Campus carbon neutrality 11, 1997 and put into practice on February 16, 2005. The protocol targets industrialized countries because they are the ones producing most of the greenhouse gases. Specific chemicals that it wants to reduce are carbon dioxide, methane, nitrous oxide, Sulfur hexafluoride, hydrofluorocarbons, and perfluorocarbons. Thirty-seven industrialized countries and parts of Europe have signed and are bound by the agreement. The United States is not one of them. The Kyoto Protocol allots a specific amount of greenhouse gas emissions that each country can produce, however, countries can also trade emissions with other countries, resulting in the cap and trade system. If
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