Carbon pricing gets bipartisan Korean tick

South Korea has passed legislation to introduce an emissions trading scheme in 2015. And unlike the US and Australia, it has received bipartisan support.

South Korea's lawmakers approved a national emissions trading scheme on Wednesday to tackle its growing greenhouse gas emissions, overcoming strong industry opposition and joining a growing number of nations to put a price on carbon.

Of the 151 lawmakers who voted, 148 approved the scheme, underscoring bipartisan support for a cap on carbon emissions, in stark contrast with the United States and Australia where emissions trading has been deeply divisive.

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