SK Market: KAUs slide to 3-mth lows as supply outlook brightens
South Korean carbon allowances have edged down to their lowest levels since Jan. 29 this week as available supply is slowly emerging.
Read MoreSouth Korea issues draft rules for allowing foreign offsets into ETS, auctions
The South Korean government on Wednesday released long-awaited draft regulations for the eligibility of UN-issued carbon offsets in its national emissions trading system, as well as for CO2 permit auctions that will begin next year.
Read MoreSK Market: Korean CO2 price shackled amid market standoff
South Korean carbon allowances edged up 0.9% on Tuesday but prices remain shackled near 22,000 won ($20.43) as sellers hesitate to go lower while buyers wait for greater supply to emerge closer to the annual compliance deadline in June.
Read MoreREPORT: Emissions Trading Worldwide – ICAP Status Report 2018
The International Carbon Action Partnership’s new report finds 2017 marks a key step forward for emissions trading. The adoption of ETSs in emerging economies, structural reforms and new cooperation initiatives have boosted confidence in carbon markets and help establish emissions trading as an important tool in reaching the goals of the Paris Agreement.
Read MoreSK Market: KAUs edge up to 2-month high, but trade remains choppy
Korean CO2 allowances on Tuesday broke out of the tight range in which they have hovered since December, but liquidity in the market remained modest as the ongoing lack of government clarification on future scheme rules means significant supply remains locked.
Read MoreKorea’s ETS powerless to stall coal finance boom -report
South Korea’s emissions trading scheme is failing to drive a switch to cleaner fuels domestically while Korean public finance institutions are among the world’s biggest coal funders, seemingly acting in disregard for the nation’s Paris target, according to a report due to be published on Tuesday.
Read MoreLittle respite in South Korea ETS for Europe’s CDM investors
South Korean carbon traders and brokers are seeing a significant uptick in approaches from European investors looking to take advantage of impending offset rule changes in the Korean ETS, but opportunities are likely to be limited, according to market participants.
Read MoreGlobal CO2 trading volume up 5% in 2017, value up 22% as major markets extend rules -analysts
Global traded carbon volumes rose 5% in 2017 to 6.3 billion tonnes of CO2e while the overall value of the markets climbed 22% to €41 billion ($33.5 billion), the Point Carbon analysts at Thomson Reuters said in a market review published Thursday.
Read MoreSK Market: Korean carbon trade stalls as govt dithers on key decisions
Prices in South Korea’s emissions trading scheme have remained unchanged for nine consecutive sessions as traders await clarity from the government on allocation levels and rules for market intervention.
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