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South Korea increases CO2 allocation amid growth prospects for industry

Published 11:53 on July 11, 2018  /  Last updated at 11:53 on July 11, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korea on Wednesday released the allocation plan for the second phase of its emissions trading scheme, adding more than 30 million permits annually for industrials to support their short-term growth prospects.

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South Korea to make deeper CO2 cuts at home, scales down plans to buy international offsets

Published 08:55 on June 28, 2018  /  Last updated at 23:37 on June 28, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korea on Thursday released a revised 2030 roadmap for meeting its Paris obligations, scaling back the amount of international carbon credits it plans to buy and instead imposing tougher emission reduction goals on domestic industry.

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SK Market: KAUs rise to 3-week high as compliance demand remains

Published 11:30 on June 25, 2018  /  Last updated at 11:30 on June 25, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korean CO2 allowances rose to a 3-week high on Monday as demand lingered ahead of the June 30 compliance deadline.

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South Korean firms ink PoA deal as country eyes new CDM projects following carbon market rule change

Published 11:39 on June 20, 2018  /  Last updated at 11:39 on June 20, 2018  /  Asia Pacific, International, Kyoto Mechanisms, Other APAC, South Korea  /  No Comments

Three South Korean firms have signed a preliminary agreement to invest in a cookstove PoA, as investors and participants in the country’s emissions trading scheme dip their toes back into the CDM market after the government earlier this year made some UN-issued carbon credits eligible for compliance use.

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Undersubscribed South Korean carbon auction settles at discount

Published 11:30 on June 11, 2018  /  Last updated at 13:52 on June 11, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korea’s June 1 CO2 permit auction sold 85% of the allowances on offer, settling at a 2% discount to the secondary market, according to a government official on Monday.

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SK Market: Korean carbon extends losses even as demand remains strong

Published 10:34 on June 8, 2018  /  Last updated at 16:53 on June 8, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korean CO2 permits lost another 2.25% on Friday to hit their lowest levels since January, even as volumes remained far above average levels as emitters race to meet the June 30 compliance deadline.

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SK Market: KAUs extend losses as swaps take edge off demand

Published 11:11 on June 7, 2018  /  Last updated at 19:02 on June 7, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon allowances lost another 2% on Thursday as last week’s government auction and a large amount of swap deals have taken some of the edge off compliance demand, which has been estimated to be as high as 30 million.

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SK Market: KAUs drift further as supply finally emerges

Published 10:30 on June 5, 2018  /  Last updated at 13:00 on June 5, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon allowances drifted further on Tuesday as emitters picked up nearly a million KAUs coming to market ahead of a deadline for banking units.

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SK Market: KAUs weaken as market digests unclear auction information

Published 10:18 on June 4, 2018  /  Last updated at 12:16 on June 4, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon allowances weakened slightly on Monday as the government failed to release outright results from Friday’s auction, leaving traders uncertain how to respond.

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SK Market: KAUs slide further but volumes soar as govt auction tempers market

Published 10:54 on June 1, 2018  /  Last updated at 18:03 on June 1, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korean allowances slipped further on Friday as the government’s auction announcement took some of the edge off the demand rush that had seen prices hit fresh six-month highs earlier this week.

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