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  • Published: Dec 29th, 2010
  • Category: Asia
  • Comments: 4

South Korea To Launch ‘Green Credits’ To Promote Low-carbon Lifestyle


| Sourced From Bernama |

SEOUL, Dec 27 (Bernama) — South Korea will launch an incentive system for people who purchase eco-friendly products or abide by a low-carbon lifestyle as part of next year’s full-fledged campaign to save energy and reduce carbon emissions, Yonhap news agency quoted the Ministry of Environment as saying on Monday.

Reporting its 2011 policy plans to President Lee Myung-bak, the ministry said it will issue green credit chips embedded into credit cards in which cardholders can store low-carbon points whenever they use public transportation or purchase certified green products to encourage people to practice saving energy in their daily lives.

The cards will also reward low-carbon practices, such as riding bicycles and bringing one’s own mug to coffee shops, the ministry said.

The carbon point system has been operated by local governments that give people incentives, such as cash back, gift certificates and free garbage bags (which usually cost a fee) to reward their efforts to protect the environment.

To get closer to general consumers and help them save more points, the ministry will expand the certificate system for eco-friendly products and increase the number of stores that sell certified green products.

The green campaign comes as South Korea plans to voluntarily cut emissions by 4 percent below the 2005 level by 2020, a target corresponding to a 30 percent reduction from “business-as-usual” levels in 2005.

Under the long-term “green growth” plan, the government will also provide tax benefits for electric cars and low-carbon vehicles with emissions below 100 grammes per kilometer to cut emissions and expand the number of electric cars to 1 million units by 2020.

South Korea, Asia’s fourth-largest economy, emitted 594 million tonnes of carbon dioxide in 2005, ranking ninth among member nations of the Organization for Economic Cooperation and Development (OECD), according to the government report.

— BERNAMA

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4 Responses to “South Korea To Launch ‘Green Credits’ To Promote Low-carbon Lifestyle”


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    on Jan 16th, 2011
    @ 11:09 am

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  2. Corea del Sur lanza su programa para recompensar económicamente el estilo de vida ecológico « Resiklan Blog
    on Jan 19th, 2011
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  3. Poker Socker
    on Sep 14th, 2011
    @ 5:04 am

    I have also heard about green cars to cut environmental pollution, most of all they ar ebeing used in major cities… great news from Korea and South Asian Countries!!


  4. Gokhan Casi
    on Oct 24th, 2011
    @ 2:55 pm

    This really is a great idea because air pollution in the asian world is still a big issue. Countries like China and Japan really should follow this example because the air is so polluted at times. We will be paying the price for all this manufacturing and all those cars. We have to be innovative and think of better ways to be responsible.

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