Automakers can set 1.5C-aligned targets for cars on the road, with new SBTi guidance
Automakers can now align voluntary emissions reductions from their largest source of pollution — people driving their vehicles — with a pathway to limiting global warming to 1.5C, based on revised guidance released Wednesday by the Science Based Targets initiative (SBTi).
Read MoreVCM Report: Low price trade dominates voluntary carbon market as liquidity thins ahead of CCPs arrival
Over-the-counter trade seems to have slowed in the voluntary carbon market and retirement levels have fallen ahead of the much-anticipated announcement at the end of the month of the first methodologies that will qualify for the Core Carbon Principles (CCPs) stamp of high integrity.
Read MoreKorean climate venture, tech startup to set up carbon exchange in Sri Lanka
A South Korean exchange has announced that it will soon launch a carbon credit trading platform in Sri Lanka as part of the activities of a recently founded climate finance venture.
Read MoreKorean trading firm to expand its carbon credit business -media
A major trading firm in South Korea has decided to deepen its engagement in the voluntary market, with plans to sell carbon credits it earned from a hydropower plant in Indonesia, local media reported Thursday.
Read MoreSK Market: Monthly KAU auction fully subscribed for the first time in 18 months after govt slashes volume
South Korea’s monthly CO2 permit auction on Wednesday was overbid after the government’s recently introduced flexible mechanism allowed volumes to be slashed, though the demand outlook remains blurry given persistent regulatory uncertainty.
Read MoreKorean non-profit establishes council for voluntary market engagement
A South Korean non-profit dedicated to sustainable development has established a special council led by a climate policy veteran to facilitate the engagement of domestic companies in the voluntary carbon market.
Read MoreVCM Report: KSET liquidation sparks sell off in voluntary carbon spots and futures
Standardised voluntary carbon spot contracts for old CORSIA and related futures tumbled this week from already low levels, in the wake of asset manager KraneShares announcing it will liquidate its KSET exchange-traded fund.
Read MoreMajor Korean utility to pursue energy efficiency projects for Paris-aligned carbon credits
A subsidiary of South Korea’s largest power company has partnered with a domestic cement producer to conduct international energy efficient projects in the Asia-Pacific that can generate Paris-aligned carbon credits.
Read MoreCF ASIA: South Korea plans to launch carbon-linked financial product, market reaction may be lukewarm
South Korea is set to introduce carbon market-linked financial products targeting retail investors this year, the first in Asia to do so, though the new policy may not arouse much interest in the over-supplied market, experts told Carbon Pulse.
Read MoreSouth Korea releases 2024 carbon auction schedule
South Korea on Wednesday released its annual KAU schedule, with plans to spontaneously adjust the number of carbon permits offered at government-held auctions for the rest of this year, as the domestic emissions market remains oversupplied.
Read More
