BY THE NUMBERS: Data sheds light on unused CER supply, Kyoto unit trading
There remains more than 860 million unused CERs – a massive supply of offsets that could potentially be tapped by airlines to comply with ICAO’s CORSIA scheme or which could find its way into the Paris Agreement era.
Read MoreSK Market: Korean CO2 auction clears below market amid low interest
South Korea sold out all allowances on offer in Wednesday’s auction, but the sale cleared 1.3% below the secondary market as only five companies submitted bids.
Read MoreKorean firms eye Myanmar mangrove CDM project
South Korean state-owned power company KEPCO and trading firm Ecoeye are investing in a mangrove forest project in Myanmar that will be registered under the CDM and generate offsets eligible in the Korean emissions trading scheme.
Read MoreCarbon pricing schemes grow in numbers, but still too few and too cheap to meet Paris goals -report
The number of planned or implemented carbon pricing mechanisms worldwide has grown to 57, but without expanded coverage and higher prices they won’t be sufficient to help meet the temperature goals in the Paris Agreement, a World Bank report said Friday.
Read MoreSouth Korea announces new KAU banking regulations
South Korea on Thursday announced new regulations that will limit the amount of CO2 allowances emitters can bank into the future without offloading some of their surplus, in a bid to address concerns over liquidity in the nation’s emissions trading scheme.
Read MoreSouth Korea delays ETS compliance deadline to resolve banking issue
South Korea has delayed the annual compliance deadline in its emissions trading scheme by two months to allow all market participants to acquire the CO2 allowances they need, with the government opting to allow emitters more time amid a supply squeeze caused by permit hoarding.
Read MoreSK Market: Korean CO2 prices plunge as govt moves to solve hoarding issue
South Korean CO2 allowances fell nearly 6% in Monday trade as the government moves to impose restrictions on allowance banking, forcing supply to come to market over the next six weeks.
Read MoreSouth Korea picks two banks to fill ETS market maker role
South Korea on Friday announced it has chosen two government-owned policy banks as market makers in the nation’s emissions trading scheme in a bid to boost market liquidity.
Read MoreSK Market: KAUs extend record highs as supply squeeze continues
South Korean carbon allowances inched upwards in Thursday trade to hit new record highs for the fifth time in just over two weeks as sellers continued to sit on their surplus units rather than bringing them to market.
Read MoreSK Market: Korean CO2 prices extend all-time highs, but auction settles lower
South Korean carbon allowances again rose to new record highs in Wednesday trade, but later in the day the monthly KAU auction settled 4.6% below the secondary market.
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