Changwon City Achieves Record High by Acquiring Carbon Emission Permits Worth 2 Billion KRW through Carbon Reduction

Successful Greenhouse Gas Reduction Achieves Surplus Emission Allowances of 134,457 Tons Compared to Allocation

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] Changwon City in Gyeongnam announced on the 10th that it achieved the result of securing a total of 134,457 tons of carbon emission permits last year as part of efforts to reduce greenhouse gases.

The greenhouse gas emissions trading system is a system in which the government allocates greenhouse gas emission amounts to companies or institutions, limits them to control emissions within that range, and allows trading of surplus or deficit amounts with other companies.

684 high greenhouse gas emitting sites, accounting for 80.7% of South Korea's greenhouse gas emissions, have been allocated and are currently complying.

The city has been designated as a local government subject to the carbon emissions trading system since 2015 and has been implementing it.

Thirty-two environmental basic facilities such as sewage treatment plants, water purification plants, landfills, and incinerators are the target facilities.

So far, efforts have been made to reduce greenhouse gases compared to the allocated amount by installing and operating landfill gas power generation facilities and recovering biogas from anaerobic digesters.

As a result, last year, 84,457 tons were reduced compared to the government allocation of 42,521 tons.

Combined with the 50,000 tons carried over from 2019, a total of 134,457 tons of surplus emission permits were obtained. This amounts to 2 billion KRW at the current market price (15,000 KRW per ton).

The city plans to carry over 36,722 tons of surplus emission permits for stable operation this year and complete the sale of 97,735 tons within this month to allocate it as city revenue.

Mayor Heo Seong-mu said, "We will actively implement the carbon emissions trading system by additionally installing various carbon reduction facilities and do our best to realize carbon neutrality in Changwon by 2050."

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