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South Korea curbs fossil fuel output to battle pollution

Published 12:12 on November 7, 2018  /  Last updated at 23:18 on November 7, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korea on Wednesday for the first time ordered selected coal- and oil-fired plants to briefly cut output in a bid to reduce air pollution – a move set to become a more regular occurrence impacting CO2 levels next year when the government imposes mandatory rules.

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Korea ETS expected to see price, volume uptick as govt finalises allocation

Published 10:34 on October 26, 2018  /  Last updated at 21:43 on October 26, 2018  /  Asia Pacific, South Korea  /  No Comments

Participants in the South Korean carbon market expect volumes to pick up and prices to rise after the government on Friday finalised installation-level allocations for 2018.

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SK Market: Prices crawl up to 3-mth high in slumbering Korean ETS

Published 11:02 on October 23, 2018  /  Last updated at 01:07 on October 24, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon allowances on Tuesday climbed to a three-month high as buyers begin to pick up available volumes after a lengthy post-compliance slumber in the world’s second-biggest carbon market.

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Two more South Korean projects de-register from CDM

Published 14:56 on October 22, 2018  /  Last updated at 15:36 on October 22, 2018  /  Asia Pacific, International, Kyoto Mechanisms, South Korea  /  No Comments

Two more South Korean CDM projects, collectively capable of yielding more than 1.2 million CERs annually, have been de-registered by their owner, the electronics giant Samsung.

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Major Korean coal region joins anti-coal alliance

Published 10:51 on October 2, 2018  /  Last updated at 10:51 on October 2, 2018  /  Asia Pacific, South Korea  /  No Comments

Korea’s South Chungcheong province on Tuesday became the first Asian jurisdiction to join the UK- and Canadian-led Powering Past Coal Alliance, a move that will see closing dates for 14 coal plants brought forward by up to five years.

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South Korea’s GHG emissions inch higher

Published 12:16 on September 21, 2018  /  Last updated at 12:19 on September 21, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korea’s GHG emissions rose 0.2% in 2016 to 694.1 MtCO2e, primarily due to an increase in energy-related emissions, the government announced Friday.

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South Korea’s ETS worth $1.54 bln in first three years

Published 14:00 on September 20, 2018  /  Last updated at 14:58 on September 20, 2018  /  Asia Pacific, South Korea  /  No Comments

Trading volumes in South Korea’s emissions trading scheme doubled in each of the programme’s first three years, with its overall value hitting 1.72 trillion won ($1.54 billion) despite the market being long 0.96% over the period, the government said.

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Analysts see bumpy road ahead for South Korea’s CO2 market

Published 09:44 on September 13, 2018  /  Last updated at 03:36 on September 14, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korean CO2 prices are likely to be volatile over the next three years as an early, large permit surplus is replaced by shortages later in the trading phase, analysts at trading firm Ecoeye said Thursday.

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South Korea orders Samsung to pull failed CDM project

Published 09:03 on September 11, 2018  /  Last updated at 09:03 on September 11, 2018  /  Asia Pacific, International, Kyoto Mechanisms, South Korea  /  No Comments

The South Korean government has ordered Samsung Electronics to withdraw a CDM project that originally aimed at generating nearly 770,000 carbon credits per year over a decade.

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COMMENT – Wanted: Team coach for the Green Climate Fund

Published 02:00 on August 30, 2018  /  Last updated at 23:10 on September 5, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, South Korea, US, Views  /  No Comments

Reaching agreement on replenishment in the GCF family is easier said than done. Among several hotly debated issues at its last Board meeting was an hours-long discussion of how to launch replenishment — with no resolution. If we want the GCF to succeed, the Board needs to get past the logjam. Here’s WRI’s take on how they could.

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