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Analysts see further upside to Korean CO2 price

Published 09:35 on February 18, 2019  /  Last updated at 09:35 on February 18, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon allowances are valued near all-time high levels, but prices could move up further in the short term as a lack of available supply continues in the market, analysts said Monday.

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SK Market: KAUs rise to 8-mth high on strong auction

Published 06:02 on February 14, 2019  /  Last updated at 22:31 on February 14, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon permits traded up to their highest prices since last June on Thursday on the back of a strong auction that cleared almost 6% above the secondary market.

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SK Market: KAU auction clears 2% above secondary market

Published 09:20 on January 23, 2019  /  Last updated at 13:57 on January 23, 2019  /  Asia Pacific, South Korea  /  No Comments

Wednesday’s South Korean CO2 auction sold out, with the clearing price coming in 2% above the secondary market and reflecting a supply dearth.

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South Korea to hold first regular CO2 auction

Published 10:28 on January 22, 2019  /  Last updated at 00:06 on January 23, 2019  /  Asia Pacific, South Korea  /  No Comments

The Korea Exchange will on Wednesday hold the nation’s first regular carbon allowance auction, a new feature as the market shifts from full free allocation.

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Korean developers push on with CDM projects despite potential UN restrictions

Published 10:56 on January 16, 2019  /  Last updated at 21:12 on January 16, 2019  /  Asia Pacific, International, Kyoto Mechanisms, South Korea  /  No Comments

South Korean project developers continue to identify and launch new CDM projects for use in the domestic ETS despite lingering uncertainty over the mechanism’s future and their government being outmanoeuvred at UN climate talks.

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Global CO2 trading volume spikes 45% in 2018, value soars 250% amid reforms -analysts

Published 21:25 on January 15, 2019  /  Last updated at 21:27 on January 15, 2019  /  Americas, Asia Pacific, Canada, China, China's National ETS, China's Offset Market, China's Pilot Markets, EMEA, EU ETS, International, Kyoto Mechanisms, New Zealand, South Korea, US  /  No Comments

Global traded carbon volumes rose 45% in 2018 to a five-year high of 9.1 billion tonnes as the dominant EU ETS market notched stellar price gains, Refinitiv analysts said in an annual market review on Tuesday.

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COP24: South Korea plans ETS changes to boost liquidity

Published 14:16 on December 11, 2018  /  Last updated at 01:53 on December 12, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korea is planning a number of amendments to trading rules for its emissions trading scheme in a bid to improve market liquidity and make the programme more effective.

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Hopes fade for progress on a CDM transition this year

Published 22:54 on November 19, 2018  /  Last updated at 09:54 on November 20, 2018  /  Americas, Asia Pacific, Aviation, Canada, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, New Zealand, REDD, South Korea, Switzerland, Voluntary Market  /  No Comments

Governments are not expected to offer much clarity on how the CDM will transition into the post-2020 Paris Agreement era as year-end UN talks in Katowice get bogged down in other issues, observers say.

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Analysts see potential upside for Korean CO2 price as emissions rise

Published 10:19 on November 13, 2018  /  Last updated at 23:24 on November 13, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon prices are at their highest since July but could go even higher as rising emissions in some of the biggest ETS sectors are set to further deplete available supply in the market, according to analysts.

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South Korea curbs fossil fuel output to battle pollution

Published 12:12 on November 7, 2018  /  Last updated at 23:18 on November 7, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korea on Wednesday for the first time ordered selected coal- and oil-fired plants to briefly cut output in a bid to reduce air pollution – a move set to become a more regular occurrence impacting CO2 levels next year when the government imposes mandatory rules.

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