Presentation files from the Gwangju Carbon Banking program webinar, April 15, 2014.
In 2008 the city of Gwangju in South Korea signed an agreement to reduce GHG emissions by 10%. Using GHG projections and diagnostic models the city discovered that ousehold and commercial emissions account for nearly 40% of city emissions. As a result, the city focused its attention on engaging consumers at the household evel in emissions reductions through the commercial banking system. The outcome is an innovative carbon banking system that provides financial benefits t consumers and reduces emissions. The system combines best practices in GHG projection, financial incentives, and citizen outreach and education.