SK Market: Monthly KAU auction sells out, though price remains low amid dim demand
South Korea’s monthly CO2 permit auction on Wednesday was again oversubscribed, though the price outlook may remain bleak in the near term due to persistent low demand in the national carbon market.
Read MoreSouth Korea, Indonesia sign Article 6 deal
South Korea and Indonesia have signed a Memorandum of Understanding (MoU) on the implementation of projects under Article 6 of the Paris Agreement.
Read MoreNovel hydrogen and graphite developer partners with South Korean steel giant in emissions-cutting plan
Western Australia-based hydrogen and graphite start up Hazer on Friday announced it has signed a Memorandum of Understanding with South Korean steelmaking giant Posco to collaborate on green steel development.
Read MoreSouth Korea should consider additional carbon trading scheme for regions, researchers say
South Korea should consider more policy arrangements for domestic cities to utilise carbon market mechanisms, such as the creation of a regional carbon trading framework, to drive down emissions from the urban sector, researchers have suggested.
Read MoreCarbon pricing proves its worth in reducing emissions, global meta-study shows
Carbon pricing schemes, such as taxes and cap-and-trade systems, are significantly reducing global greenhouse gas emissions, a new meta-study has found, though the results vary widely depending on the policy’s design and implementation.
Read MoreCambodia launches APAC-focused initiative to promote carbon policy collaboration
Cambodia’s environment ministry has teamed up with a Korean non-profit to launch an APAC-focused initiative, in a bid to encourage collaboration on emissions rights across the region.
Read MoreIndonesia expands CCS plans with US, Korean oil giants
Indonesia is expanding its carbon capture and storage (CCS) plans after its state oil company signed an agreement with US oil giant ExxonMobil and South Korea’s KNOC, while the former two also signed another agreement to develop a CCS ‘hub’ in the Sunda and Asri basins.
Read MoreSouth Korea plans blue carbon trading system -minister
The government of South Korea has proposed to launch a trading programme exclusively for blue carbon, following a national strategy aimed at improving the marine sector’s carbon sequestration capacity.
Read MoreSK Market: South Korean low-volume CO2 auction sells out, though market sentiment remains negative
South Korea’s monthly CO2 permit auction on Thursday was oversubscribed, though the auctioned volume remains significantly lower than those offered in the previous events amid sluggish demand in the secondary market.
Read More2023 hailed as a possible turning point for clean power, as renewables surpass 30% of global generation
Solar and wind growth has propelled the world past 30% renewable electricity for the first time in 2023, marking a turning point in the shift away from fossil fuel power, according to a review of country-level data published on Wednesday.
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