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SK Market: Korean CO2 auction clears below secondary market

Published 09:18 on July 10, 2019  /  Last updated at 09:18 on July 10, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korea sold all 550,000 carbon allowances on offer in its July auction held Wednesday, with permits clearing well below secondary market prices.

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BY THE NUMBERS: Data sheds light on unused CER supply, Kyoto unit trading

Published 14:08 on June 14, 2019  /  Last updated at 21:51 on June 14, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Canada, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, Voluntary Market  /  No Comments

There remains more than 860 million unused CERs – a massive supply of offsets that could potentially be tapped by airlines to comply with ICAO’s CORSIA scheme or which could find its way into the Paris Agreement era.

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SK Market: Korean CO2 auction clears below market amid low interest

Published 10:06 on June 12, 2019  /  Last updated at 10:06 on June 12, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korea sold out all allowances on offer in Wednesday’s auction, but the sale cleared 1.3% below the secondary market as only five companies submitted bids.

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Korean firms eye Myanmar mangrove CDM project

Published 11:55 on June 10, 2019  /  Last updated at 14:34 on June 15, 2019  /  Asia Pacific, International, Kyoto Mechanisms, Other APAC, South Korea  /  No Comments

South Korean state-owned power company KEPCO and trading firm Ecoeye are investing in a mangrove forest project in Myanmar that will be registered under the CDM and generate offsets eligible in the Korean emissions trading scheme.

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Carbon pricing schemes grow in numbers, but still too few and too cheap to meet Paris goals -report

Published 04:52 on June 7, 2019  /  Last updated at 00:56 on June 8, 2019  /  Americas, Asia Pacific, Australia, Canada, Carbon Taxes, China, EMEA, EU ETS, International, Japan, New Zealand, Other APAC, South Korea, Switzerland, US  /  No Comments

The number of planned or implemented carbon pricing mechanisms worldwide has grown to 57, but without expanded coverage and higher prices they won’t be sufficient to help meet the temperature goals in the Paris Agreement, a World Bank report said Friday.

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South Korea announces new KAU banking regulations

Published 10:00 on June 6, 2019  /  Last updated at 11:54 on June 6, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korea on Thursday announced new regulations that will limit the amount of CO2 allowances emitters can bank into the future without offloading some of their surplus, in a bid to address concerns over liquidity in the nation’s emissions trading scheme.

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South Korea delays ETS compliance deadline to resolve banking issue

Published 11:36 on May 23, 2019  /  Last updated at 11:36 on May 23, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korea has delayed the annual compliance deadline in its emissions trading scheme by two months to allow all market participants to acquire the CO2 allowances they need, with the government opting to allow emitters more time amid a supply squeeze caused by permit hoarding.

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SK Market: Korean CO2 prices plunge as govt moves to solve hoarding issue

Published 09:33 on May 20, 2019  /  Last updated at 09:33 on May 20, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korean CO2 allowances fell nearly 6% in Monday trade as the government moves to impose restrictions on allowance banking, forcing supply to come to market over the next six weeks.

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South Korea picks two banks to fill ETS market maker role

Published 05:03 on May 10, 2019  /  Last updated at 09:17 on May 10, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korea on Friday announced it has chosen two government-owned policy banks as market makers in the nation’s emissions trading scheme in a bid to boost market liquidity.

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SK Market: KAUs extend record highs as supply squeeze continues

Published 10:20 on May 9, 2019  /  Last updated at 10:20 on May 9, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon allowances inched upwards in Thursday trade to hit new record highs for the fifth time in just over two weeks as sellers continued to sit on their surplus units rather than bringing them to market.

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