Arab Today, arab today biz groups urge government to reconsider capandtrade program
Last Updated : GMT 18:33:13
Arab Today, arab today
Arab Today, arab today

Biz groups urge government to reconsider cap-and-trade program

Arab Today, arab today

Arab Today, arab today Biz groups urge government to reconsider cap-and-trade program

Biz groups urge government to reconsider cap-and-trade program
Seoul - Yonhap

South Korea's large business lobby groups urged the government Sunday to reconsider plans to set quotas for greenhouse gases that a company can release into the atmosphere, claiming such a move will undermine corporate competitiveness.
In a joint statement released by the Federation of Korean Industries (FKI), businessmen said the emissions trading system, announced by the environment ministry last week, puts too much burden on companies and could lead to a maximum 28.4 trillion won (US$27.8 billion) in extra outlays for them in three years.

 

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