South Korea announces delay the day after Australia’s carbon tax repeal

Story submitted by Eric Worrall

In a sign that rejection of climate alarm is gathering momentum, South Korea has thrown doubt on its carbon plans. Significantly, the announcement was made the day after Australia abolished the carbon tax. According to the report;

“July 18 (Reuters) – South Korea’s finance minister has called its impending emissions trading market “flawed in many ways”, hinting that he would pressure other ministries to delay the planned 2015 launch, a local newspaper reported. Choi Kyung-hwan, who is also deputy prime minister, said problems had been found with the scheme, which is due to start in January, and that the government would review them before deciding whether to delay it, modify it or implement it as planned, The Korea Times reported on Friday.”

http://af.reuters.com/article/commoditiesNews/idAFL6N0PT3CZ20140718

(h/t to WUWT reader Pat)

South Korea’s courageous stand against carbon madness raises hope that Australia’s rejection of carbon pricing will be the domino which topples any chance of global cooperation on CO2

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