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South Korea to expand emissions trading system, introduce futures market by 2025

EditorAmbhini Aishwarya
Published 09/20/2023, 04:49 AM
© Reuters

The South Korean finance ministry has unveiled plans to enhance its emissions trading system in a bid to invigorate the currently underperforming market. Announced on Wednesday, the expansion will permit a wider spectrum of financial firms, including asset managers, to trade pollution allowances. The integration of these additional participants is slated to begin next year.

The ministry is also set to introduce a futures market by 2025, as part of its strategic measures to stabilize the struggling emissions trading market. This new initiative is expected to curb price fluctuations and provide traders with a tool to manage their trading risks more efficiently.

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