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Major Korean coal region joins anti-coal alliance

Published 10:51 on October 2, 2018  /  Last updated at 10:51 on October 2, 2018  /  Asia Pacific, South Korea  /  No Comments

Korea’s South Chungcheong province on Tuesday became the first Asian jurisdiction to join the UK- and Canadian-led Powering Past Coal Alliance, a move that will see closing dates for 14 coal plants brought forward by up to five years.

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South Korea’s GHG emissions inch higher

Published 12:16 on September 21, 2018  /  Last updated at 12:19 on September 21, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korea’s GHG emissions rose 0.2% in 2016 to 694.1 MtCO2e, primarily due to an increase in energy-related emissions, the government announced Friday.

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South Korea’s ETS worth $1.54 bln in first three years

Published 14:00 on September 20, 2018  /  Last updated at 14:58 on September 20, 2018  /  Asia Pacific, South Korea  /  No Comments

Trading volumes in South Korea’s emissions trading scheme doubled in each of the programme’s first three years, with its overall value hitting 1.72 trillion won ($1.54 billion) despite the market being long 0.96% over the period, the government said.

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Analysts see bumpy road ahead for South Korea’s CO2 market

Published 09:44 on September 13, 2018  /  Last updated at 03:36 on September 14, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korean CO2 prices are likely to be volatile over the next three years as an early, large permit surplus is replaced by shortages later in the trading phase, analysts at trading firm Ecoeye said Thursday.

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South Korea orders Samsung to pull failed CDM project

Published 09:03 on September 11, 2018  /  Last updated at 09:03 on September 11, 2018  /  Asia Pacific, International, Kyoto Mechanisms, South Korea  /  No Comments

The South Korean government has ordered Samsung Electronics to withdraw a CDM project that originally aimed at generating nearly 770,000 carbon credits per year over a decade.

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COMMENT – Wanted: Team coach for the Green Climate Fund

Published 02:00 on August 30, 2018  /  Last updated at 23:10 on September 5, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, South Korea, US, Views  /  No Comments

Reaching agreement on replenishment in the GCF family is easier said than done. Among several hotly debated issues at its last Board meeting was an hours-long discussion of how to launch replenishment — with no resolution. If we want the GCF to succeed, the Board needs to get past the logjam. Here’s WRI’s take on how they could.

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UNFCCC pulls offsetting promotion after being accused of mocking low-carbon lifestyle changes

Published 20:35 on August 29, 2018  /  Last updated at 16:52 on October 8, 2018  /  Africa, Americas, Aviation, Bavardage, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South Korea, Voluntary Market  /  No Comments

The UN’s climate division hastily pulled a social media campaign and accompanying video relaunching its voluntary offsetting platform on Wednesday, just hours after the ad was panned by campaigners and other viewers for mocking people’s efforts to lead a low-carbon lifestyle.

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UN approval to open gates for international credits in South Korea’s ETS

Published 08:51 on August 22, 2018  /  Last updated at 01:40 on August 23, 2018  /  Asia Pacific, South Korea  /  No Comments

The UN’s CDM Executive Board has registered a Korean-funded emission reduction programme in Bangladesh, a move expected to trigger a wave of fresh investments in schemes that can generate carbon credits eligible for use in the South Korean emissions trading scheme.

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SK Market: Korea ETS sees sporadic trade, softer prices as remaining emitters chase compliance permits

Published 12:12 on July 31, 2018  /  Last updated at 02:21 on August 1, 2018  /  Asia Pacific, South Korea  /  No Comments

Korean 2017 allowances fell slightly on Tuesday but held above $20 as a few companies that are yet to surrender permits for last year dipped into the market to pick up a modest 57,000 KAUs.

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South Korea’s cabinet approves ETS allocation plan, 2030 GHG roadmap

Published 10:37 on July 24, 2018  /  Last updated at 22:52 on July 24, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korea’s cabinet on Tuesday approved two key climate plans that will set the nation on course to meet its 2030 Paris pledge, while also allowing a near-term rise in CO2 emissions from ETS-regulated companies.

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