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SK Market: Korean auction sells out, clears 4.3% below market

Published 10:02 on April 10, 2019  /  Last updated at 10:03 on April 10, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korea sold all 1.59 million KAUs on offer at Wednesday’s auction, with the sale clearing 4.3% below the day’s closing price in the secondary market.

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South Korea triples volume available in April CO2 auction

Published 09:26 on April 3, 2019  /  Last updated at 09:26 on April 3, 2019  /  Asia Pacific, South Korea  /  No Comments

Around three times as many carbon allowances will be available in next week’s South Korean auction as in the previous sales, after the government announced Tuesday it has borrowed nearly half a million KAUs from the June volume to boost market supply.

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CDM board weighs expanding struggling scheme to ride-sharing apps, other urban sectors

Published 02:30 on April 3, 2019  /  Last updated at 09:59 on April 3, 2019  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, South Korea, Voluntary Market  /  No Comments

The CDM’s executive board held its first meeting of 2019 last week, where it weighed a number issues including whether online ride-hailing applications should receive carbon offsets and how to expand the struggling scheme’s use into urban sectors.

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ICAO names advisory board for CORSIA aviation offset scheme

Published 22:12 on March 27, 2019  /  Last updated at 13:09 on March 28, 2019  /  Africa, Americas, Asia Pacific, Aviation, Canada, China, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, South & Central, South Korea, US, Voluntary Market  /  No Comments

UN aviation body ICAO has listed the members of its technical advisory board (TAB) for its CORSIA global offsetting mechanism, adhering to historical splits between rich and poor countries with the latter represented by major CDM host nations and oil majors.

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Re-jigged power projections mean higher Korea ETS demand, say analysts

Published 09:43 on March 22, 2019  /  Last updated at 15:52 on March 22, 2019  /  Asia Pacific, South Korea  /  No Comments

Power companies covered by South Korea’s emissions trading scheme likely emitted some 2.5 million tonnes CO2 more in 2018 than previously estimated, sparking additional KAU demand in the run-in to the June 30 compliance deadline, analysts said Friday.

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ICAP Status Report 2019: Emissions Trading Worldwide

Published 21:51 on March 19, 2019  /  Last updated at 21:51 on March 19, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Canada, China, China's National ETS, China's Pilot Markets, Conversations, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Views  /  No Comments

Carbon Pulse partner ICAP has published its annual Status Report “Emissions Trading Worldwide”. The 2019 edition provides a comprehensive overview of the latest developments and design elements of all ETS in operation, scheduled and under consideration around the world.

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SK Market: Bid limit stops Korean auction from selling out

Published 09:21 on March 13, 2019  /  Last updated at 21:46 on March 13, 2019  /  Asia Pacific, South Korea  /  No Comments

Over a quarter of the allowances on offer at Wednesday’s South Korean CO2 auction went unsold due to the tighter bid limits introduced last week.

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South Korea to bring in ETS market maker from June 10

Published 10:24 on March 8, 2019  /  Last updated at 10:28 on March 8, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korea will introduce a market maker in its emissions trading scheme from June 10, the environment ministry announced Friday, in a bid to boost the sluggish liquidity in the programme.

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South Korea lowers bid limits for Mar. 13 carbon allowance auction

Published 10:23 on March 7, 2019  /  Last updated at 22:28 on March 7, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korea’s environment ministry has halved the allowance volume each ETS participant can bid for at next week’s sale, a move designed to allow more buyers to secure units.

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South Korea to shut down four coal power plant units for four months

Published 12:32 on February 28, 2019  /  Last updated at 12:32 on February 28, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korea will shut down four units at two ageing coal-fired power plants in the March-June to reduce air pollution levels, a move that will also reduce CO2 output regulated by the country’s emissions trading scheme.

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