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Economy

South Korea's green initiative meets resistance

SEOUL -- South Korea is making sweeping efforts to reduce greenhouse gas emissions by 30% before 2020. In January, it launched Asia's first nationwide carbon emissions trading scheme.

   The start of the world's second-largest cap-and-trade system, after the European Union's program, created a lot of excitement around the world. Locally, however, complaints are mounting about the lack of trading and the government's top-down approach. Critics question whether the country can possibly meet its ambitious reduction target.

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