South Korea to launch emissions scheme
A ministry official said trading mainly among local municipalities will be done online next year, and from 2011 at Korea Exchange, the country's bourse.
The ministry has not yet decided its price for emissions per ton, she said.
A statement released from the ministry said the scheme will provide a base for the country's voluntary 2020 emissions reduction target. South Korea has pledged to cut emissions by 30 percent from its forecast under a "business as usual" scenario.
"The scheme is designed to meet the country's mid-term emission reduction target and connect with international carbon markets," the statement said.
South Korea, one of the world's fastest growing polluters, said in August it hopes to become Asia's trading hub for carbon emission certificates and related products under its plan for a new carbon exchange from 2011.
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National Energy Board hears oral traditional evidence over Manitoba-Minnesota transmission line
WINNIPEG - Concerned Indigenous groups asked the National Energy Board this week to take into consideration existing and future impacts and treaty rights when considering whether to OK a new hydro transmission line between Manitoba and Minnesota.
Friday was the last day of the oral traditional evidence hearings in Winnipeg on Manitoba Hydro's Manitoba-Minnesota Transmission project.
The international project will connect Manitoba Hydro's Bipole III transmission line to Minnesota and increase the province's electricity export capacity to 3185 MW from 2300 MW.
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During the hearings Indigenous groups brought forward concerns and evidence of environmental degradation and restricted access to traditional lands.
Ramona Neckoway, a…
