South Korea To Launch First Carbon Trading Company

With all of the talk of offsetting carbon credits lately, private companies in other nations are starting to catch on. South Korea is the next nation to get its first carbon trading company to trade offset credits, or CERs, and deal with other private companies to invest in greenhouse gas reduction projects, and other environmental efforts. Korea Carbon Finance is going to open with roughly $4 million in capital, but the Clean Development Mechanism market is actually worth $13 billion worldwide, thanks to the Kyoto Protocol. Even more surprising is that The Clean Development Mechanism market in South Korea is the fourth largest in the world, following China, India and Brazil. Now might be a great time to look into CDM in other nations, too.