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Official name of scheme

Korea Emissions Trading Scheme

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; Benchmarking) and auctioning
Offsets and credits
Domestic and international
Cap
547.9 MtCO2e (2024)
GHGs covered
CO2, CH4, N2O, HFCs, PFCs, SF6
Average auction price
KRW 10,672 (USD 8.17)
Average secondary market price
KRW 9,999 (USD 7.66)
Total revenue since beginning
KRW 1,176.75 billion (USD 901.14 million)
Total revenue
KRW 84.18 billion (USD 64.4 million)

General Information

Emissions & Targets

Size & Phases

Allowance Allocation & Revenue

Flexibility & Linking

Compliance

Market Regulation

Other Information