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SK Market: Over-supplied Korean CO2 market plunges to 18-mth low

Published 10:50 on July 9, 2020  /  Last updated at 08:00 on July 10, 2020  /  Asia Pacific, South Korea  /  No Comments

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.

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SK Market: CO2 auction fails to sell out for third straight time, prices hit year-low

Published 09:39 on July 8, 2020  /  Last updated at 21:18 on July 8, 2020  /  Asia Pacific, South Korea  /  No Comments

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.

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SK Market: KAUs extend losses as reality of market fundamentals dawns

Published 12:45 on July 7, 2020  /  Last updated at 23:31 on July 7, 2020  /  Asia Pacific, South Korea  /  No Comments

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.

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SK Market: KAUs drop to 10-month low on sentiment, steady supply

Published 09:36 on July 3, 2020  /  Last updated at 08:03 on July 10, 2020  /  Asia Pacific, South Korea  /  No Comments

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.

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US, Singapore carbon firms partner to develop cookstove projects

Published 12:58 on June 23, 2020  /  Last updated at 15:02 on June 23, 2020  /  Africa, Americas, Asia Pacific, EMEA, International, Other APAC, South Korea, US, Voluntary Market  /  No Comments

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.

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Pandemic impact to hit ETS prices for 2 years, voluntary market more resilient -survey

Published 08:00 on June 23, 2020  /  Last updated at 17:16 on June 24, 2020  /  Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, China's National ETS, EMEA, EU ETS, International, Kyoto Mechanisms, New Zealand, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

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.

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Market stability mechanisms both a necessity and deterrent to ETS linking -study

Published 22:15 on June 22, 2020  /  Last updated at 01:22 on June 23, 2020  /  Americas, Asia Pacific, Carbon Taxes, China's National ETS, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, New Market Mechanisms, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

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.

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Global energy emissions growth sees dip in 2019 as coal’s role fades -BP

Published 10:33 on June 17, 2020  /  Last updated at 01:58 on June 18, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, EU ETS, International, Japan, Mexico, Middle East, New Zealand, Other APAC, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

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.

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SK Market: Korean auction fails to sell out again as demand dwindles

Published 11:30 on June 10, 2020  /  Last updated at 23:50 on June 10, 2020  /  Asia Pacific, South Korea  /  No Comments

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.

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SK Market: CO2 prices sink to 9-month low as traders adjust to virus impact

Published 09:30 on June 5, 2020  /  Last updated at 01:43 on June 6, 2020  /  Asia Pacific, South Korea  /  No Comments

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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