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CDM board alters fee system to address growing number of unclaimed CERs

Published 16:44 on July 14, 2017  /  Last updated at 16:44 on July 14, 2017  /  Africa, Americas, Asia Pacific, Aviation, Carbon Taxes, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, South & Central, South Korea, Voluntary Market  /  No Comments

The CDM’s Executive Board this week took steps to curb the increasing number of CERs that are sitting in UNFCCC ‘pending accounts’ awaiting payment of required issuance fees by their owners.

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Permit extension casts doubt over South Korea plans to limit coal, CO2

Published 10:58 on July 11, 2017  /  Last updated at 15:18 on July 11, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korea has extended the construction period for two coal-fired power plant units, sowing doubt over new President Moon Jae-in’s intention to halt new coal plants while potentially adding tens of millions of tonnes of CO2 to the country’s emissions output.

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SK Market: Korean emitters cruise to compliance deadline as borrowing rules ease process

Published 14:03 on June 30, 2017  /  Last updated at 16:38 on June 30, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon allowances prices barely budged in the two weeks running up to Friday’s 2016 compliance deadline, as generous borrowing rules meant short companies had no need to buy last minute.

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South Korea to phase out nuclear power in energy market overhaul

Published 16:06 on June 19, 2017  /  Last updated at 17:40 on June 19, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korean President Moon Jae-in on Monday said he would shut down ageing nuclear plants and abandon construction of new ones in a bid to improve national security, though the move could also put at risk the nation’s ability to meet its climate change commitments.

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CARBON FORWARD 2017: Draft programme released

Published 17:34 on June 12, 2017  /  Last updated at 15:19 on June 13, 2017  /  Africa, Americas, Asia Pacific, Aviation, Canada, China, China's National ETS, Climate Talks, Conversations, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, US, Views, Voluntary Market  /  No Comments

We’re excited to release the draft programme for this year’s Carbon Forward 2017 conference and training day.

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SK Market: KAUs fall to 5-month low as last of 2016 surplus hits market

Published 10:59 on June 12, 2017  /  Last updated at 10:59 on June 12, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korean CO2 permits fell to their lowest levels since January amid moderate demand and despite this likely being the last day of significant supply coming to market before the June 30 compliance deadline.

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SK Market: Korean CO2 falls as govt verification brings record volumes to market

Published 08:53 on June 2, 2017  /  Last updated at 12:52 on June 2, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korean CO2 allowances came off recent highs on Friday, shedding 2.4% as a government confirmation of company emission reports saw record volumes trade on the Korea Exchange.

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China, EU beef up climate commitments as Trump breaks away

Published 08:42 on June 2, 2017  /  Last updated at 12:34 on June 2, 2017  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

China and the EU have strengthened a joint statement on climate that will be delivered in Brussels on Friday, promising to step up their efforts after President Donald Trump moved to pull the US out of the Paris Agreement.

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Reactions to Trump’s decision to pull the US out of Paris

Published 21:28 on June 1, 2017  /  Last updated at 00:39 on June 2, 2017  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, Conversations, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US, Views, Voluntary Market  /  No Comments

President Donald Trump has announced that the US will leave the Paris Agreement but is open to renegotiating a “fairer” deal. Below is a collection of reactions from lawmakers, experts and other stakeholders from around the world over the decision.

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President Trump confirms US withdrawal from “unfair” Paris Agreement

Published 21:18 on June 1, 2017  /  Last updated at 00:35 on June 2, 2017  /  Africa, Americas, Asia Pacific, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

President Donald Trump has announced that the US will leave the Paris Agreement but is open to renegotiating a “fairer” deal, setting off a major rift between the Republican-controlled government and the rest of the world on climate change.

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