Compare ETS

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Official name of scheme

Korea Emissions Trading System (K-ETS)

ETS Status
in force
Jurisdictions
Korea, Republic of
Start of operation (year)
2015
Sectoral coverage
Maritime
Waste
Domestic Aviation
Transport
Buildings
Industry
Power
Allocation
Free Allocation (Grandparenting; Fixed Benchmarking), Auctioning
Offsets and credits
Domestic and international offset credits are allowed with quantitative limits
Cap
567.1 MtCO2e (2024)
GHGs covered
CO2, CH4, N2O, HFCs, PFCs, SF6
Average auction price
KRW 10,355 (USD 7.60)
Average secondary market price
KRW 9,238 (USD 6.78)
Total revenue since beginning
KRW 1.4 trillion (USD 1 billion)
Total revenue
KRW 185.9 billion (USD 136.4 million)

General Information

Emissions & Targets

Size & Phases

Allowance Allocation & Revenue

Flexibility & Linking

Compliance

Market Regulation

Other Information