SK Market: Korean auction sells out, clears 4.3% below market
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.
Read MoreSouth Korea triples volume available in April CO2 auction
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.
Read MoreCDM board weighs expanding struggling scheme to ride-sharing apps, other urban sectors
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.
Read MoreICAO names advisory board for CORSIA aviation offset scheme
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.
Read MoreRe-jigged power projections mean higher Korea ETS demand, say analysts
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.
Read MoreICAP Status Report 2019: Emissions Trading Worldwide
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.
Read MoreSK Market: Bid limit stops Korean auction from selling out
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.
Read MoreSouth Korea to bring in ETS market maker from June 10
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.
Read MoreSouth Korea lowers bid limits for Mar. 13 carbon allowance auction
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.
Read MoreSouth Korea to shut down four coal power plant units for four months
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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