Fiscal

South Korea: Reduction of Methane from Agriculture

The government aims to improve planting and irrigation in order to reduce the emission of methane from agricultural areas. It helps develop technologies for measuring and reducing the amount of methane emitted from rice paddies and livestock management, encouraging cultivating patterns, water management, improving livestock manure treatment facilities and other changes that reduce methane emissions. It also provides information on fertilization and nitrous oxide reduction.

South Korea: Traffic Demand Management Policy

The Traffic Management Policy includes measures such as an automobile numbering program, commuting bus operation, variation in commuting hours and reducing ‘traffic inducement charges’ for companies implementing Traffic Demand Management. Furthermore, chronic traffic congestion areas are being designated as traffic congestion special management zones, and improvements in signaling, marking, traffic and parking lot use are being made.

South Korea: Development of Diesel Cars

The government is offering research and financial support for the development of diesel fueled vehicles as they emit approximately 20% less GHG than gasoline fueled vehicles.  It promotes technological development for post-treatment technology, diesel engine filters and catalysts.


Status: In Force; Voluntary

References: National Communication to the UNFCCC

 

South Korea: Promotion of Compact Cars

To promote the use of compact cars, the government offers reduced or waived vehicle tax, and discounts on expressway tolls, public parking and other driving facilities.


Status: In Force; Voluntary

 

South Korea: Green Building Certification Program

The government issues certification for buildings that have the capacity to improve environmental performance and reduce energy consumption/GHG emissions.  Certification is valid for 5 years, at which time an extension may be granted.  However all building certifications must be renewed after 10 years.


Status: In Force; Mandatory

South Korea: Energy Efficiency Standards and Labeling for Buildings

Under this program, newly built or repaired multi-dwelling units are classified (grades 1-3) according to their use of energy conservation equipment and materials. Buildings that rate above a certain standard are awarded a Certificate of Building Energy Efficiency and can qualify for low interest loans for the construction.


Status: In Force; Voluntary

South Korea: Promotion Act for New & Renewable Energy Development, Utilization & Dissemination + Formation of Market Demand for Renewable Energy and Improvement in its Economics (Alternative Energy Act)

South Korea: High Efficiency Appliance/Equipment Certification Program

South Korea: Energy Service Companies

Promote the expansion of the existing ESCOs with aggressive governmental financial support and incentives.   ESCOs invest in energy utilizing facilities if it is unable to replace or improve existing facilities with more energy efficient ones. ESCOs finance the necessary projects and are reimbursed with the money saved from future energy cost reductions. The reimbursement of ESCOs’ investment is made by money saved with future energy cost reductions. 

South Korea: Rational Energy Use Act