Climate Change Data

Ecoeye International

Climate Impact & Sustainability Data (2015-01 to 2017-12, 2019, 2020)

Reporting Period: 2015-01 to 2017-12

Environmental Metrics

ESG Focus Areas

  • Climate Change

Climate Goals & Targets

Environmental Challenges

  • Low liquidity in the Korean Emissions Trading Scheme (ETS) during the first phase (2015-2017), leading to price volatility and allocation complaints.
  • Poor supply of allowances in the market, particularly in the first compliance cycle.
  • Delays in the release of Phase 2 allocation plans and offset usage guidelines.
Mitigation Strategies
  • Doubling the borrowing limit from 10% to 20%.
  • Auctioning an additional 900,000 allowances from the market stability reserve.
  • Announcing an additional 17 million tons of allocation permits and 51 million tons of early action credits.
  • Implementing a restriction of 10% of the annual average allocation + 20,000 tons starting Phase 2.
  • Government intervention to supply up to 30 million tons of reserves if trade imbalance persists.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2019

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Low government demand for CERs after 2011 leading to a 95% fall in CER prices.
  • Uncertainty in negotiations regarding the transition of the CDM to the Paris Agreement.
  • Emissions gap between pledges and temperature goals of the Paris Agreement.
Mitigation Strategies
  • Developing three transition pathways for the CDM under the Paris Agreement, ranging from full transition to strict limitation.
  • Suggesting that governments acquire the accumulated CER surplus to increase ambition of their NDCs.
  • Recommending the introduction of carbon pricing mechanisms to incentivize mitigation investments.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Climate Change
  • Carbon Emissions

Environmental Achievements

  • Decreased emissions in the power generation sector due to fuel switching and fine dust control measures. Overall emissions decreased by -2.1% in 2019 compared to 2018.

Climate Goals & Targets

Environmental Challenges

  • Economic concerns brought by the coronavirus pandemic leading to decreased demand and price volatility in the carbon market.
Mitigation Strategies
  • Market analysis and forecasting to help navigate price volatility and market fluctuations.

Supply Chain Management

Climate-Related Risks & Opportunities

Transition Risks
  • Market shifts due to economic downturn