Since the beginning of initial trading on 12 January 2015, 1,380KAUs of Vintage 2015 have been traded, with no transactions for Vintage 2016 and Vintage 2017. This report provides a look back and forward at the South Korean ETS with a review and outlook. The outlook contains four sections: fundamentals, policy, behaviour, and trade.
The fundamental outlook includes a look at emissions projections, the power and energy industry, allocation, and offset projects. The policy outlook includes the 7th Power Supply and Demand Plan release, possible emissions costs compensation, Kori #1 decommissioning or 2nd reoperation, and potential introduction of market stabilisation measures.
Review and Outlook of: