Image
korea_clark-gu-axsvncqs6ak-unsplash
Official name of scheme

Korea Emissions Trading Scheme

ETS Status
in force
Jurisdictions
Korea, Republic of
Start of operation (year)
2015
Sectoral coverage
Waste
Domestic Aviation
Buildings
Industry
Power
Allocation
Free Allocation (Grandparenting; Benchmarking) and auctioning
Offsets and credits
Domestic and international
Cap
589 MtCO2e (2022)
GHGs covered
CO2, CH4, N2O, PFCs, HFCs, SF6
Average auction price (2021)
KRW 26,373 (USD 23.06)
Average secondary market price (2021)
KRW 19,709 (USD 17.23)
Total revenue since beginning
KRW 775.5 billion (USD 667.5 million)
Total revenue (2021)
KRW 294.8 billion (USD 257.7 million)

General Information

Emissions & Targets

Size & Phases

Allowance Allocation & Revenue

Flexibility & Linking

Compliance

Market Regulation

Other Information