South Korea Seeks Emission Credits From Efficient Appliances, Vehicles
Developing nations should be able to win tradable emission credits by improving their use of energy efficient appliances or cutting the average carbon intensity of national or regional motor-vehicle fleets, South Korea said.
So-called nationally appropriate mitigation actions may include international programs that award credits when a nation exceeds “success indicators,” the nation said in a submission published yesterday on the website of the United Nations Framework Convention on Climate Change in Bonn.
The rate of issuing credits through success indicators should be lower than the rate for measurable and verifiable greenhouse gas cuts, according to the submission.
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