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.
Related News

Shocking scam: fraudster pretending to be from BC Hydro attempts to extort business
VANCOUVER - 'I've gotta give him very high marks for being a good scammer,' says almost-fooled business owner
It's an old scam with a new twist.
Fraudsters pretending to be BC Hydro representatives are threatening to disconnect small business owners' power unless they send in cash cards, prepaid credit cards or even bitcoin right away.
Colin Mackintosh, owner of Trans National Art in Langley, B.C., said he almost was fooled by one such scammer.
It was just before quitting time on Thursday at his shop when he got an unpleasant phone call.
"The phone rings. My partner hands me the phone and this fellow says to me that he's outside, he works with…