South Korea delays ETS compliance deadline to resolve banking issue

Published 11:36 on May 23, 2019  /  Last updated at 11:36 on May 23, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korea has delayed the annual compliance deadline in its emissions trading scheme by two months to allow all market participants to acquire the CO2 allowances they need, with the government opting to allow emitters more time amid a supply squeeze caused by permit hoarding.

South Korea has delayed the annual compliance deadline in its emissions trading scheme by two months to allow all market participants to acquire the CO2 allowances they need, with the government opting to allow emitters more time amid a supply squeeze caused by permit hoarding.

A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, login here.