Platts rolls Korea Allowance Unit vintage to KAU23 from Aug 1

Platts, part of S&P Global Commodity Insights, has rolled the vintage reflected by its Korea Allowance Unit assessment from KAU22 to KAU23 from Aug. 1, 2023.

Platts assesses over-the-counter current year KAU spot prices taking into consideration the most liquid units traded in the market, rolling on the first working day of August in the following year, in line with the rules set out by the South Korean Ministry of the Environment

It is further clarified that Korea Exchange will continue to list the KAU22 contract until the end of August but Platts will start assessing the KAU price as the KAU23 price from Aug. 1 to reflect the most liquid unit traded in the over-the-counter market.

KAUs are GHG emission allowances allocated to entities subject to emissions targets under the Korea Emissions Trading Scheme (K-ETS). South Korea's Ministry of Environment freely allocates some KAUs to participants in the K-ETS and sells others into the market via monthly auction. One KAU is equivalent to 1 mtCO2e.

Both Platts KAU and Platts KOC prices are published in KRW/mtCO2e to a 1300 South Korea time stamp and published in the Platts Carbon Markets Daily, Platts Carbon Markets Alert, Energy Transition Alert, and in the Platts Pricing Database under market data category ACM.

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