1. Introduction to the businesses
  2. Energy saving in buildings
  3. Countermeasures 
against climate change
    1. Analyses of greenhouse gas statistics
    2. Korea Voluntary Emission Reduction program (KVER)
    3. CDM
    4. Domestic Emission Trading Pilot Project
    5. Carbon Cashbag
    6. Carbon Neutral Pogram
    7. International cooperation on energy efficiency
  4. Energy saving 
in transportation
  5. New? renewable 
energy
  6. Inspection of heat-using machines and equipment
  7. Energy Audit
  8. Energy Service Company (ESCO)
  9. Support in the form of funds and tax incentives
  10. Integrated Energy Supply (IES)
  11. Consultation for Energy Use plan
  12. Efficiency management system
  13. bottom
HOME >INTRODUCTION TO THE BUSINESSES> Countermeasures against climate change > CDM
CDM
CDM project
This project seeks to analyze the feasibility of utilizing clean development mechanism (CDM) projects in Korea and provide related information efficiently so that the foundation for responding to the Kyoto mechanism can be laid down for the industrial world and activate domestic greenhouse gas reduction projects.
Project Development Planning Government Approval Project Checking and Registration Monitoring Verification and Certification CER Issuance Project Participant National CDM Approval Organization (DNA) DOE(A) Project Participant DOE(B) EB EB Project plan Preparation and disclosure of feasibility check report (DOE) Monitoring report Verification report (DOE) Official project registration request (DOE) Verification report disclosure CERs Business Registration Monitoring report (business) Certification report (DOE) -CER issuance request
CDM project procedure
As of the end of December 2008, a total of 1,293 CDM projects were approved by the CDM execution committee, and 240,047,000 CERs were issued annually; a total of 1,414,739,000 CERs are expected to be issued by 2012. Our country has 21 CDM projects registered with UNFCCC.
  1. Carbon fund formation and operation
    1. - established the first carbon fund amounting to KRW 105 billion in Korea (‘07.8)
    2. - invested the fund in 1Mw photovoltaic power generation projects in Boseong and Changnyeong (’08.08)
    3. - completed the China biomass project on-site (’09.02)
    4. - created opportunity to activate investments in domestic/overseas greenhouse gas reduction projects and consulting
  2. Carbon fund structure diagram
Division Carbon Fund Carbon Emission Allowance Fund
(Korea Credit Fund)
Fund name Korean Private Equity Special Carbon Asset 1st investment company Korean Private Equity Special Carbon Emission Allowance Asset 1st investment company
Purpose To generate profits To collect carbon emission allowances (in pursuit of public good)
Size formed KRW 76 billion (Capital Call)1) KRW 29 billion (Capital Call)
Date of establishment of fund August 20, 2007 September 28, 2007
Fund type Private equity fund (30 or less persons) Private equity fund (30 or less persons)
Subject of investment Domestic/Overseas greenhouse gas reduction project (CDM project) Domestic/Overseas carbon emission allowance
Investment method Blind method2) Blind method
  1. Provided conferences for CDM project-related information exchanges
    1. - held international carbon market workshop (‘07.4)
    2. - workshop to create domestic carbon markets (‘07.12)
    3. - seminar on international carbon market trends (’08.2)
    4. - seminar on methods of securing and trading domestic/overseas carbon emission allowances (’09.2)
    5. - international symposium on the activation of carbon markets in the East Asian region (’09.2)
      1. ※ Refer to the data room at the website of the climate countermeasure office.
  2. Current status of CDM project registration
    1. - Refer to “newsletter” on the main screen of the climate countermeasure office.