SK Market: March CO2 auction oversubscribed, clears at 9,100 won
South Korea’s latest monthly CO2 permit auction on Wednesday was oversubscribed, though analysts remained cautious about the market outlook as more regulatory clarity may only be provided around mid-year.
Read MoreChina’s Guangdong cuts free allocation to industrial emitters under regional ETS
China’s Guangdong province will reduce the free allocation of CO2 permits to industrial emitters regulated under its emissions trading scheme, as it seeks to further strengthen the operation of the regional carbon market.
Read MoreChina urged to speed up development of carbon futures, create market linkages with Hong Kong
China should expand its emissions trading scheme to allow the development of futures products and better leverage the market mechanism, domestic business leaders have called for during the annual parliamentary session.
Read MoreCN Markets: First CCER credits issued since 2017, CEA prices remain rangebound
China’s undersupplied offset market this week saw the injection of new credits, while allowance prices in the national emissions market remain rangebound amid continued bearish sentiment.
Read MoreChina includes ETS sectoral expansion in 2025 work plan
China will prioritise several carbon-related measures this year, including the planned expansion of the coverage of industries in the national ETS and enhancing the capacity for emissions accounting and verification, according to the annual government work report released on Wednesday.
Read MoreCARBON FORWARD ASIA: Article 6.4 market sees unclear near-term outlook, despite efforts to advance integrity
The emerging Article 6.4 market has the potential of being a high-quality benchmark for international carbon trade with more stringent requirements, but it remains unclear to what extent the approach can be utilised, panellists told a conference Wednesday.
Read MoreCARBON FORWARD ASIA: BRIEFING – East Asian nations progress ETS development, even as participants await more policy clarity
Governments in East Asia are accelerating the construction work for their emissions trading schemes, though participants are eager to see more policy clarity, experts told a conference Tuesday.
Read MoreCN Markets: CEAs dip to 6-mth low as traders sit on the fence
Permit prices in China’s national emissions market fell below 90 yuan ($12.35) over the past week, touching the lowest level in six months, with analysts expecting the bearish sentiment to extend into March.
Read MoreVerra releases new rice methodology to replace CDM protocol
Carbon standard Verra has released a new methodology that applies to projects implementing improved water and crop management practices in flooded rice systems.
Read MoreSouth Korean steelmaker faces lawsuit for plans to extend blast furnace lifespan
A civil lawsuit has been filed to demand steel major POSCO, one of South Korea’s major carbon emitters, stop relining an ageing blast furnace in the Gwangyang region.
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