Monday, March 07, 2011

South Korea To Price Pollution

South Korea, Asia's 4th largest economy, has announced it will start carbon emission trading in 2015. This is in addition to South Korea’s $27.8 billion clean energy stimulus package, and their five-year plan to spend $36 billion developing renewable energy as its next economic growth engine.

All in all, it's yet another reason to be comfortable about pricing pollution. It's not as if we're the only country doing this - despite what some low-integrity politicians might say.

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