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World’s carbon markets grow 34% in value to $215 billion in 2019 -report

Published 21:34 on January 22, 2020  /  Last updated at 11:45 on January 23, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, China, China's National ETS, China's Offset Market, China's Pilot Markets, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

Global carbon markets grew by 34% in 2019 to hit €194 billion ($215.1 bln) in value, according to analysts at Refinitiv, marking a third straight year of growth and a nearly fivefold increase in two years.

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Korean developers lukewarm about China CDM opportunities

Published 10:28 on January 16, 2020  /  Last updated at 02:10 on January 17, 2020  /  Asia Pacific, China, China's Offset Market, International, Kyoto Mechanisms, South Korea  /  No Comments

Major South Korean carbon project developers are dubious to opportunities in China, amid efforts to drum up Korean interest in earning carbon credits from China-based N2O projects.

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Falling emissions could ease pressure on Korean CO2 prices -analysts

Published 10:32 on January 10, 2020  /  Last updated at 23:47 on January 10, 2020  /  Asia Pacific, South Korea  /  No Comments

Falling energy-related emissions and increased offset supply in 2019 and 2020 could shift the South Korean emissions market back to a net surplus later this year and ease pressure on near-record high CO2 allowances, analysts said Friday.

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SK Market: KAU auction sells out above secondary market

Published 10:11 on January 8, 2020  /  Last updated at 10:11 on January 8, 2020  /  Asia Pacific, South Korea  /  No Comments

South Korea’s first monthly CO2 permit auction of the year sold out above secondary market prices, but it cleared well below last month’s record high.

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SK Market: Prices shed a fifth amid bearish fundamentals, intervention rumours

Published 10:13 on January 6, 2020  /  Last updated at 10:13 on January 6, 2020  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon prices have dropped nearly 20% over the past two weeks amid rumours of government intervention, with market participants saying the decrease has come against bearish market fundamentals.

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SK Market: Govt on the defensive as KAUs notch new record highs daily

Published 13:04 on December 19, 2019  /  Last updated at 13:06 on December 19, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korean CO2 allowances hit record levels again on Thursday, as they have almost every day recently albeit on small volumes, leading concerned industry to pile pressure on the government to intervene.

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COP25: Testing Article 6 talks delayed for second year after marathon UN climate summit

Published 13:19 on December 15, 2019  /  Last updated at 23:31 on January 5, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Marathon UN climate talks in Madrid finished on Sunday afternoon without agreeing rules for international emissions trade under the Paris Agreement’s Article 6, as beleaguered hosts Chile pushed the record-long summit to try to broker a deal on a handful of sticking points.

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COP25: Roundup for Saturday and Sunday, Dec. 14-15

Published 09:47 on December 14, 2019  /  Last updated at 08:51 on December 15, 2019  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

A marathon overnight session to develop an outcome for the UN climate summit was widely panned on Saturday morning, while negotiations on the highly contentious Article 6 rulebook for Paris-era international emissions trade continued. 

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COP25: Amid record high carbon prices, South Korea pins hopes on UN solution

Published 15:09 on December 13, 2019  /  Last updated at 15:09 on December 13, 2019  /  Asia Pacific, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, South Korea  /  No Comments

South Korean negotiators play a far more active role than usual at this year’s UN climate negotiations in Madrid, hoping to push through rules that would allow Korean ETS firms to buy up to 55-60 million international carbon credits annually throughout the 2020s in a bid to avoid runaway domestic CO2 prices.

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COP25: Roundup for Friday, Dec. 13

Published 14:18 on December 13, 2019  /  Last updated at 18:35 on December 15, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, Climate Talks, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

New Article 6 text dropped well behind schedule at the UN climate summit on Friday, with numerous contentious issues still remaining on agreeing the rulebook to international emissions trading under the Paris Agreement.

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