Analysis North Korea hopes to make $5.5 million from carbon credit schemeSix hydro and two natural gas plants planned as part of emission reductions scheme North Korea is looking to generate over $5 million a year by selling Certified Emission Reductions (CERs) in the UN’s carbon market, documents from the United Nations Framework Convention on Climate Change (UNFCCC), and a report from the Hyundai Research Institute show. The paperwork provided to the UN organisation lays out the DPRK’s plans for eight projects, consisting of six hydro power plants and two plants fired by recaptured methane gas from coal mines. The clean energy projects are intended to offset other more polluting kinds of power generation, and can be monetised using © Korea Risk Group. All rights reserved. |