Brokerage firms will soon be allowed to participate in carbon trading and freely sell and buy the emission permits on the Korean Exchange, the Ministry of Environment announced Wednesday.
Lotte Chemical will spend 4.4 trillion won ($3.8 billion) on hydrogen-related businesses by 2030, the company announced Tuesday.
Oil refiners, typically one of the industries with the highest carbon emissions, are ramping up their efforts to go green.
According to 7-Eleven, its plastic bags only take 180 days to decompose in landfills. They will be used in all of its branches across the country starting in mid-July and will cost 100 won (9 cents).
LG Chem released a set of pledges Monday with the goal of realizing “carbon neutral growth” through 2050. This means LG will push efforts to offset the increase of carbon emission as the business grows.