South Korea delayed approving a cap-and-trade system to cut carbon emissions, setting back efforts to regulate factories and power plants in the fastest-growing producer of greenhouse gases among industrial democracies.
The National Assembly’s Legislative and Judiciary Committee put off the vote for at least a month, chairman Woo Yoon Keun told lawmakers today. The bill to establish the third cap-and-trade system in Asia by 2015 will probably be taken up again in April when the assembly reconvenes, he said.
