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South Korea proposes to increase ETS emissions cap for 2018

Published 12:23 on November 24, 2017  /  Last updated at 18:28 on November 24, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korea on Friday proposed to increase the CO2 cap for its emissions trading scheme by 1-2% in 2018 compared to this year, while a decision on allocation levels for 2019 and 2020 was pushed to next year.

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AGL subsidiary earns 100k carbon offsets from landfill sites

Published 10:38 on November 24, 2017  /  Last updated at 10:38 on November 24, 2017  /  Asia Pacific, Australia  /  No Comments

A subsidiary of AGL, one of Australia’s biggest power generators and its biggest CO2 emitter, this week received nearly 100,000 carbon credits for emission cuts at eight different landfill sites.

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Australian states vote to develop NEG details by April

Published 09:48 on November 24, 2017  /  Last updated at 18:35 on November 24, 2017  /  Asia Pacific, Australia  /  No Comments

Australian state energy ministers on Friday voted in favour of letting the Energy Security Board (ESB) develop draft details of the National Energy Guarantee (NEG) by next April, while ignoring other alternatives such as an emissions intensity trading scheme.

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SK Market: Poor liquidity pushes Korean CO2 to fresh record highs

Published 11:07 on November 23, 2017  /  Last updated at 21:32 on November 23, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon allowances rose another 3.7% on Thursday to hit an all-time high for a second consecutive day, as some observers said demand outweighs available supply by five-to-one.

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Criticism builds ahead of key meet on Australia’s energy plan

Published 10:14 on November 23, 2017  /  Last updated at 21:21 on November 23, 2017  /  Asia Pacific, Australia  /  No Comments

Analysts and state officials on Thursday delivered fresh criticism of Australia’s National Energy Guarantee (NEG), as the federal government appeared to be scaling down its ambitions for the outcome of Friday’s key COAG meeting.

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SK Market: Korean CO2 prices hit all-time high as buyer desperation persists

Published 11:44 on November 22, 2017  /  Last updated at 22:09 on November 22, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon allowances ended at record high levels on Wednesday as prices continue to be pushed up on minimal volumes with emitters willing to pay ever higher amounts for scarce units.

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Tough test awaits Australia’s new energy, carbon policy as industry groups urge governments to play nice

Published 15:03 on November 21, 2017  /  Last updated at 22:19 on November 21, 2017  /  Asia Pacific, Australia  /  No Comments

Australia’s proposed new energy policy, which could kick-start a secondary offset market and establish an indirect carbon price, faces the first of a series of tests this week when federal and state energy officials meet, with some of them deeply suspicious about the scheme.

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ECOSYSTEM MARKETPLACE: In Bonn, progress on markets hampered by gridlock on everything else

Published 14:42 on November 20, 2017  /  Last updated at 14:42 on November 20, 2017  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, South & Central, US, Views, Voluntary Market  /  No Comments

The Americas aren’t named for Christopher Columbus, but for his map-maker, Amerigo Vespucci, who first figured out that Brazil is a pretty big part of the New World – something to keep in mind as climate negotiators sketch out the map for implementing the Paris Agreement.

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CP Daily: COP23 Special

Published 13:17 on November 20, 2017  /  Last updated at 14:35 on November 20, 2017  /  Africa, Americas, Asia Pacific, Aviation, Canada, Carbon Taxes, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, New Market Mechanisms, New Zealand, Newsletter, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

UN climate talks held in Bonn, Germany from Nov. 6-17 made modest progress on a number of technical issues including rules underpinning global carbon trading under the Paris Agreement, but a great deal of work remains ahead of next year’s deadline to complete the 2015 pact’s rule book.

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SK Market: KAUs jump 6.6% as price matters little to Korean buyers

Published 11:04 on November 20, 2017  /  Last updated at 23:21 on November 20, 2017  /  Asia Pacific, South Korea  /  No Comments

Korean CO2 prices jumped to within sight of all-time highs on Monday as desperate buyers remained willing to pay ever higher prices for any volume they can secure.

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