Korea to release 900k allowances from reserve, sends CO2 price tumbling

Published 09:19 on May 27, 2016  /  Last updated at 11:58 on May 27, 2016  /  Asia Pacific, South Korea  /  No Comments

South Korea will sell 900,000 Korean Allowances Units (KAUs) from its market reserve next week at a minimum price of 17,100 won ($14.49) each, the government announced Friday, sending the KAU price down nearly 10%.

South Korea will sell 900,000 Korean Allowances Units (KAUs) from its market reserve next week at a minimum price of 17,100 won ($14.49) each, the government announced Friday, sending the KAU price down nearly 10%.

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