The Bank of Korea and the Korea Exchange have reached an agreement to carry out a groundbreaking new project. As reported by Odaily, the two entities will collaborate to develop a carbon emissions trading simulation system. This system will rely on distributed ledger technology and will test carbon emissions trading using Central Bank Digital Currency (CBDC).Specific details regarding the experiment are set to be announced by the end of November. The actual experimental trial is projected to occur during the third and fourth quarters of next year. This timely undertaking builds on the increasing momentum worldwide towards environmentally sustainable financial practices.