Hopes fade for progress on a CDM transition this year
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.
Read MoreAnalysts see potential upside for Korean CO2 price as emissions rise
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.
Read MoreSouth Korea curbs fossil fuel output to battle pollution
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.
Read MoreKorea ETS expected to see price, volume uptick as govt finalises allocation
Participants in the South Korean carbon market expect volumes to pick up and prices to rise after the government on Friday finalised installation-level allocations for 2018.
Read MoreSK Market: Prices crawl up to 3-mth high in slumbering Korean ETS
South Korean carbon allowances on Tuesday climbed to a three-month high as buyers begin to pick up available volumes after a lengthy post-compliance slumber in the world’s second-biggest carbon market.
Read MoreTwo more South Korean projects de-register from CDM
Two more South Korean CDM projects, collectively capable of yielding more than 1.2 million CERs annually, have been de-registered by their owner, the electronics giant Samsung.
Read MoreMajor 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.
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