South Korea to expand emissions trading system and introduce futures market by 2025 By Investing.com

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South Korea’s finance ministry has unveiled plans to improve its emissions trading system in a bid to boost the currently underperforming market. The expansion announced Wednesday will allow a wider range of financial firms, including asset managers, to trade in pollutants. The integration of these additional participants is expected to begin next year.

As part of its strategic measures to stabilize the ailing emissions trading market, the ministry also wants to introduce a futures market by 2025. This new initiative aims to curb price fluctuations and provide traders with a tool to manage their trading risks more efficiently.

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