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policy instrument · 2 December 2024
S Korea GHG Removal Subsidies under ETS
Jurisdiction countrySouth Korea
Instrument typegrant-rd
Authoritygovernment
Scopecarbon removal only
Statusoperational
DetailSouth Korea has invited carbon dioxide removal companies to apply for up to KRW107.9 billion ($77 million) in state subsidies under the K-ETS (Korean Emissions Trading Scheme).
Monetary noteUp to KRW107.9 billion ($77 million) in state subsidies
Stated statusoperational
Pathway scopeall-cdr
Pathway noteinvites carbon dioxide removal companies generally to apply for subsidies, without naming specific pathways
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