SK Market: September auction oversubscribed, though clearing price still below $7.50
South Korea’s latest monthly CO2 permit auction was oversubscribed with the clearing price still below the 10,000 won ($7.43) benchmark, while the price outlook may remain bleak in the absence of policy updates.
Read MoreChina clarifies rules to avoid double counting of environmental values from renewable projects
Chinese regulators have announced rules that can clarify the boundaries of the country’s green electricity and national carbon offset markets, a move designed to help avoid double counting of environmental attributes.
Read MoreJapanese oil major backs country’s first programme-based carbon project in pig farming
A top refiner in Japan has decided to support the country’s first carbon credit generating project featuring collaboration with domestic pig farmers.
Read MoreAnalysts see China’s average carbon price reach 100 yuan/tonne by 2030 as coverage expands
Chinese emissions permit prices could reach above 100 yuan ($14.05) on average by the end of this decade as the world’s largest compliance carbon market continues to include new sectors, a report has found.
Read MoreTaiwan govt committee proposes carbon levy start rate of $9-15/tonne
An environment ministry committee has released initial pricing recommendations for Taiwan’s upcoming carbon levy scheme, suggesting a start rate of between NT$300 and NT$500 ($9.32-15.54) per tonne of CO2 and plans for a phased increase to meet the island’s long-term climate targets.
Read MoreChina ramps up coal production with record-breaking output in 2023, report says
Global coal production has been on the rise following a brief decline in 2020, with China continuing to be the primary driving factor behind the expansion, a report has found.
Read MoreANALYSIS: Legal issues around Japan’s proposed mandatory carbon market await more clarification
As Japan has begun preparation work for the design of a compliance carbon market, the government should clarify some key legal issues to remove doubts when embedding the concept of emissions trading in the domestic legal framework, according to experts.
Read MoreChina to add three sectors to national ETS this year, first compliance deadline set for 2025
Cement, steel, and aluminium will be brought into China’s emissions trading scheme this year with the first compliance deadline for the new participants set for the end of 2025, according to a policy draft released Monday.
Read MoreCN Markets: CEAs moves near 93 yuan, weekly trading volume stable
Chinese carbon allowance prices saw a modest recovery over the past week with stable trading volumes, as analysts remained cautious about the whole-year price outlook due to a newly introduced policy.
Read MoreJapanese carbon project developer seeks offset opportunities in Mongolia
A Japanese carbon project developer has expressed interest in pursuing emissions reduction projects in Mongolia, as it seeks to expand its presence in Asia.
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