{"id":392,"date":"2023-02-28T09:19:00","date_gmt":"2023-02-28T09:19:00","guid":{"rendered":"https:\/\/ap.pstek.nl\/pstek_wp\/?p=392"},"modified":"2023-03-31T09:20:01","modified_gmt":"2023-03-31T09:20:01","slug":"korea-should-lead-on-international-carbon-trade-policies","status":"publish","type":"post","link":"https:\/\/ap.pstek.nl\/pstek_wp\/2023\/korea-should-lead-on-international-carbon-trade-policies\/","title":{"rendered":"Korea Should Lead on International Carbon Trade Policies"},"content":{"rendered":"\n
Korea has always responded quickly to emerging economic trends, and the European Union’s recent introduction of a carbon import tax (CBAM) is no exception.
The Korean government has started negotiations and announced improvements to the domestic carbon trading system (K-ETS). Korean businesses have announced plans for green technological upgrading.
Meanwhile, the United States is planning a similar tax under its Clean Competition Act.
While a “rapid response” to these measures is important, Korean policymakers should not lose sight of the bigger picture. Korea is well-positioned to shape \u2015 and benefit from \u2015 the emerging “green” economic order and Korea can change its role from “rapid responder” to international policy leader.<\/p>\n\n\n\n