In a sign the South Korean government may be caving in to pressure from industries complaining about the added costs of climate control efforts, responsibility for the country's year-old carbon trading scheme is being handed from the environment ministry to the pro-business strategy and finance ministry. As part of a broader policy rethink, Seoul also plans to set longer term climate goals, implying it may want to delay decisions that may be economically painful in the short term, even though that might jeopardize decarbonization efforts.
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