Top

SK Market: South Korea sees highest-ever price for monthly CO2 auction

Published 09:23 on April 8, 2020  /  Last updated at 00:18 on April 8, 2020  /  Asia Pacific, South Korea  /  No Comments

South Korea’s monthly auction of CO2 allowances sold out on Wednesday, fetching the highest price since the regular sales started last year.

Read More
Top

South Korea extends ETS deadlines, shuffles auction schedule

Published 13:28 on April 7, 2020  /  Last updated at 00:47 on April 7, 2020  /  Asia Pacific, South Korea  /  No Comments

South Korea has extended by a month the deadlines for emissions reporting and compliance under its carbon market amid disruptions caused by the COVID-19 outbreak, and has backloaded some of its monthly KAU auction volume accordingly.

Read More
Top

SK Market: Korean CO2 prices hold firm as market resists virus impact

Published 12:16 on April 3, 2020  /  Last updated at 02:13 on April 4, 2020  /  Asia Pacific, South Korea  /  No Comments

South Korean CO2 prices have not budged during the coronavirus crisis, with allowances consistently trading above 40,000 won ($32.46) despite a worsening economic outlook.

Read More
Top

Carbon consultancy offering ‘Corona Credits’ to offset emissions reduced by global virus lockdown

Published 09:05 on April 1, 2020  /  Last updated at 09:26 on April 1, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, Carbon Taxes, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  1 Comment

*FREE READ* – A new carbon consultancy is calculating the global greenhouse gas emissions being saved by people working from home due to the coronavirus outbreak, and it is packaging and selling the reductions as voluntary carbon offsets.

Read More
Top

Major climate conference nixed over coronavirus

Published 11:55 on March 19, 2020  /  Last updated at 11:55 on March 19, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

A major annual climate change conference scheduled for late May has been cancelled over the coronavirus crisis.

Read More
Top

S. Korea ruling party flags net zero target, carbon tax ahead of April elections

Published 11:47 on March 18, 2020  /  Last updated at 12:15 on March 18, 2020  /  Asia Pacific, Carbon Taxes, South Korea  /  No Comments

South Korea’s ruling Democratic Party has included a 2050 net zero emissions target and a new carbon tax as part of its platform ahead of next month’s parliamentary election, moves that would significantly increase the country’s climate ambitions.

Read More
Top

SK Market: Monthly KAU auction clears higher as demand persists

Published 09:12 on March 11, 2020  /  Last updated at 12:30 on April 7, 2020  /  Asia Pacific, South Korea  /  No Comments

South Korea’s monthly CO2 allowance auction sold out on Wednesday, with the clearing price moving up nearly 1% from last month’s sale as an overall shortage in the market continues to prop up demand.

Read More
Top

SK Market: Korean CO2 prices unscathed from coronavirus, oil crash

Published 12:03 on March 9, 2020  /  Last updated at 12:03 on March 9, 2020  /  Asia Pacific, South Korea  /  No Comments

South Korean CO2 prices remain largely unscathed from the twin economic troubles of the coronavirus and Monday’s oil price crash, as the spot-focused market remains slow in reacting to short-term economic signals.

Read More
Top

Global power emissions fell sharply in 2019, yet 1.5C warming limit “extremely difficult” -report

Published 00:01 on March 9, 2020  /  Last updated at 05:19 on March 9, 2020  /  Americas, Asia Pacific, China, International, South Korea  /  No Comments

Global power sector emissions and coal-fired power generation saw the biggest falls in 2019 since 1990, though maintaining such a trend to limit global warming to 1.5C will be “extremely difficult, a report found on Monday.

Read More
Top

Analysts tighten forecast for South Korea ETS

Published 10:47 on March 5, 2020  /  Last updated at 04:08 on March 6, 2020  /  Asia Pacific, South Korea  /  No Comments

South Korea’s ETS will face a bigger shortage than previously thought ahead of the 2019 compliance season, but will still see a large excess of allowances for 2020, analysts said Thursday.

Read More

We use cookies to improve your website experience and to analyse our traffic. We also share non-personally identifiable information about your use of our site with our analytics partners. By continuing to use our site, you agree to this. More information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close