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SK Market: Korean CO2 prices firm ahead of compliance

Published 10:11 on May 31, 2017  /  Last updated at 22:42 on May 31, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon allowances rose 0.5% on Wednesday, hitting a 2-month high as buying interest remains strong ahead of next month’s compliance deadline.

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World needs much higher carbon prices to meet 2C target, say renowned economists

Published 14:03 on May 29, 2017  /  Last updated at 15:03 on May 29, 2017  /  Africa, Americas, Asia Pacific, Canada, Carbon Taxes, China, EMEA, EU ETS, International, South Korea, US  /  No Comments

The world needs carbon prices of at least around $40-80/tonne in 2020 and $50-100 in 2030 to keep global temperatures from rising above 2 degrees C, according to a report led by two renowned economists and backed by the World Bank’s Carbon Pricing Leadership Coalition (CPLC).

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Chemical firm takes Korean CER cancellations above 14 million

Published 14:31 on May 24, 2017  /  Last updated at 15:06 on May 24, 2017  /  Asia Pacific, Kyoto Mechanisms, South Korea  /  No Comments

South Korea’s Hu-Chems Fine Chemical Corp. this week converted 360,000 CERs into offsets eligible in the Korean ETS, taking the total number of Korean CER cancellations above 14 million.

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Value of world’s carbon pricing schemes edges up year-on-year while govt revenues drop -report

Published 18:10 on May 23, 2017  /  Last updated at 01:24 on May 24, 2017  /  Africa, Americas, Asia Pacific, Australia, Canada, Carbon Taxes, China, China's National ETS, China's Pilot Markets, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

The combined value of the world’s carbon markets and CO2 tax regimes rose by 7% in 2017, with eight new pricing initiatives helping to nearly double the total number over the past five years, but government revenues have dropped by some 15%, according to a new report published Tuesday.

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CARBON FORWARD 2017: The agenda for this year’s event is taking shape…

Published 15:44 on May 23, 2017  /  Last updated at 15:46 on May 23, 2017  /  Americas, Asia Pacific, Aviation, Bavardage, China, Climate Talks, Conversations, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, South Korea, US, Views, Voluntary Market  /  No Comments

Following the immense success of the inaugural Carbon Forward 2016 conference and training day, this year Carbon Forward 2017 will delve deeper into the issues affecting companies with exposure to the EU Emissions Trading System (ETS) and other carbon markets worldwide.

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After the money dries up, CDM project discontinuation risks vary drastically -study

Published 23:31 on May 22, 2017  /  Last updated at 12:53 on May 23, 2017  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, South & Central, South Korea, Voluntary Market  /  No Comments

Some CDM project types face considerably higher risks than others of being discontinued due to the disappearance of carbon offset revenues, a new study shows, threatening to raise CO2 emissions by roughly a billion tonnes in the developing world if the facilities are dismantled.

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SK Market: Prices edge up to hit 6-week high as companies prepare for compliance

Published 09:10 on May 18, 2017  /  Last updated at 10:00 on May 18, 2017  /  Asia Pacific, South Korea  /  No Comments

Korean carbon allowances rose 0.25% on Thursday to reach a 6-week high as pre-compliance demand firms despite hopes that the government might release some volumes from the market stability reserve.

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South Korea’s new president moves to curb coal-fired generation

Published 09:51 on May 15, 2017  /  Last updated at 10:12 on May 15, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korea has ordered a temporary shutdown of eight old coal-fired power plants in an early move to set off newly elected President Moon Jae-in’s fight against air pollution that will also make a dent in the nation’s CO2 emissions.

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New South Korean president seen as good news for climate, carbon market

Published 16:36 on May 10, 2017  /  Last updated at 16:41 on May 10, 2017  /  Asia Pacific, China, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, South Korea  /  No Comments

The election of left-leaning liberal Moon Jae-in as South Korea’s new president is set to bring about a review of the nation’s coal expansion plans and could slow the process of loosening rules under its emissions trading scheme, according to experts.

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ANALYSIS: In a rare glimpse of global carbon trade, Korea’s companies go hunting for foreign offsets

Published 14:17 on May 3, 2017  /  Last updated at 14:17 on May 3, 2017  /  Asia Pacific, EMEA, EU ETS, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, South Korea  /  No Comments

South Korean industry is making its first investments in foreign CDM projects to cut the costs of complying with the country’s emissions trading scheme, but a conservative approach expected from regulators means that demand is likely to be fairly limited.

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