Re: [energyresources] South Korea abandons 2020 GHG target, puts ETS in new hands and lifts early action credit cap/bns

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Denis Frith

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Mar 14, 2016, 11:59:46 PM3/14/16
to energyr...@yahoogroups.com, Senescence Of Civilization, Roeoz
An aged Australian billionaire paid for a kidney implant. He had a reputation for follwing the money! The implant was successful but he died four months later simply because he was so old. His money could not fool reality.
The high concentration level of greenhouse gases in the atmosphere and oceans is causing climate disruption and ocean acidifcation and warming. That is the simple reality. Those who do not understand that reality but just follow the money are doing a disservice that future generations will lambast.
Denis Frith
 
 
 
Sent: Tuesday, March 15, 2016 at 6:13 AM
From: "'Gerry Agnew' ga...@telus.net [energyresources]" <energyr...@yahoogroups.com>
To: energyr...@yahoogroups.com
Subject: Re: [energyresources] South Korea abandons 2020 GHG target, puts ETS in new hands and lifts early action credit cap/bns
 

 

And another country backs away from this GW craze as being essentially useless. Who’s next? Informed money speaking louder and louder!
 
Gerry
 
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Sent: Monday, March 14, 2016 4:44 AM
Subject: [energyresources] South Korea abandons 2020 GHG target, puts ETS in new hands and lifts early action credit cap
 
 

 

 
But under the current administration led by President Park Geun-hye, Lee’s green growth strategy has faded into the background and the construction of a number of new coal-fired power plants have sparked concerns about whether the 2020 target can be achieved.
“The introduction of (planned) new coal plants after 2016 will represent a more than 65% increase in coal capacity, compared to Korea’s current levels,” Joo-jin Kim, a lawyer with consultancy ELPS, told Carbon Pulse.
South Korea’s Green Growth Act will be updated and the 2020 target will be replaced with Korea’s Paris pledge to keep 2030 emissions 37% below BAU levels and 2050 ambitions, a government press release said.
In effect, Korea’s emissions can continue to grow as more coal enters the generation mix without any domestic laws being broken.
http://carbon-pulse.com/16177/
 

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Posted by: "Gerry Agnew" <ga...@telus.net>
 
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