Asia Pacific > SK Market: Monthly KAU auction fails to sell out again amid permit oversupply

SK Market: Monthly KAU auction fails to sell out again amid permit oversupply

Published 09:38 on January 10, 2024  /  Last updated at 13:46 on January 10, 2024  / Chia-Erh Kuo /  Asia Pacific, South Korea

South Korea on Wednesday sold fewer than 50% of the allowances on offer in its monthly CO2 permit auction amid dwindling buy interest, with analysts expecting the carbon price to remain at relatively low levels this year due to a lasting oversupply.
South Korea on Wednesday sold fewer than 50% of the allowances on offer in its monthly CO2 permit auction amid dwindling buy interest, with analysts expecting the carbon price to remain at relatively low levels this year due to a lasting oversupply.


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