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South Korea to phase out nuclear power in energy market overhaul

Published 16:06 on June 19, 2017  /  Last updated at 17:40 on June 19, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korean President Moon Jae-in on Monday said he would shut down ageing nuclear plants and abandon construction of new ones in a bid to improve national security, though the move could also put at risk the nation’s ability to meet its climate change commitments.

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CARBON FORWARD 2017: Draft programme released

Published 17:34 on June 12, 2017  /  Last updated at 15:19 on June 13, 2017  /  Africa, Americas, Asia Pacific, Aviation, Canada, China, China's National ETS, Climate Talks, Conversations, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, US, Views, Voluntary Market  /  No Comments

We’re excited to release the draft programme for this year’s Carbon Forward 2017 conference and training day.

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SK Market: KAUs fall to 5-month low as last of 2016 surplus hits market

Published 10:59 on June 12, 2017  /  Last updated at 10:59 on June 12, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korean CO2 permits fell to their lowest levels since January amid moderate demand and despite this likely being the last day of significant supply coming to market before the June 30 compliance deadline.

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SK Market: Korean CO2 falls as govt verification brings record volumes to market

Published 08:53 on June 2, 2017  /  Last updated at 12:52 on June 2, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korean CO2 allowances came off recent highs on Friday, shedding 2.4% as a government confirmation of company emission reports saw record volumes trade on the Korea Exchange.

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China, EU beef up climate commitments as Trump breaks away

Published 08:42 on June 2, 2017  /  Last updated at 12:34 on June 2, 2017  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

China and the EU have strengthened a joint statement on climate that will be delivered in Brussels on Friday, promising to step up their efforts after President Donald Trump moved to pull the US out of the Paris Agreement.

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Reactions to Trump’s decision to pull the US out of Paris

Published 21:28 on June 1, 2017  /  Last updated at 00:39 on June 2, 2017  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, Conversations, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US, Views, Voluntary Market  /  No Comments

President Donald Trump has announced that the US will leave the Paris Agreement but is open to renegotiating a “fairer” deal. Below is a collection of reactions from lawmakers, experts and other stakeholders from around the world over the decision.

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President Trump confirms US withdrawal from “unfair” Paris Agreement

Published 21:18 on June 1, 2017  /  Last updated at 00:35 on June 2, 2017  /  Africa, Americas, Asia Pacific, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

President Donald Trump has announced that the US will leave the Paris Agreement but is open to renegotiating a “fairer” deal, setting off a major rift between the Republican-controlled government and the rest of the world on climate change.

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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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