Major Korean automaker enters domestic voluntary carbon market
The automotive finance arm of a major carmaker in South Korea has created a business model that can generate carbon credits for electric vehicles by leveraging the parent group’s resources.
Read MoreSeoul to introduce park bench direct air capture facility in urban spaces
The government of Seoul is planning to introduce direct air capture (DAC) technology that can extract CO2 from the atmosphere in urban areas.
Read MoreKorean marine regulator to support international mitigation projects
South Korea’s ocean affairs regulator is seeking opportunities to provide financial support for international mitigation projects in the marine sector through a newly formed partnership with an inter-governmental organisation.
Read MoreAPAC countries must integrate carbon markets to secure better carbon pricing -report
Countries in the Asia Pacific should develop an integrated market such as the European Union’s emissions trading system (ETS) and synergise different types of carbon markets in the region to create effective carbon price signals, a report released this week suggested.
Read MoreSouth Korea urged to include coal phase-out in 2035 NDC
South Korea should take into consideration the phase-out of coal-fired power plants when drafting climate policies for the country’s 2035 Nationally Determined Contribution (NDC), a think tank has suggested.
Read MoreGlobal trading house, Korean securities firm eye Paris-aligned charcoal project in Ghana
A global trading house and a South Korean securities firm have partnered with a project developer on a Ghana-based emissions reduction project that will create carbon credits aligned with Article 6 of the Paris Agreement.
Read MoreKorean research institute seeks commercialisation of low-carbon seawater desalination technology
A Korean geoscience research institute is pursuing the commercialisation of an emerging seawater desalination technology that can reduce CO₂ through brine treatment.
Read MoreCarbon pricing can lower green premium in Asia steel sector, report says
An effective carbon price can potentially make a greener, hydrogen-based steelmaking process a cost-effective alternative for steelmakers in China and some other Asian countries, a group of researchers have found.
Read MoreAPAC countries should consider complementary policies to ensure effective carbon pricing -IMF
Policymakers in the Asia Pacific should take into consideration complementary policy options such as power sector reforms and fuel tax changes when drawing up carbon pricing schemes, according to the International Monetary Fund (IMF).
Read MoreSouth Korea to allow for CCUS in ETS accounting
South Korea has circulated a proposal that would let CO2 removed through carbon capture, utilisation, and storage (CCUS) be deducted from company emissions accounts under the nation’s emissions trading scheme, according to local media reports.
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