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Analysts see bumpy road ahead for South Korea’s CO2 market

Published 09:44 on September 13, 2018  /  Last updated at 03:36 on September 14, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korean CO2 prices are likely to be volatile over the next three years as an early, large permit surplus is replaced by shortages later in the trading phase, analysts at trading firm Ecoeye said Thursday.

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South Korea orders Samsung to pull failed CDM project

Published 09:03 on September 11, 2018  /  Last updated at 09:03 on September 11, 2018  /  Asia Pacific, International, Kyoto Mechanisms, South Korea  /  No Comments

The South Korean government has ordered Samsung Electronics to withdraw a CDM project that originally aimed at generating nearly 770,000 carbon credits per year over a decade.

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COMMENT – Wanted: Team coach for the Green Climate Fund

Published 02:00 on August 30, 2018  /  Last updated at 23:10 on September 5, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, South Korea, US, Views  /  No Comments

Reaching agreement on replenishment in the GCF family is easier said than done. Among several hotly debated issues at its last Board meeting was an hours-long discussion of how to launch replenishment — with no resolution. If we want the GCF to succeed, the Board needs to get past the logjam. Here’s WRI’s take on how they could.

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UNFCCC pulls offsetting promotion after being accused of mocking low-carbon lifestyle changes

Published 20:35 on August 29, 2018  /  Last updated at 16:52 on October 8, 2018  /  Africa, Americas, Aviation, Bavardage, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South Korea, Voluntary Market  /  No Comments

The UN’s climate division hastily pulled a social media campaign and accompanying video relaunching its voluntary offsetting platform on Wednesday, just hours after the ad was panned by campaigners and other viewers for mocking people’s efforts to lead a low-carbon lifestyle.

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UN approval to open gates for international credits in South Korea’s ETS

Published 08:51 on August 22, 2018  /  Last updated at 01:40 on August 23, 2018  /  Asia Pacific, South Korea  /  No Comments

The UN’s CDM Executive Board has registered a Korean-funded emission reduction programme in Bangladesh, a move expected to trigger a wave of fresh investments in schemes that can generate carbon credits eligible for use in the South Korean emissions trading scheme.

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SK Market: Korea ETS sees sporadic trade, softer prices as remaining emitters chase compliance permits

Published 12:12 on July 31, 2018  /  Last updated at 02:21 on August 1, 2018  /  Asia Pacific, South Korea  /  No Comments

Korean 2017 allowances fell slightly on Tuesday but held above $20 as a few companies that are yet to surrender permits for last year dipped into the market to pick up a modest 57,000 KAUs.

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South Korea’s cabinet approves ETS allocation plan, 2030 GHG roadmap

Published 10:37 on July 24, 2018  /  Last updated at 22:52 on July 24, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korea’s cabinet on Tuesday approved two key climate plans that will set the nation on course to meet its 2030 Paris pledge, while also allowing a near-term rise in CO2 emissions from ETS-regulated companies.

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South Korea increases CO2 allocation amid growth prospects for industry

Published 11:53 on July 11, 2018  /  Last updated at 11:53 on July 11, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korea on Wednesday released the allocation plan for the second phase of its emissions trading scheme, adding more than 30 million permits annually for industrials to support their short-term growth prospects.

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South Korea to make deeper CO2 cuts at home, scales down plans to buy international offsets

Published 08:55 on June 28, 2018  /  Last updated at 23:37 on June 28, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korea on Thursday released a revised 2030 roadmap for meeting its Paris obligations, scaling back the amount of international carbon credits it plans to buy and instead imposing tougher emission reduction goals on domestic industry.

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SK Market: KAUs rise to 3-week high as compliance demand remains

Published 11:30 on June 25, 2018  /  Last updated at 11:30 on June 25, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korean CO2 allowances rose to a 3-week high on Monday as demand lingered ahead of the June 30 compliance deadline.

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