SK Market: KAUs drop to 10-month low on sentiment, steady supply
South Korean carbon allowances on Friday fell below the 30,000-won mark for the first time since last September, as a bearish outlook and a steady stream of supply weigh on prices.
Read MoreUS, Singapore carbon firms partner to develop cookstove projects
Two carbon specialist firms have partnered to develop cookstove carbon offset projects with co-benefits in Africa and Asia – investments for which they are still pursuing funding.
Read MorePandemic impact to hit ETS prices for 2 years, voluntary market more resilient -survey
The COVID-19 pandemic is likely to weigh on ETS prices worldwide for the next two years, with price expectations for the coming decade also dropping, according to an annual survey of carbon market participants and observers published on Tuesday.
Read MoreMarket stability mechanisms both a necessity and deterrent to ETS linking -study
Mechanisms that help manage unexpected shocks in emissions trading schemes are a necessary consideration when weighing the linking of two carbon markets, however existing ones can also act as a deterrent to connecting systems, according to a study released late Friday.
Read MoreGlobal energy emissions growth sees dip in 2019 as coal’s role fades -BP
Global CO2 emissions from energy use grew by 0.5% in 2019, only partially unwinding the unusually strong 2.1% rise in 2018, oil major BP said in its annual energy review published on Wednesday.
Read MoreSK Market: Korean auction fails to sell out again as demand dwindles
South Korea’s monthly carbon allowance auction failed to sell out for the second consecutive time as demand dwindles in line with the coronavirus-driven economic downturn.
Read MoreSK Market: CO2 prices sink to 9-month low as traders adjust to virus impact
South Korean CO2 allowances have slumped to their lowest level since last September on bearish economic data and plentiful supply ahead of 2019 compliance.
Read MoreGlobal carbon market sees modest growth in 2019, strong interest in forestry -World Bank
Global carbon markets expanded marginally last year and saw modest growth in government revenues, but interest in offset projects rose with forestry leading the way, according to an annual report released Thursday by the World Bank.
Read MoreSK Market: KAUs rebound as big buyers step in
South Korean CO2 allowances recorded a sixth successive session of gains on Thursday, rising 6.4% on the day as several large buyers have stepped in to take advantage of the drop that took almost a quarter off KAUs’ worth earlier this month.
Read MoreSouth Korea ETS emissions fall in 2019, leaving market marginally over-supplied
South Korean ETS emissions fell for the first time in 2019, driven by CO2 cuts in the power sector and leaving the market overall marginally over-supplied, the environment ministry said Thursday.
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