By Jennifer Andreassen
South Korea's new climate law will establish a cap-and-trade system covering about 60 percent of the country's greenhouse gas emissions.
South Korea today became the first country in Asia to pass climate change legislation that limits the country's carbon emissions, joining the host of countries around the world that also have passed climate laws. (Only weeks ago Mexico passed a climate bill that aims to increase renewable energy use, set ambitious goals to curb domestic emissions and establish a high-level climate commission authorized to create a domestic carbon market.)
