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Domestic GHG Verification

Korean Emissions Trading System (ETS)

A system in which large-scale GHG emitting businesses are allocated emission allowances and fulfill their reduction obligations directly and through market mechanisms.

GHG Energy Target Management System (TMS)

A system that establishes goals for GHG reduction, energy saving, and energy use efficiency in large-scale businesses on the basis of the Framework Act on Low Carbon, Green Growth and the Enforcement Decree of the Act through consultation between the management company and the government, and manages the implementation through incentives and penalty systems.