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First Asia, then the world: Consortium touts climate benefits from global power grid expansion

Published 10:53 on February 22, 2017  /  Last updated at 16:03 on February 22, 2017  /  Asia Pacific, China, China's Offset Market, Japan, Other APAC, South Korea  /  No Comments

An industry-funded research consortium on Wednesday backed the establishment of a new interconnected grid across north and east Asia, and eventually the world, that it said could bring CO2 emissions down to half of 1990 levels by 2050.

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REPORT: Emissions Trading Worldwide – ICAP Status Report 2017

Published 15:49 on February 15, 2017  /  Last updated at 15:49 on February 15, 2017  /  Americas, Asia Pacific, Canada, China, China's National ETS, China's Pilot Markets, Climate Talks, Conversations, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, New Market Mechanisms, New Zealand, South Korea, Switzerland, US, Views  /  No Comments

The International Carbon Action Partnership’s Status Report 2017, released on Feb. 15, provides a testament to the evolution of emissions trading from textbook assumptions to the real world. With the launch of China’s national ETS later this year, carbon markets will operate in economies generating close to half of the world’s GDP and covering more than 15% of global emissions.

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SK Market: KAUs drop nearly 10% as govt signals tighter supervision

Published 09:27 on February 10, 2017  /  Last updated at 11:42 on February 10, 2017  /  Asia Pacific, South Korea  /  No Comments

Allowances in South Korea’s emissions trading scheme fell nearly 10% on Friday after government officials said they would closely monitor the “abnormal” price levels to make sure there was no market manipulation.

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SK Market: KAUs marginally down as market takes breather

Published 11:51 on February 9, 2017  /  Last updated at 16:58 on February 9, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korean CO2 allowances appear to have hit a momentary ceiling with prices slightly down on Thursday after the recent series of record highs, although observers expect the pause to be temporary unless the supply situation is fixed.

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SK Market: Korea ETS extends record highs with no signs of intervention

Published 09:49 on February 7, 2017  /  Last updated at 11:57 on February 7, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korean CO2 permits on Tuesday hit record highs for the fifth consecutive day amid a lack of available supply and despite calls from market participants for government intervention, regulators are not expected to step in unless the trigger level for releasing the market stability reserve is met.

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SK Market: “Overheated” market hits new record highs as supply drought continues

Published 09:38 on February 6, 2017  /  Last updated at 10:44 on February 6, 2017  /  Asia Pacific, South Korea  /  No Comments

The South Korean carbon market on Monday picked up where it left off before the weekend, with permits soaring 4% to notch yet another record high.

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SK Market: KAUs hit record high for third straight day

Published 10:37 on February 3, 2017  /  Last updated at 11:28 on February 3, 2017  /  Asia Pacific, South Korea  /  No Comments

Korean CO2 allowances rose another 3% in Friday trade as a court decision against companies suing the government for more allowances added to bullish sentiment with no prospect of fresh volume coming to market any time soon.

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Seoul court backs government in CO2 allocation lawsuit

Published 10:37 on February 2, 2017  /  Last updated at 10:19 on February 3, 2017  /  Asia Pacific, South Korea  /  No Comments

A Seoul court on Thursday ruled against 34 companies that had sued the government saying they had been allocated too few CO2 permits under South Korea’s emissions trading scheme.

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SK Market: KAUs soar to fresh highs on continued supply shortage

Published 08:47 on February 2, 2017  /  Last updated at 01:06 on February 3, 2017  /  Asia Pacific, South Korea  /  No Comments

Korean carbon traders back from the Lunar New Year break have pushed South Korea’s CO2 price to fresh record highs this week as potential sellers continue to shun the market.

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South Korea to start auctioning CO2 permits from 2018

Published 14:34 on January 31, 2017  /  Last updated at 14:34 on January 31, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korea will begin auctioning a share of the CO2 allowances in its emissions trading scheme from 2018, according to government documents.

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