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South Korea to hand ETS responsibility back to environment ministry

Published 08:48 on September 11, 2017  /  Last updated at 12:34 on September 11, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korea will hand the chief responsibility for its emissions trading scheme back to the Ministry of Environment (MoE), just 16 months after stripping the department of key ETS powers, a government official confirmed on Monday.

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SK Market: Government delay paralyses Korean CO2 market

Published 09:57 on September 8, 2017  /  Last updated at 18:01 on September 8, 2017  /  Asia Pacific, South Korea  /  No Comments

Carbon prices in the South Korean emissions trading scheme have not moved for over a month as a delay of its Phase 2 allocation plan is holding back risk-adverse traders.

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South Korean plan to expand int’l offset eligibility in 2021 on track, but could feature limits

Published 16:02 on September 1, 2017  /  Last updated at 12:32 on September 11, 2017  /  Asia Pacific, China, International, Kyoto Mechanisms, New Market Mechanisms, South Korea  /  No Comments

South Korea remains on track to broadly expanding the eligibility of international offsets in its emissions trading scheme from 2021, but the country could opt to bring in EU-style restrictions for some project types or countries, a senior government official told Carbon Pulse.

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SK Market: KAUs weaken as market settles in for long wait on allocation plan

Published 10:03 on August 17, 2017  /  Last updated at 13:52 on August 17, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon permits edged south for a second consecutive day Thursday but remained rangebound as a continued lack of information about next year’s allocation levels tempers supply.

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South Korea’s Phase 2 allocation plan, offset rules pushed to end of 2017

Published 09:43 on August 11, 2017  /  Last updated at 17:27 on August 14, 2017  /  South Korea  /  No Comments

South Korea will launch a public consultation on its ETS 2018-2020 allocation plan and new offset guidelines in October, an official said Friday, commencing the process months later than originally planned.

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SK Market: Korean CO2 price shackled as market awaits news

Published 17:34 on August 1, 2017  /  Last updated at 17:34 on August 1, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korea’s CO2 price hasn’t budged for a month as the market awaits news on next year’s allocation and new offset rules.

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New Zealand to auction CO2 allowances from 2020, seek limited links to international markets

Published 22:52 on July 25, 2017  /  Last updated at 03:18 on July 26, 2017  /  Asia Pacific, China, International, Kyoto Mechanisms, New Market Mechanisms, New Zealand, South Korea  /  No Comments

New Zealand will introduce carbon allowance auctions and begin phasing out free allocation after 2020, while seeking limited linkages to other emission markets, in a bid to ramp up the efficiency of its ETS, the government announced Wednesday as part of its long-running review of the programme.

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CDM board alters fee system to address growing number of unclaimed CERs

Published 16:44 on July 14, 2017  /  Last updated at 16:44 on July 14, 2017  /  Africa, Americas, Asia Pacific, Aviation, Carbon Taxes, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, South & Central, South Korea, Voluntary Market  /  No Comments

The CDM’s Executive Board this week took steps to curb the increasing number of CERs that are sitting in UNFCCC ‘pending accounts’ awaiting payment of required issuance fees by their owners.

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Permit extension casts doubt over South Korea plans to limit coal, CO2

Published 10:58 on July 11, 2017  /  Last updated at 15:18 on July 11, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korea has extended the construction period for two coal-fired power plant units, sowing doubt over new President Moon Jae-in’s intention to halt new coal plants while potentially adding tens of millions of tonnes of CO2 to the country’s emissions output.

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SK Market: Korean emitters cruise to compliance deadline as borrowing rules ease process

Published 14:03 on June 30, 2017  /  Last updated at 16:38 on June 30, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon allowances prices barely budged in the two weeks running up to Friday’s 2016 compliance deadline, as generous borrowing rules meant short companies had no need to buy last minute.

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