Along with these goals, Korea also sought to enhance its contribution to developing countries’ attempts to build green growth. And yet in spite of enhanced efforts directed at climate change mitigation, Korea is still working on finding a functional carbon pricing mechanism such as a carbon tax or emissions trading, this in large part due to objections raised by industry and other stakeholders. There has, however, been significant progress in the reduction of GHG emissions from fossil energy use in major sectors such as power generation and transportation. These micro and sector-specific regulations have been effective in many areas.