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South Korea loosens ETS rules to ease supply squeeze, reaffirms foreign offset use -sources

Published 12:38 on March 22, 2017  /  Last updated at 19:03 on March 22, 2017  /  Asia Pacific, Kyoto Mechanisms, South Korea  /  No Comments

In an effort to ease bottlenecked supply in Korea’s carbon market, the country’s Cabinet has changed rules for when regulators can release extra CO2 allowances from the market stability reserve, three sources familiar with the situation told Carbon Pulse on Wednesday.

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Don’t link carbon markets, policymakers are told

Published 01:37 on March 22, 2017  /  Last updated at 17:15 on March 22, 2017  /  Americas, Asia Pacific, Canada, China, Climate Talks, EMEA, International, US  /  No Comments

Linking carbon markets increases volatility and makes it less likely that they achieve emission reductions, an article in the journal Nature argued, proposing instead that policymakers “keep it simple” on carbon pricing.

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Analysts predict Australia must pay higher prices for offsets as interest wanes

Published 09:42 on March 21, 2017  /  Last updated at 16:52 on March 21, 2017  /  Asia Pacific, Australia  /  No Comments

The low interest in signing up for next month’s Emissions Reduction Fund (ERF) auction means the Australian government is likely to have to pay higher prices for emission reduction contracts, analysts Reputex said.

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NZ Market: New Zealand carbon falls 4% to extend losses as buyers wait

Published 09:37 on March 21, 2017  /  Last updated at 11:56 on March 21, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances have continued their decline over the past week and are threatening to drop into the NZ$16s as well-stocked emitters see little reason to push up prices with significant policy changes potentially around the corner.

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OECD proposes New Zealand ETS reforms to boost carbon price

Published 09:22 on March 21, 2017  /  Last updated at 11:39 on March 21, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand should bring agriculture into its emissions trading scheme and reform the market to make it more efficient in halting the country’s rising greenhouse gas output, the OECD said Tuesday.

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Rich nation carbon price must reach $190/t without CO2-sucking -IRENA/IEA

Published 13:08 on March 20, 2017  /  Last updated at 13:08 on March 20, 2017  /  Americas, Asia Pacific, Climate Talks, EMEA, International  /  No Comments

Carbon prices must reach $190/tonne by 2050 in all developed countries in order to meet the Paris Agreement goal of staying well below 2C without resorting to negative CO2 technologies, according to a report by international agencies IEA/IRENA and commissioned by Germany.

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New Zealand needs much higher CO2 price to go carbon neutral -report

Published 13:01 on March 20, 2017  /  Last updated at 21:53 on March 20, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon prices might have to increase six-fold by 2050 if the country is to achieve carbon neutrality, a report said Tuesday.

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Economist Stiglitz tells Japan to go for carbon tax

Published 11:32 on March 20, 2017  /  Last updated at 11:32 on March 20, 2017  /  Asia Pacific, Carbon Taxes, Japan  /  No Comments

Taxing CO2 emissions would be the most efficient way for Japan to cut its contribution to climate change and simultaneously stimulate its economy, renowned American economist Joseph Stiglitz said in Tokyo.

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Taiwan approves climate action guidelines

Published 10:07 on March 20, 2017  /  Last updated at 12:31 on March 20, 2017  /  Asia Pacific, Other APAC  /  No Comments

The Taiwanese government has approved a set of climate change action guidelines that will kickstart the development of detailed mitigation policies across a host of ministries and underpin national policies such as the planned emissions trading scheme.

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Voluntary market data from CTX for Mar. 17, 2017

Published 11:43 on March 17, 2017  /  Last updated at 11:43 on March 17, 2017  /  Africa, Americas, Asia Pacific, Australia, EMEA, International, Mexico, Middle East, Other APAC, South & Central, US, Voluntary Market  /  No Comments

A table of Verified Emission Reduction (VER) prices and offered volumes, based on voluntary market data provided by Carbon Trade Exchange (CTX).

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