SK Market: Over-supplied Korean CO2 market plunges to 18-mth low
South Korea’s ETS prices collapsed nearly 10% on Thursday to their lowest levels since Jan. 2019, with support disappearing as industrials continued to dump surplus KAUs they normally would have banked.
Read MoreSK Market: CO2 auction fails to sell out for third straight time, prices hit year-low
South Korea failed to sell out its monthly KAU auction for a third time in a row on Wednesday, while secondary market prices fell to their lowest levels since June last year.
Read MoreSK Market: KAUs extend losses as reality of market fundamentals dawns
Carbon permits in South Korea’s emissions trading scheme saw a fourth consecutive session of losses on Tuesday as traders increasingly realise the COVID-19 driven economic downturn means the market will be oversupplied for the foreseeable future.
Read MoreSK Market: KAUs drop to 10-month low on sentiment, steady supply
South Korean carbon allowances on Friday fell below the 30,000-won mark for the first time since last September, as a bearish outlook and a steady stream of supply weigh on prices.
Read MoreUS, Singapore carbon firms partner to develop cookstove projects
Two carbon specialist firms have partnered to develop cookstove carbon offset projects with co-benefits in Africa and Asia – investments for which they are still pursuing funding.
Read MorePandemic impact to hit ETS prices for 2 years, voluntary market more resilient -survey
The COVID-19 pandemic is likely to weigh on ETS prices worldwide for the next two years, with price expectations for the coming decade also dropping, according to an annual survey of carbon market participants and observers published on Tuesday.
Read MoreMarket stability mechanisms both a necessity and deterrent to ETS linking -study
Mechanisms that help manage unexpected shocks in emissions trading schemes are a necessary consideration when weighing the linking of two carbon markets, however existing ones can also act as a deterrent to connecting systems, according to a study released late Friday.
Read MoreGlobal energy emissions growth sees dip in 2019 as coal’s role fades -BP
Global CO2 emissions from energy use grew by 0.5% in 2019, only partially unwinding the unusually strong 2.1% rise in 2018, oil major BP said in its annual energy review published on Wednesday.
Read MoreSK Market: Korean auction fails to sell out again as demand dwindles
South Korea’s monthly carbon allowance auction failed to sell out for the second consecutive time as demand dwindles in line with the coronavirus-driven economic downturn.
Read MoreSK Market: CO2 prices sink to 9-month low as traders adjust to virus impact
South Korean CO2 allowances have slumped to their lowest level since last September on bearish economic data and plentiful supply ahead of 2019 compliance.
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