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South Korea launches consultation on ETS, 2030 pathway

Published 09:57 on January 2, 2018  /  Last updated at 23:03 on January 2, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korea’s environment ministry on Tuesday launched a broad consultation process that will consider key issues for its emissions trading scheme, as well as the nation’s pathway to meeting its Paris obligations.

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South Korea hands out 538.5m carbon allowances for 2018

Published 08:29 on December 19, 2017  /  Last updated at 15:01 on December 19, 2017  /  Asia Pacific, South Korea  /  No Comments

The South Korean government on Tuesday handed out 538.5 million CO2 permits to participants in its emissions trading scheme for 2018, nearly 15% below their 2014-16 emission levels.

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China, Japan, Korea carbon market links resurface as talks set for next week

Published 10:50 on December 15, 2017  /  Last updated at 01:52 on December 16, 2017  /  Asia Pacific, China, China's National ETS, Japan, South Korea  /  No Comments

A government-backed roundtable on Northeast Asian carbon pricing is convening next week as the imminent launch of China’s national emissions trading scheme raises the issue of a common approach across China, Japan and South Korea.

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SK Market: Korean CO2 price corrects after big drop but supply remains a concern

Published 11:35 on December 7, 2017  /  Last updated at 14:23 on December 7, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon permit prices have picked up over the past two sessions following their 24% crash from last month’s all-time highs, which was triggered by government warnings over potential supply-boosting measures.

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Industry urges more govt intervention in South Korea CO2 market

Published 09:35 on November 29, 2017  /  Last updated at 09:35 on November 29, 2017  /  Asia Pacific, South Korea  /  No Comments

A group of major South Korean companies has petitioned the government asking officials to sort out the demand-supply imbalance in the market that has pushed prices to record levels.

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SK Market: KAUs take hit as govt hints at stronger intervention, generous allocation

Published 10:01 on November 27, 2017  /  Last updated at 11:56 on November 27, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon allowances took a 10% hit Monday after government officials on Friday revealed planned 2018 allocation levels and warned they would step in if recent record-high price levels persisted.

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South Korea proposes to increase ETS emissions cap for 2018

Published 12:23 on November 24, 2017  /  Last updated at 18:28 on November 24, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korea on Friday proposed to increase the CO2 cap for its emissions trading scheme by 1-2% in 2018 compared to this year, while a decision on allocation levels for 2019 and 2020 was pushed to next year.

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SK Market: Poor liquidity pushes Korean CO2 to fresh record highs

Published 11:07 on November 23, 2017  /  Last updated at 21:32 on November 23, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon allowances rose another 3.7% on Thursday to hit an all-time high for a second consecutive day, as some observers said demand outweighs available supply by five-to-one.

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SK Market: Korean CO2 prices hit all-time high as buyer desperation persists

Published 11:44 on November 22, 2017  /  Last updated at 22:09 on November 22, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon allowances ended at record high levels on Wednesday as prices continue to be pushed up on minimal volumes with emitters willing to pay ever higher amounts for scarce units.

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SK Market: KAUs jump 6.6% as price matters little to Korean buyers

Published 11:04 on November 20, 2017  /  Last updated at 23:21 on November 20, 2017  /  Asia Pacific, South Korea  /  No Comments

Korean CO2 prices jumped to within sight of all-time highs on Monday as desperate buyers remained willing to pay ever higher prices for any volume they can secure.

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