The step-wise evolution of the GHG and Energy Target Management System (TMS) of the Republic of Korea, launched in 2010, has grown to cover 840 industrial installations, otherwise known as controlled entities (CEs). In 2013, the TMS instituted a web-based GHG Management System (NGMS) based on a common reporting framework that includes provisions for built-in verification, independent third party verification, public disclosure of data submitted by CEs and generation of time series analysis and reports.
The reporting system follows a robust annual work cycle beginning with the designation of the CEs, target setting, submission of implementation plans, verification of implementation plans and implementation reporting. The annual cycle not only facilitates monitoring, reporting and verification (MRV) and continuous expansion of coverage, but also supports the preparations of national communications and biennial update reports (BURs). The National GHG Management System is considered a good practice since it has established a system for regular tracking of GHG emissions from an increasing number of emission points with a quality assurance process through independent expert verification, which enhances and harmonises the updating of GHG inventories and timely reporting to the UNFCCC.