Former Vice President and Environmentalist Al Gore posted a blog today about the historic climate change legislation that has just been passed in South Korea.
Gore writes, “Joining the European Union, New Zealand, Australia, South Africa, China, and Mexico, the South Korean Parliament has approved a plan to cut industrial carbon pollution in an effort to combat the climate crisis.”
President Lee Myung Bek is seeking support to improve restrictions on factories and power plants. As South Korea is the fastest-growing emitter among industrialized democracies, this is an important step in the right direction.
In his post, Gore went onto highlight some points of the full report on Bloomberg.
“The National Assembly passed a bill to establish a cap-and- trade system in the country by 2015 with the backing of both ruling and opposition parties, according to the assembly’s webcast of the main session today.”
“The bill is needed to cope with global climate change and, domestically to reduce emissions of greenhouse gas efficiently,” Kim Jae Kyung, a member of the ruling New Frontier Party, said in the assembly’s plenary session before voting. The bill was passed in a 148-0 vote, with 3 abstentions.”
After a long battle in parliament, the legislation was approved late Wednesday and makes South Korea one of the first Asian countries to implement a cap-and-trade system.
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