SK Market: South Korea sees highest-ever price for monthly CO2 auction
South Korea’s monthly auction of CO2 allowances sold out on Wednesday, fetching the highest price since the regular sales started last year.
Read MoreSouth Korea extends ETS deadlines, shuffles auction schedule
South Korea has extended by a month the deadlines for emissions reporting and compliance under its carbon market amid disruptions caused by the COVID-19 outbreak, and has backloaded some of its monthly KAU auction volume accordingly.
Read MoreSK Market: Korean CO2 prices hold firm as market resists virus impact
South Korean CO2 prices have not budged during the coronavirus crisis, with allowances consistently trading above 40,000 won ($32.46) despite a worsening economic outlook.
Read MoreCarbon consultancy offering ‘Corona Credits’ to offset emissions reduced by global virus lockdown
*FREE READ* – A new carbon consultancy is calculating the global greenhouse gas emissions being saved by people working from home due to the coronavirus outbreak, and it is packaging and selling the reductions as voluntary carbon offsets.
Read MoreMajor climate conference nixed over coronavirus
A major annual climate change conference scheduled for late May has been cancelled over the coronavirus crisis.
Read MoreS. Korea ruling party flags net zero target, carbon tax ahead of April elections
South Korea’s ruling Democratic Party has included a 2050 net zero emissions target and a new carbon tax as part of its platform ahead of next month’s parliamentary election, moves that would significantly increase the country’s climate ambitions.
Read MoreSK Market: Monthly KAU auction clears higher as demand persists
South Korea’s monthly CO2 allowance auction sold out on Wednesday, with the clearing price moving up nearly 1% from last month’s sale as an overall shortage in the market continues to prop up demand.
Read MoreSK Market: Korean CO2 prices unscathed from coronavirus, oil crash
South Korean CO2 prices remain largely unscathed from the twin economic troubles of the coronavirus and Monday’s oil price crash, as the spot-focused market remains slow in reacting to short-term economic signals.
Read MoreGlobal power emissions fell sharply in 2019, yet 1.5C warming limit “extremely difficult” -report
Global power sector emissions and coal-fired power generation saw the biggest falls in 2019 since 1990, though maintaining such a trend to limit global warming to 1.5C will be “extremely difficult, a report found on Monday.
Read MoreAnalysts tighten forecast for South Korea ETS
South Korea’s ETS will face a bigger shortage than previously thought ahead of the 2019 compliance season, but will still see a large excess of allowances for 2020, analysts said Thursday.
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