CDM hits dual milestones ahead of UN carbon offset scheme’s potential conclusion
The UN’s Clean Development Mechanism (CDM) passed two noteworthy milestones this month, as countries prepare to determine whether to wind up the project-based carbon finance programme.
Read MoreTax CO2 from largest emitters $75/t by 2030 to avoid 2C temperature rise, says IMF
A global temperature rise of 2 degrees C could be avoided if large emitting countries collectively adopt a carbon tax of $75/tonne by 2030, as well as other ambitious actions, according to a report by the International Monetary Fund.
Read MoreLondon-based carbon investment firm assembles expert team ahead of fund launch
A London-based investment management firm has appointed a cast of carbon trading industry veterans as staff and advisors as it prepares to launch a global environmental markets fund.
Read MoreSK Market: Auction settles at highest level yet, but below secondary market
South Korea sold all 550,000 KAU19s on offer at Tuesday’s monthly auction, which settled a touch below the secondary market but at the highest level yet since the government sales began in January.
Read MoreIncreased coal consumption pushes up South Korea’s GHG emissions
South Korea’s greenhouse gas emissions rose 2.4% in 2017, the government announced Monday, with the increase largely driven by higher coal use for electricity generation and steel production.
Read MoreICAO moves toward long-term GHG goal, CORSIA launch despite opposition from 25 nations
ICAO’s Assembly on Friday backed the progression of work on setting a long-term emissions target for aviation and to advance the UN body’s CORSIA global offsetting mechanism towards operationalisation, though a fifth of the countries in attendance voted against the two resolutions in a surprise secret ballot.
Read MoreSouth Korea plans tighter CO2 caps for ETS companies next decade
South Korea plans to reduce the number of allowances issued to participants in its emissions trading scheme over the 2020s as part of its strategy to meet Paris Agreement obligations, according to a draft government climate plan.
Read MoreCARBON FORWARD 2019 – UK climate minister Duncan to deliver keynote speech
**THIS IS A FREE ARTICLE** – Survive and thrive in carbon markets by joining us at the 4th annual CARBON FORWARD conference & training day where we will be joined by the pre-eminent experts to discuss a programme developed by environmental market experts and based on feedback from companies like yours.
Read MoreSK Market: KAU18s plunge on expiry day, while KAU19s remain at record high
South Korea’s v2018 CO2 contract fell 10% and was left untraded on its expiry day, but the KAU19s maintained last week’s record highs in a hint that Korean prices might remain far above historical levels despite the 2018 compliance process now being over.
Read MoreSK Market: KAUs climb higher as sellers maximise profits from compliance laggards
South Korean 2018 allowances on Friday completed two full weeks of daily gains as sellers sought to squeeze every possible won out of the few emitters still short ahead of Monday’s compliance deadline.
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