South Korea to Offer Firms Incentives to Cut Emissions

South Korea plans to offer financial incentives to local companies to encourage them to put more resources into cutting greenhouse gas emissions, the budget and energy ministries said on Sunday.

The government would start offering financial incentives from next year to companies that cut emissions of carbon dioxide (CO2) and other greenhouse gases by more than 160 tonnes of oil equivalent (TOE) a year, they said in a joint statement .
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