CDM board alters fee system to address growing number of unclaimed CERs
The CDM’s Executive Board this week took steps to curb the increasing number of CERs that are sitting in UNFCCC ‘pending accounts’ awaiting payment of required issuance fees by their owners.
Read MorePermit extension casts doubt over South Korea plans to limit coal, CO2
South Korea has extended the construction period for two coal-fired power plant units, sowing doubt over new President Moon Jae-in’s intention to halt new coal plants while potentially adding tens of millions of tonnes of CO2 to the country’s emissions output.
Read MoreSK Market: Korean emitters cruise to compliance deadline as borrowing rules ease process
South Korean carbon allowances prices barely budged in the two weeks running up to Friday’s 2016 compliance deadline, as generous borrowing rules meant short companies had no need to buy last minute.
Read MoreSouth Korea to phase out nuclear power in energy market overhaul
South Korean President Moon Jae-in on Monday said he would shut down ageing nuclear plants and abandon construction of new ones in a bid to improve national security, though the move could also put at risk the nation’s ability to meet its climate change commitments.
Read MoreCARBON FORWARD 2017: Draft programme released
We’re excited to release the draft programme for this year’s Carbon Forward 2017 conference and training day.
Read MoreSK Market: KAUs fall to 5-month low as last of 2016 surplus hits market
South Korean CO2 permits fell to their lowest levels since January amid moderate demand and despite this likely being the last day of significant supply coming to market before the June 30 compliance deadline.
Read MoreSK Market: Korean CO2 falls as govt verification brings record volumes to market
South Korean CO2 allowances came off recent highs on Friday, shedding 2.4% as a government confirmation of company emission reports saw record volumes trade on the Korea Exchange.
Read MoreChina, EU beef up climate commitments as Trump breaks away
China and the EU have strengthened a joint statement on climate that will be delivered in Brussels on Friday, promising to step up their efforts after President Donald Trump moved to pull the US out of the Paris Agreement.
Read MoreReactions to Trump’s decision to pull the US out of Paris
President Donald Trump has announced that the US will leave the Paris Agreement but is open to renegotiating a “fairer” deal. Below is a collection of reactions from lawmakers, experts and other stakeholders from around the world over the decision.
Read MorePresident Trump confirms US withdrawal from “unfair” Paris Agreement
President Donald Trump has announced that the US will leave the Paris Agreement but is open to renegotiating a “fairer” deal, setting off a major rift between the Republican-controlled government and the rest of the world on climate change.
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