IETA appoints first China representative, Korean board member
The International Emissions Trade Association (IETA) has appointed its first representative in China and a South Korean board member at its board meeting in Marrakech on Monday, in a move to expand its presence and promote its ties in Asia’s carbon markets.
Read MoreStudies for an East Asia carbon market get government blessing
Senior politicians from China, South Korea and Japan backed a research programme for a common emissions trading market spanning the three nations on Tuesday, but stressed that such a policy was not a near-term possibility.
Read MoreSouth Korea eyeing Paris GHG goal shift that would make it world’s top carbon credit buyer
South Korea appears to be considering making its Paris emissions target a multi-year goal instead of a single-year one, which could see its demand for international carbon offsets rise more than ten-fold to over 1 billion units through the 2020s, potentially give the new global carbon market a much-needed shot in the arm.
Read MoreWorld Bank sets date for third PAF auction
The World Bank will hold the third auction under its Pilot Auction Facility (PAF) on Jan. 10, 2017, it announced Wednesday.
Read MoreGlobal decarb rate edges up in 2015, still well short of 2C requirements -consultants
Carbon intensity among the Group of 20 major economies slightly increased its rate of decline in 2015, a sign that the world is sustaining its trend of decoupling GDP from emissions but at a rate too slow to prevent dangerous warming, an analysis by consultancy PwC found.
Read MoreSK Market: Korean CO2 remains firm in face of market expectations
CO2 allowances in the South Korean emissions trading scheme remained firm throughout October despite market expectations that the government will increase allocation to reduce the cost of the programme for participants.
Read MoreGCF elects Australian diplomat as executive director
An experienced Australian climate diplomat has been elected the new executive director of the Green Climate Fund secretariat.
Read MoreSouth Korea to ease CO2 caps for ETS sectors, put Paris target in doubt
South Korea is planning to relax CO2 emission targets for power generators and industry in its 2030 climate change strategy, according to sources, raising concerns about the country’s ability to meet its obligations under the Paris Agreement.
Read MoreBetter late than never: North Korea releases its Paris climate plan
North Korea’s climate plans under the Paris Agreement were published by the UN on Friday, with the reclusive nation unconditionally pledging to cut its GHG emissions by at least 8% below business-as-usual (BAU) levels by 2030.
Read MoreEXCLUSIVE: Korean emitters saved by offsets, banking in first year of ETS
The 523 companies covered by South Korea’s cap-and-trade programme emitted 2.9 million tonnes of CO2e above their free allocation in 2015, but were able to comply due to their access to offset credits and the possibility to borrow from future allocation, according to unpublished government data obtained by Carbon Pulse.
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