Fertilizer already existing amount of reactive nitrogen, nitrous oxide (NO) has become the third most important greenhouse gas after carbon dioxide and methane. It has a global warming potential 296 times larger than an equal mass of carbon dioxide and it also contributes to stratospheric ozone depletion. By changing processes and procedures, it is possible to mitigate some, but not all, of these effects on anthropogenic climate change. Methane emissions from crop fields (notably rice paddy fields) are increased by the application of ammonium-based fertilizers. These emissions contribute to global climate change as methane is a potent greenhouse gas. In Europe
Emissions Trading Scheme in South Korea in the scheme: Carbon Dioxide, Methane, Nitrous Oxide, Hydrofluorocarbons, Perfluorocarbons, and Sulfur hexafluoride. More than 525 business entities are subject to the ETS with specific emission targets set for each sectors. Similar to that of the European Union, South Korea has divided its emissions trading scheme into three phases. With differing time spans and targets within each phase. The country is currently in its first phase which started in 2015 and lasts until 2017. The second phase occupies a 3-year-span from 2018 to 2020 and the final third phase is from 2021 to 2025. During Phase 1 all permits will