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Korean developers push on with CDM projects despite potential UN restrictions

Published 10:56 on January 16, 2019  /  Last updated at 21:12 on January 16, 2019  /  Asia Pacific, International, Kyoto Mechanisms, South Korea  /  No Comments

South Korean project developers continue to identify and launch new CDM projects for use in the domestic ETS despite lingering uncertainty over the mechanism’s future and their government being outmanoeuvred at UN climate talks.

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Global CO2 trading volume spikes 45% in 2018, value soars 250% amid reforms -analysts

Published 21:25 on January 15, 2019  /  Last updated at 21:27 on January 15, 2019  /  Americas, Asia Pacific, Canada, China, China's National ETS, China's Offset Market, China's Pilot Markets, EMEA, EU ETS, International, Kyoto Mechanisms, New Zealand, South Korea, US  /  No Comments

Global traded carbon volumes rose 45% in 2018 to a five-year high of 9.1 billion tonnes as the dominant EU ETS market notched stellar price gains, Refinitiv analysts said in an annual market review on Tuesday.

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COP24: South Korea plans ETS changes to boost liquidity

Published 14:16 on December 11, 2018  /  Last updated at 01:53 on December 12, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korea is planning a number of amendments to trading rules for its emissions trading scheme in a bid to improve market liquidity and make the programme more effective.

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Hopes fade for progress on a CDM transition this year

Published 22:54 on November 19, 2018  /  Last updated at 09:54 on November 20, 2018  /  Americas, Asia Pacific, Aviation, Canada, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, New Zealand, REDD, South Korea, Switzerland, Voluntary Market  /  No Comments

Governments are not expected to offer much clarity on how the CDM will transition into the post-2020 Paris Agreement era as year-end UN talks in Katowice get bogged down in other issues, observers say.

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Analysts see potential upside for Korean CO2 price as emissions rise

Published 10:19 on November 13, 2018  /  Last updated at 23:24 on November 13, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon prices are at their highest since July but could go even higher as rising emissions in some of the biggest ETS sectors are set to further deplete available supply in the market, according to analysts.

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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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