SEOUL: South Korea is the first Asian country that has introduced a national carbon trading scheme, with prices currently around $10/t – too low to make gas the preferred fuel for power generation.
“To make coal-to-gas displacement economic, the price of carbon would have to rise to $50/ton as this year, the cost of importing thermal coal is at $2.63/mmbtu while LNG spot prices are around $8/mmbtu,” Dr Ho-Mu Lee, research fellow at the Korean Economic Institute told Gas to Power Journal at the sidelines of the WGC2015.
