South Korea - Draft Partial Amendment of the Public Notice on Corporate Average Energy Efficiency Standards, Greenhouse Gas Emission Standards for Motor Vehicles and Application and Management of the Standards Setting CO2 Emissions Performance Standards
South Korea Ministry of Environment announced the draft "Partial Amendment of the Public Notice on Corporate Average Energy Efficiency Standards, Greenhouse Gas Emission Standards for Motor Vehicles and Application and Management of the Standards" Setting CO2 Emissions Performance Standards for new passenger cars and for new light commercial vehicles.
Republic of Korea is proposing to amend the "Public Notice on Corporate Average Energy Efficiency Standards, Greenhouse Gas Emission Standards for Motor Vehicles and Application and Management of the Standards". The main changes proposed are:
1) With regard to Korean's new automobile fuel economy and greenhouse gas emissions regulation (2021~2030), the draft which was made public by the Ministry of Environment Notice No.2020-754 on August 31, 2020, the Ministry of Environment has taken into account improvements in manufacturers' fuel economy and greenhouse gas emissions performance through the development of relevant technologies, and international standards with respect to fuel economy or greenhouse gas emissions in a manner consistent with Article 2.4 of the WTO Agreement on Technical Barriers to Trade.
2) The Regulation sets a fleet target of 97 gCO2/km for passenger cars and a fleet target of 166 gCO2/km for light commercial vehicles in 2021, and the Ministry of Environment maintains these targets until 2022. From 2023 to 2030, the CO2 targets will be strengthening from 95 gCO2/km in 2023 to 70 gCO2/km in 2030 for passenger cars and from 164 gCO2/km in 2023 to 146 gCO2/km in 2030 for light commercial vehicles.
3) The ME will provide three types of flexibility mechanisms, super-credits for ZEVs and Hybrid vehicles, incentives for manual transmission-equipped vehicles, LPG-fueled vehicles and derogations for small volume manufacturers.
4) Articles for trading CO2 credit will be also newly set for small volume manufacturers.
Proposed date of adoption: To be determined
Proposed date of entry into force: To be determined
Final date for comments: October 29, 2020
Source Link:
G/TBT/N/KOR/920