February 2021: Korean Market Update


Korean Market Update


Emissions in 2020  is expected to decrease by -7.1% compared to 2019, according to Ecoeye's forecast. The power generation, cement, and oil refining sectors are expected to have a decrease of -15.4%, -10.4%, ad -9.3%, respectively. 

The net surplus is also expected to expand between 30.3 million tons to 34.37 million tons with several million tons expected to be automatically retired after the compliance year. 

For the first half of 2021, Ecoeye forecasts a high of KRW 23,000 and low of KRW 10,000.  


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