GHG Emission Reduction Projects > Marine Environment Protection > What We Do > Korea Maritime Transportation Safety Authority

What We Do

We will realize the people's dreams, The safest sea routes in the world

GHG Emission Reduction Projects

What is the GHG Emission Reduction Projects?

A project to reduce, absorb or eliminate emission from discharge facilities or activities outside the boundaries of entities designated for Emission Trading Scheme allocation to levels that comply with international standards.

What is the Greenhouse Gases Emission Trading Offset?

A system where businesses sell KOC(Korean Offset Credit) issued through GHG reduction projects to entities designated for Emission Trading Scheme, and the entities transition the KOC purchased into KCU(Korean Credit Units) so they can be offset or traded within the Emission Trading Scheme.

GHG Emission reduction projects in shipping sector

KOMSA's role

Key tasks

(Develop methodology) There is a need to develop effective methodology, and consigned institutions(KOMSA) pursues methodology development·authority registration & consults methodology development of businesses to activate GHG reduction projects
(Assess GHG reduction projects rationale) Confirm adequacy of applied methodology, adequacy of emission calculation method, and redundant registration with other GHG reduction projects, etc.
* Guideline for GHG reduction projects rationale assessment & reduction certification, Article 13
(Certify emission reduction) Confirm calculation of reduction according to methodology