FEATURE: Offshore wind is gaining traction in APAC, but regulatory gaps, supply chain bottlenecks could stifle deployment
The offshore wind industry in the Asia Pacific is displaying significant growth in a patchwork fashion, but missing regulatory frameworks and significant supply chain bottlenecks down the track will require careful planning, according to experts.
Read MoreSK Market: September auction oversubscribed, though clearing price still below $7.50
South Korea’s latest monthly CO2 permit auction was oversubscribed with the clearing price still below the 10,000 won ($7.43) benchmark, while the price outlook may remain bleak in the absence of policy updates.
Read MoreSouth Korea and Japan to launch global working group on carbon-free energy
South Korea and Japan have decided to extend their collaboration and launch a global working group on the development of carbon-free energy.
Read MoreKorean city to build first commercial-scale green methanol plant in the country
A group of Korean companies have teamed up to develop a green methanol project that can turn a city known for abandoned coal mines into a new clean energy hub.
Read MoreKorean securities firm secures partnership for international mitigation projects
One of the largest securities firms in South Korea has decided to pursue international emissions reduction projects through a newly established partnership, it announced Wednesday.
Read MoreSouth Korea to expand participation and curb surplus in national ETS
South Korea is planning to extend participation and curb permit surplus in its emissions trading system, as the government seeks to reverse the dynamics in the struggling market.
Read MoreKorean steelmakers likely to bear $2.2 bln CBAM costs over next decade, lobby group says
A major South Korean business lobby is urging the government to actively support decarbonisation of the domestic steel industry, as the implementation of the EU’s Carbon Border Adjustment Mechanism (CBAM) could bring Korean steelmakers additional costs of 3 trillion won ($2.2 billion) over the next decade.
Read MoreSouth Korea to mandate SAF use for all international flights starting 2027
South Korea is seeking to impose a sustainable aviation fuel (SAF) blending mandate on all international flights departing the country, come 2027, the Ministry of Trade, Industry, and Energy (MOTIE) announced Friday.
Read MoreSouth Korea ordered to draw up carbon reduction plan through 2049
South Korea’s Constitutional Court on Thursday ordered the government to map out more concrete plans for emissions reductions through 2049, the first of its kind in Asia.
Read MoreSouth Korea sets up special fund to encourage green tech exports, overseas cooperation
South Korea is planning to set up a special fund worth 400 billion won ($300 mln) to encourage public and private investment in overseas projects promoting green transition and carbon reduction.
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