They want to cut energy usage. However, no information as of yet if they will introduce dynamic pricing to make this happen. All that is known is that electricity is too cheap in South Korea, not even covering generation costs. It seems to me that that dynamic pricing on electricity will be introduced first in Asia.

One more interesting bit from the article: "South Korea, the world’s biggest producer of ships, televisions and computer memory chips, plans to legislate a cap- and-trade carbon trading system."

14 Mar 2012 - 7:10
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