South Korea Asks Companies to Cut CO2 Emissions 3% in 2013

South Korea will ask companies to cut greenhouse gas emissions by a combined 17.2 million metric tons next year, equivalent to a 3 percent reduction and twice as much as this year’s target.

The guidelines assume that the 377 companies subject to quotas would emit 570.6 million tons of carbon dioxide next year if there is no program to curb emissions, the Ministry of Knowledge Economy said in an e-mailed statement today. The government has asked companies to reduce emissions by 8 million tons this year.