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SK Market: Korea CO2 price holds in face of bearish news

Published 09:31 on April 6, 2017  /  Last updated at 17:57 on April 6, 2017  /  Asia Pacific, South Korea  /  No Comments

Korean carbon allowances ended unchanged on Thursday despite news the previous day that the government has changed ETS rules to force more supply to market, though traded volumes dropped significantly as market participants digested the developments.

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South Korea announces new amendments to stabilise carbon market

Published 11:09 on April 5, 2017  /  Last updated at 12:59 on April 5, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korea on Wednesday announced further amendments to its emissions trading scheme in a bid to clamp down on permit hoarding and stabilise allowance prices.

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SK Market: KAUs see first gains in a month but traders await policy clarity

Published 09:44 on March 29, 2017  /  Last updated at 14:58 on March 29, 2017  /  Asia Pacific, South Korea  /  No Comments

Korean CO2 allowances recorded their first gains since Feb. 23 on Wednesday, but market participants expect prices to stabilise until the government clarifies its intention on market intervention.

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SK Market: Korean carbon price drops further on MSR adjustments

Published 08:34 on March 23, 2017  /  Last updated at 17:48 on March 23, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon allowances extended losses on Thursday after news broke that the government has made it easier to release fresh supply from the market stability reserve.

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South Korea loosens ETS rules to ease supply squeeze, reaffirms foreign offset use -sources

Published 12:38 on March 22, 2017  /  Last updated at 19:03 on March 22, 2017  /  Asia Pacific, Kyoto Mechanisms, South Korea  /  No Comments

In an effort to ease bottlenecked supply in Korea’s carbon market, the country’s Cabinet has changed rules for when regulators can release extra CO2 allowances from the market stability reserve, three sources familiar with the situation told Carbon Pulse on Wednesday.

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Korea’s carbon market doomed to underperform -OECD

Published 09:00 on March 16, 2017  /  Last updated at 14:24 on March 16, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korea’s emissions trading scheme will be ineffective in helping the nation meet its climate targets unless the government steps in to tighten the CO2 cap and increase the share of auctionable allowances, the OECD said Thursday.

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SK Market: Korean CO2 allowances extend losses as supply continues to grow

Published 10:00 on March 15, 2017  /  Last updated at 13:03 on March 15, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon permits recorded their sixth straight day of losses on Wednesday as available supply continued to grow amid expectations of government intervention.

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SK Market: KAUs drop to 2-month low as sellers finally come to market

Published 09:14 on March 14, 2017  /  Last updated at 11:01 on March 14, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korean CO2 allowances fell to their lowest levels since Jan. 24 on Tuesday on the back of increasing supply as sellers have become convinced the government will restrict their ability to hoard surplus units.

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SK Market: Offsets fetch premium as KAUs drift south

Published 09:03 on March 9, 2017  /  Last updated at 15:32 on March 9, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korean CO2 allowances continue to drift lower amid cooling demand and on Thursday traded at a nearly 4% discount to offsets, which baffled some market participants.

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SK Market: Korean CO2 prices stabilise as govt warnings reverberate

Published 09:18 on March 7, 2017  /  Last updated at 10:57 on March 7, 2017  /  Asia Pacific, South Korea  /  No Comments

Korean CO2 prices have dipped somewhat from last month’s record highs to stabilise just below 24,000 won ($20.92) after government officials indicated that companies banking too many allowances might face disadvantages in the second phase of the emissions trading scheme.

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