- Since the Kyoto Protocol took effect, Korea has made continuous efforts to combat climate change as a Non-Annex I country by integrating its energy-saving efforts with greenhouse-gas emissions reduction efforts. Recognizing the necessity of taking immediate action on climate change, KEMCO has championed numerous energy-saving initiatives, including the Korea Voluntary Emission Reduction Program (KVER). Launched in October 2005, the KVER is the first GHG emissions reduction program among non-Annex I countries. The objective of the KVER is to support Korean Small and Medium Companies and to build capacity in tackling climate change.
- Application : Companies without reduction obligation
- Reduction amount: more than 100 tCO2 GHG emissions annually
- Project start date: should fall within 1 year from the date of registration request
- Eligible Project :
- GHG reduction projects through improved energy efficiency
- Renewable energy projects
- Other GHG emission-reduction projects approved by the government
- The government also purchases KCERs (1 KCER = 1tCO2 reduction) from certified projects to promote companies participation and to voluntary GHG emissions reduction efforts.
- Purchasing price : variable (About 11 USD / tCO2 in 2012)
- After purchasing the KCERs, the ownership of project credits is transferred to the government.
Status of Projects under KVER
|CO2 reduction (ton)
- Tel. +82-31-260-4526~8
- Fax. +82-31-260-4549
- E-mail. firstname.lastname@example.org, email@example.com, firstname.lastname@example.org