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Korean Carbon Emissions Trading Market Expanding (Int'l. Report)
Korea Market
Date: 2021-12-20
In Busan, South Korea, the Korea Exchange (KRX) -- South Korea's sole securities exchange operator founded in 2015 -- is reporting 20 local brokerage houses have been approved to participate in Korean carbon emissions/carbon credit trading.
To date, 650 registered businesses as well as five market makers -- the Korea Development Bank, Industrial Bank of Korea, Korea Investment, SK Securities and Hana Financial Investment -- have been approved to participate in the market.
The value of the local carbon emissions trading market grew from 1.6 billion won ($1.3 million) in 2018 to 2.5 billion won in 2020. The South Korean emissions credit price is around 30,000 won per ton, up from 8,000 won in 2015. (Source: Korea Exchange, Korea Times, Dec., 2021) Contact: Korea Exchange, www. global.krx.co.kr/main/main.jsp
More Low-Carbon Energy News Korea Carbon Market, Carbon Credit, Carbon Tax,