South Korea commits $89 mln for technologies to achieve carbon neutrality
South Korea’s trade ministry has pledged to spend 129.3 billion won ($89 million) this year to support R&D projects in the energy sector that will help the country achieve carbon neutrality and ensure a stable supply of energy.
Read MoreS. Korean shipbuilder to develop ammonia gas turbine, targets carbon-free shipping
A shipbuilding major in South Korea has secured partnerships to develop what it claims to be the world’s first carbon-free propulsion system for ships.
Read MoreCarbon Pulse launches new Article 6 Portal
In another step towards a more comprehensive data offering, Carbon Pulse has launched a free-access Article 6 Portal tracking international carbon market developments under the Paris Agreement.
Read More“There is still hope” for a renewables revolution, despite Trump -experts
The goal of tripling global renewable energy capacity by the end of this decade is still within reach, despite the US likely backtracking on its energy transition in the next four years, renewable energy leaders and governments said on Thursday.
Read MoreSteel emissions remains challenging for South Korean car giant, report says
South Korea’s car making giant Hyundai may start to lose out to peers with stronger emissions reduction plans as tariffs such as the EU Carbon Border Adjustment Mechanism (CBAM) come into effect, penalising automakers whose steel emissions remain high, a think tank said Thursday.
Read MoreINTERVIEW: Korean securities firm seeks opportunities in international carbon markets
One of South Korea’s largest securities companies is gearing up for expansion in carbon markets both at home and abroad, with a potentially growing international offset project pipeline, a company official told Carbon Pulse.
Read MoreSouth Korea prepares for carbon-linked financial products
Regulators in South Korea are preparing to introduce emissions-linked financial products, as more financial institutions will soon have access to the country’s national carbon market.
Read MoreKorean steelmakers may face US tariffs as extra carbon permit allocation deemed subsidy
Top steelmakers in South Korea could face additional tariffs imposed by the US, as extra permit allocation to steel companies under the Korean emissions trading scheme is considered to constitute a subsidy, according to a recent judicial decision.
Read MoreAnalysts predict big 2025 ramp-up for CCUS
The world looks close to adding 20% new carbon capture utilisation and storage (CCUS) capacity in 2025, a leading energy consultancy said this week, calling it the “largest annual increase to date”.
Read MoreSouth Korea backs methane reduction projects in Southeast Asia
A Seoul-headquartered intergovernmental organisation has initiated a $20 million methane mitigation programme to drive down emissions in Southeast Asia.
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