August 2018: Korea ETS Update


2030 Greenhouse Gas Reduction Roadmap and Phase 2 Allocation Plan

South Korea's GHG roadmap and second phase allocation plan have been approved by the Cabinet and the Green Growth Committee in an assembly held last month. The revised roadmap increased the domestic reduction to 32.5% out of the 37% commitment to the Paris Agreement. 

Korean Market Update

After peaking at KRW 28,000 by the end of June due to the compliance rush and the news of the roadmap revision, the market spiraled downwards as remaining KAU17 transactions were left for entities that applied for appeals. 



[published: 2018-August-27]