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South Korean firms ink PoA deal as country eyes new CDM projects following carbon market rule change

Published 11:39 on June 20, 2018  /  Last updated at 11:39 on June 20, 2018  /  Asia Pacific, International, Kyoto Mechanisms, Other APAC, South Korea  /  No Comments

Three South Korean firms have signed a preliminary agreement to invest in a cookstove PoA, as investors and participants in the country’s emissions trading scheme dip their toes back into the CDM market after the government earlier this year made some UN-issued carbon credits eligible for compliance use.

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Undersubscribed South Korean carbon auction settles at discount

Published 11:30 on June 11, 2018  /  Last updated at 13:52 on June 11, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korea’s June 1 CO2 permit auction sold 85% of the allowances on offer, settling at a 2% discount to the secondary market, according to a government official on Monday.

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SK Market: Korean carbon extends losses even as demand remains strong

Published 10:34 on June 8, 2018  /  Last updated at 16:53 on June 8, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korean CO2 permits lost another 2.25% on Friday to hit their lowest levels since January, even as volumes remained far above average levels as emitters race to meet the June 30 compliance deadline.

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SK Market: KAUs extend losses as swaps take edge off demand

Published 11:11 on June 7, 2018  /  Last updated at 19:02 on June 7, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon allowances lost another 2% on Thursday as last week’s government auction and a large amount of swap deals have taken some of the edge off compliance demand, which has been estimated to be as high as 30 million.

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SK Market: KAUs drift further as supply finally emerges

Published 10:30 on June 5, 2018  /  Last updated at 13:00 on June 5, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon allowances drifted further on Tuesday as emitters picked up nearly a million KAUs coming to market ahead of a deadline for banking units.

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SK Market: KAUs weaken as market digests unclear auction information

Published 10:18 on June 4, 2018  /  Last updated at 12:16 on June 4, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon allowances weakened slightly on Monday as the government failed to release outright results from Friday’s auction, leaving traders uncertain how to respond.

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SK Market: KAUs slide further but volumes soar as govt auction tempers market

Published 10:54 on June 1, 2018  /  Last updated at 18:03 on June 1, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korean allowances slipped further on Friday as the government’s auction announcement took some of the edge off the demand rush that had seen prices hit fresh six-month highs earlier this week.

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SK Market: KAUs take 10% hit after auction announcement

Published 09:25 on May 30, 2018  /  Last updated at 16:55 on May 30, 2018  /  Asia Pacific, South Korea  /  No Comments

Korea carbon allowances fell nearly 10% on Wednesday as the government announcement that it will auction 5.5 million permits on June 1 tempered the aggressive demand seen over the past three weeks.

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South Korea mulls U-turn on plan to buy international carbon credits

Published 09:17 on May 30, 2018  /  Last updated at 15:12 on May 30, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korea is considering dropping its plan to achieve nearly a third of its Paris target through buying international carbon credits, instead making deeper emission reductions at home.

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South Korea to auction 5.5 mln permits from market stability reserve on June 1

Published 09:14 on May 29, 2018  /  Last updated at 00:01 on May 30, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korea will auction off 5.5 million carbon permits from its market stability reserve on June 1, the government announced Tuesday, representing 40% of the total volume available in the reserve.

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