South Korean CO2 price hits new highs

Prices in the Korean carbon market surged to new all-time highs this week despite recent changes in the administration of the ETS that have brought widespread anticipation that supply will increase.

The offset contract on the Korea Exchange (KRX) rose 10% on Tuesday to close at 17,600 won ($14.59), with 8,300 Korean Carbon Units (KCUs) changing hands.


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