Asia Pacific > SK Market: First monthly auction for KAU-23 fails to sell out with clearing price reaching new low

SK Market: First monthly auction for KAU-23 fails to sell out with clearing price reaching new low

Published 04:41 on July 13, 2023  /  Last updated at 04:41 on July 13, 2023  / /  Asia Pacific, South Korea

South Korea's first monthly CO2 auction for the current compliance cycle sold less than 40% of the permits on offer, with the clearing price dropping to a new low amid continued bearish market sentiment due to a lack of policy direction.
South Korea's first monthly CO2 auction for the current compliance cycle sold less than 40% of the permits on offer, with the clearing price dropping to a new low amid continued bearish market sentiment due to a lack of policy direction.


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