Korea Exchange Holds Seminar on the 4th Emissions Trading Scheme

On May 21, the Korea Exchange held a seminar titled "The 4th Emissions Trading Scheme: How Should We Prepare?" in collaboration with the Emissions Market Council.

This seminar was organized to provide an opportunity for active exchange of opinions among the government, academia, and industry, especially as an increase in the proportion of paid allocation has been announced. The Korean government is required to establish an emissions allowance allocation plan by June for the 4th Emissions Trading Scheme (2026-2030), including the total emissions cap, allocation criteria, and the proportion of paid allocation.

Korea Exchange, Yeouido, Seoul. Photo by Jinhyung Kang aymsdream@

The event began with opening remarks from Lee Younggi, Chairman of the Emissions Market Council (Korea South-East Power). This was followed by a presentation from Kim Maru, Director of the Climate Economy Division at the Ministry of Environment, on the topic "Measures to Activate the Emissions Trading Scheme for Achieving the NDC (Nationally Determined Contribution submitted to the UNFCCC under the Paris Agreement)."

In the subsequent panel discussion, experts from various sectors related to the emissions market discussed the government's allocation plan for the 4th planning period and measures to vitalize the emissions trading market. The discussion was chaired by Yoo Seungjik, Professor at Sookmyung Women's University, and included Ahn Younghwan, Chair of the Climate Change Policy Subcommittee of the Carbon Neutrality and Green Growth Commission; Kim Yonggeon, Professor at Yonsei University Graduate School of International Studies; Yoon Yeochang, Research Fellow at the Korea Development Institute; Lee Sangjun, Professor at Seoul National University of Science and Technology; Nam Jeongim, Director at the Korea Iron and Steel Association; and Ahn Gukhun, Director at the Korea Petroleum Association.

The Emissions Market Council was established in April 2018 to support greenhouse gas reduction through the emissions trading scheme and to contribute to the development of the emissions market through mutual exchange between market participants and policy authorities. In July 2019, it was officially approved as a corporation under the Ministry of Environment.