Annex F. Korea's Emission Trading System for NOx and SOx (Taxation, Innovation and the Environment)

This case study explores Korea's policies towards NOx and SOx emissions. A capand-trade system was implemented in 2008 and was expanded the following year. Although too early to investigate the environmental and innovation impacts, this instrument builds on previous policies targeted towards the same pollutants. These policies bought about increased patenting but mainly in end-of-pipe technologies.
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