction project must be registered with the UN and undergo monitoring and verification according to international procedures.

Since 2009, LH has made efforts such as distributing solar power generation facilities in public rental housing, and in 2016, it became the first in the country to secure 9,000 tons of carbon emission credits in the building sector.

After continuously expanding the facilities, LH recently secured an additional 21,000 tons of carbon emission credits through UN verification for a 12.6MW scale across 149 complexes nationwide.

LH plans to convert the secured emission credits into domestic credits through the government's certification process.

Han Byung-hong, head of LH Smart City Headquarters, stated, "This emission credit acquisition demonstrates the success of LH's renewable energy projects so far," and emphasized, "We will continue to strengthen sustainable housing and energy welfare and actively implement the government's Green New Deal policy."

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