A number of Korean companies and government agencies are actively involved in supporting greenhouse gas (GHG) reduction projects overseas, which then result in carbon credits that are transferred to Korea. This process helps Korea meet its own GHG reduction targets, and also promotes sustainable development in other countries.
One example of a Korean company involved in such projects is SK Gas, which has invested in renewable energy projects in Vietnam and the Philippines. Through these projects, SK Gas has accumulated over 500,000 tonnes of carbon credits, which have been transferred to Korea for use in meeting GHG reduction targets.
Another Korean company active in GHG reduction projects overseas is Samsung C&T. The company has invested in wind power projects in India and Pakistan, resulting in the transfer of over 300,000 carbon credits to Korea.
Korean government agencies are also involved in such projects, with the Korea Energy Management Corporation (KEMCO) being one prominent example. KEMCO has supported the development of renewable energy projects in several countries, including Vietnam, Indonesia, and Cambodia. Through these projects, KEMCO has accumulated over 5 million tonnes of carbon credits, which have been transferred to Korea.
The Korean government itself is also involved in promoting GHG reduction projects overseas, with the Korea International Cooperation Agency (KOICA) being the main agency involved. KOICA has supported a range of projects in developing countries, including renewable energy projects and energy efficiency improvements. Through these projects, over 3 million tonnes of carbon credits have been transferred to Korea.
Overall, Korean companies and government agencies are playing an active role in supporting GHG reduction projects overseas and receiving carbon credits in return. This not only helps Korea meet its own GHG reduction targets, but also supports sustainable development in other countries around the world.
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