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South Korea Votes to Set Limits on Greenhouse Gas Emissions

South Korean lawmakers voted to impose greenhouse-gas limits on its large st companies, making it the third Asia-Pacific nation to set targets opposed by industry. A special committee of the National Assembly on climate change vote in favor today of legislation to establish a so- called cap-and-trade system in 2015, according to the assembly’s website. The bill now goes to the country’s Legislation and Judiciary Committee, and then to the assembly’s plenary session on Feb. 16, which would be the last step for the legislation. Read More