Major Korean coal region joins anti-coal alliance
Korea’s South Chungcheong province on Tuesday became the first Asian jurisdiction to join the UK- and Canadian-led Powering Past Coal Alliance, a move that will see closing dates for 14 coal plants brought forward by up to five years.
Read MoreSouth Korea’s GHG emissions inch higher
South Korea’s GHG emissions rose 0.2% in 2016 to 694.1 MtCO2e, primarily due to an increase in energy-related emissions, the government announced Friday.
Read MoreSouth Korea’s ETS worth $1.54 bln in first three years
Trading volumes in South Korea’s emissions trading scheme doubled in each of the programme’s first three years, with its overall value hitting 1.72 trillion won ($1.54 billion) despite the market being long 0.96% over the period, the government said.
Read MoreAnalysts see bumpy road ahead for South Korea’s CO2 market
South Korean CO2 prices are likely to be volatile over the next three years as an early, large permit surplus is replaced by shortages later in the trading phase, analysts at trading firm Ecoeye said Thursday.
Read MoreSouth Korea orders Samsung to pull failed CDM project
The South Korean government has ordered Samsung Electronics to withdraw a CDM project that originally aimed at generating nearly 770,000 carbon credits per year over a decade.
Read MoreCOMMENT – Wanted: Team coach for the Green Climate Fund
Reaching agreement on replenishment in the GCF family is easier said than done. Among several hotly debated issues at its last Board meeting was an hours-long discussion of how to launch replenishment — with no resolution. If we want the GCF to succeed, the Board needs to get past the logjam. Here’s WRI’s take on how they could.
Read MoreUNFCCC pulls offsetting promotion after being accused of mocking low-carbon lifestyle changes
The UN’s climate division hastily pulled a social media campaign and accompanying video relaunching its voluntary offsetting platform on Wednesday, just hours after the ad was panned by campaigners and other viewers for mocking people’s efforts to lead a low-carbon lifestyle.
Read MoreUN approval to open gates for international credits in South Korea’s ETS
The UN’s CDM Executive Board has registered a Korean-funded emission reduction programme in Bangladesh, a move expected to trigger a wave of fresh investments in schemes that can generate carbon credits eligible for use in the South Korean emissions trading scheme.
Read MoreSK Market: Korea ETS sees sporadic trade, softer prices as remaining emitters chase compliance permits
Korean 2017 allowances fell slightly on Tuesday but held above $20 as a few companies that are yet to surrender permits for last year dipped into the market to pick up a modest 57,000 KAUs.
Read MoreSouth Korea’s cabinet approves ETS allocation plan, 2030 GHG roadmap
South Korea’s cabinet on Tuesday approved two key climate plans that will set the nation on course to meet its 2030 Paris pledge, while also allowing a near-term rise in CO2 emissions from ETS-regulated companies.
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