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COP25: Amid record high carbon prices, South Korea pins hopes on UN solution

Published 15:09 on December 13, 2019  /  Last updated at 15:09 on December 13, 2019  /  Asia Pacific, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, South Korea  /  No Comments

South Korean negotiators play a far more active role than usual at this year’s UN climate negotiations in Madrid, hoping to push through rules that would allow Korean ETS firms to buy up to 55-60 million international carbon credits annually throughout the 2020s in a bid to avoid runaway domestic CO2 prices.

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COP25: Roundup for Friday, Dec. 13

Published 14:18 on December 13, 2019  /  Last updated at 23:54 on December 13, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, Climate Talks, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

New Article 6 text dropped well behind schedule at the UN climate summit on Friday, with numerous contentious issues still remaining on agreeing the rulebook to international emissions trading under the Paris Agreement.

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COP25: Roundup for Thursday, Dec. 12

Published 18:41 on December 12, 2019  /  Last updated at 18:41 on December 12, 2019  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Negotiations on the rulebook with International emission trade plodded along in Madrid on Thursday, as slow progress on other elements of operationalising the Paris Agreement solicited fears the UN Climate Summit would once again run well into the weekend.

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COP25: Roundup for Wednesday, Dec. 11

Published 18:01 on December 11, 2019  /  Last updated at 18:15 on December 11, 2019  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The nearly 200 parties to the Paris Agreement on Wednesday dove headfirst into forging an agreement on the market-based Article 6 of the Paris Agreement, while dozens of attendees from environmental and indigenous groups were kicked out by UN security for protesting the slow pace of the talks.

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SK Market: Korean auction clears at new record high on strong demand

Published 08:10 on December 11, 2019  /  Last updated at 18:51 on December 11, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korea’s monthly KAU auction cleared at a record 40,900 won ($34.24) on Wednesday with secondary market prices also hitting all-time highs as strong demand and limited supply continue to push up prices.

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COP25: Roundup for Tuesday, Dec. 10

Published 11:07 on December 10, 2019  /  Last updated at 23:48 on December 10, 2019  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The high-level segment of the UN climate summit kicked off Tuesday as national ministers descended on the Spanish capital, with the Paris Agreement’s market-based Article 6 text still requiring a substantial amount of work. Below is a running summary of those efforts, as well as other happenings at the summit.

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COP25: Roundup for Monday, Dec. 9

Published 13:02 on December 9, 2019  /  Last updated at 09:55 on December 10, 2019  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

UN climate negotiations in Madrid shift into high gear this week with the arrival of ministers from most of the nearly 200 countries attending the COP25 talks tasked with finalising work on emissions trading rules under the Paris Agreement’s Article 6. Below is a running summary of those efforts, as well as other happenings at the summit.

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South Korea to auction 8.25 mln CO2 allowances in 2020

Published 11:20 on December 6, 2019  /  Last updated at 11:20 on December 6, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korea has released the monthly auctioning schedule for its emissions trading scheme next year, with total volume slightly above this year’s levels.

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COP25: With the rules still in flux, governments and businesses scramble to pioneer Paris carbon markets

Published 18:47 on December 5, 2019  /  Last updated at 15:52 on December 6, 2019  /  Africa, Americas, Asia Pacific, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, Voluntary Market  /  No Comments

Businesses and governments on the sidelines of the Madrid climate talks are busy building the foundations for a Paris era international carbon market and carving out a role for themselves, even as delegates remain gridlocked in negotiations over the rules.

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South Korea dismisses calls to intervene against high carbon prices

Published 08:06 on December 3, 2019  /  Last updated at 23:14 on December 3, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korea will not bow to industry pressure by intervening in its domestic carbon market to lower CO2 prices, but instead will help companies reduce emissions, the environment ministry said.

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