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SK Market: Korean auction undersubscribed, but price firms

Published 07:57 on December 9, 2020  /  Last updated at 00:28 on December 10, 2020  /  Asia Pacific, South Korea  /  No Comments

South Korea sold 92% of the CO2 allowances on offer in Wednesday’s monthly auction, but the settlement price rose over 4% from the November sale amid a firmer secondary market.

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South Korea to overhaul carbon pricing system

Published 13:05 on December 7, 2020  /  Last updated at 23:11 on December 7, 2020  /  Asia Pacific, South Korea  /  No Comments

South Korea plans to strengthen its carbon pricing system as part of its 2050 net zero emissions strategy, though Finance Minister Hong Nam-ki on Monday would not commit to putting in place a carbon tax.

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UN considers stopgap CDM deal to stave off Paris-era freeze out

Published 13:54 on November 30, 2020  /  Last updated at 13:54 on November 30, 2020  /  Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, South Korea, Voluntary Market  /  No Comments

UN officials are considering ways of temporarily maintaining the CDM into 2021, aiming to avert killing off the offset mechanism before countries decide whether it can transition into the Paris Agreement era.

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South Korea president flags tougher 2030 target by end of term

Published 08:57 on November 27, 2020  /  Last updated at 23:06 on November 27, 2020  /  Asia Pacific, South Korea  /  No Comments

South Korea will increase its 2030 climate target before the administration’s term ends in May 2022, President Moon Jae-in said Friday.

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Japan, South Korea oppose move to bring global shipping into EU carbon market

Published 17:30 on November 26, 2020  /  Last updated at 22:39 on November 26, 2020  /  Asia Pacific, EMEA, EU ETS, International, Japan, Shipping, South Korea  /  No Comments

Japan and South Korea have voiced concerns over EU plans to extend the scope of its ETS to include emissions from all voyages using the 27-nation bloc’s ports, which the European Commission is considering as part of its carbon market reform plans.

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South Korea to again shut coal plants over winter to tackle pollution

Published 09:44 on November 26, 2020  /  Last updated at 22:44 on November 26, 2020  /  Asia Pacific, South Korea  /  No Comments

South Korea will close a number of coal-fired power plants during the winter months to reduce air pollution, the government announced Thursday, a move that will also mute demand for CO2 allowances in the nation’s emissions trading scheme.

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Audio recordings of Carbon Pulse’s side events at the ICAP-IETA Carbon Markets Virtual Pavilion

Published 16:46 on November 12, 2020  /  Last updated at 17:37 on November 12, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, Carbon Taxes, CBAM, China, China's National ETS, China's Offset Market, China's Pilot Markets, Climate Talks, Conversations, Dialogue, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Newsletter, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, US, Views, Voluntary Market  /  No Comments

Here is a summary of Carbon Pulse’s free side events at this week’s IETA-ICAP Carbon Markets Virtual Pavilion, along with links to the audio recordings. (Video recordings not available to due to file size considerations)

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SK Market: Oversupply stunts interest at South Korea CO2 auction

Published 08:18 on November 11, 2020  /  Last updated at 23:28 on November 11, 2020  /  Asia Pacific, South Korea  /  No Comments

South Korea on Wednesday sold just over half the allowances on offer at its monthly KAU auction, with prices coming in well below secondary market levels as expectations about oversupply tamed interest.

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MARCU MY WORDS: The importance of the Article 6 Guidelines to the success of the Paris Agreement

Published 22:46 on November 4, 2020  /  Last updated at 22:46 on November 4, 2020  /  Asia Pacific, Aviation/CORSIA, Climate Talks, Dialogue, International, Japan, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, Shipping, South Korea, Views, Voluntary Market  /  No Comments

The absence of the Article 6 Guidelines creates uncertainty for the accounting treatment of assets in the emerging carbon market under the Paris Agreement as well as for other related markets. The importance of the international accounting treatment cannot be overstated.

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Analysts see limited upside potential for South Korean CO2 prices

Published 10:10 on November 4, 2020  /  Last updated at 02:19 on November 5, 2020  /  Asia Pacific, South Korea  /  No Comments

Korean CO2 allowance prices might move slightly up from current levels of 22,500 won ($19.70) during the 2020 compliance cycle, but will get nowhere near the highs seen in the first few months of this year amid sizeable oversupply, analysts said Wednesday.

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