New report offers daily price transparency in
Australia, China, New
Zealand and South
Korea
SINGAPORE, March 25,
2024 /PRNewswire/ -- OPIS, a Dow Jones company
and a leading provider of environmental and energy markets data,
marks a decade of trusted carbon market price assessments with the
launch of its inaugural APAC Carbon Market Report.
Environmental programs in the Asia-Pacific region have ignited demand for
carbon credits as countries increasingly implement decarbonization
market initiatives to meet climate targets. These markets are
diverse in their scope and ambition, which presents opportunities
and risks for carbon market participants across the region.
This new APAC Carbon Market Report provides daily price
transparency and insights for emissions trading schemes in
Australia, China, New
Zealand and South Korea,
serving as an essential resource for compliance entities,
jurisdictional agencies, traders, researchers, market analysts,
brokers and consultants. Other features of the report include data
visualizations, breaking news coverage, market analysis and a
calendar of events featuring upcoming policy updates, market events
and conferences.
"We are delighted to extend our carbon market coverage to the
Asia-Pacific region to help market
participants understand and navigate carbon trading dynamics," said
Lisa Street, executive
director of climate and carbon markets at OPIS. "Initiatives that
put a price on carbon are proven mechanisms for achieving
decarbonization objectives and reaching climate policy goals.
Through reliable price reporting and insightful news, OPIS ensures
that stakeholders are always well-informed, enabling them to make
decisions backed by data that captures the intricacies of each
market."
From Australia's Safeguard
Mechanism overhaul to anticipated reforms in the South Korea
Emissions Trading Scheme, policy shifts are reshaping the carbon
pricing landscape. OPIS assessments reveal this regional disparity,
with New Zealand Units averaging NZ$70.60 per metric ton
(US$43.60/mt) in February
2024–significantly higher than Generic Australian Carbon Credit
Units at AU$35.60 (US$23.20/mt) and
Korean Allowance Units at ₩9,072 (US$6.80/mt).
OPIS is part of Dow Jones Energy, which provides market-leading
news, research, analysis, price-benchmarking and forecasting
capabilities to help customers navigate the global energy
transition. The APAC Carbon Market Report complements OPIS's suite
of existing carbon price coverage for North America compliance markets and global
voluntary markets that address the urgent global need to reduce
carbon emissions. OPIS has provided daily price transparency for
the compliance carbon markets since 2014 and the global voluntary
carbon markets since 2020.
To learn more about the APAC Carbon Market Report, please visit
opisnet.com/apac-carbon.
About OPIS
OPIS, a Dow Jones company, provides accurate pricing, real-time
news and expert analysis across the global fuel supply chain,
including the Spot, Wholesale Rack and Retail markets. OPIS and its
brands, McCloskey, PetroChem Wire, Axxis and Chemical Market
Analytics, enable customers to buy and sell energy commodities with
confidence across the globe via easy access to transparent data,
expert-level customer support, educational events and energy data
solutions.
OPIS assessments reflect confirmed bids, offers and trades
reported by approved traders, brokers and electronic platforms.
Full details about OPIS pricing methodologies are available at
opisnet.com/about/methodology.
About Dow Jones
Dow Jones is a global provider of news
and business information, delivering content to consumers and
organizations around the world across multiple formats, including
print, digital, mobile and live events. Dow Jones has produced
unrivaled quality content for more than 130 years and today has one
of the world's largest news-gathering operations globally. It is
home to leading publications and products including the flagship
Wall Street Journal, America's largest newspaper by paid
circulation; Barron's, MarketWatch, Mansion Global, Financial News,
Investor's Business Daily, Factiva, Dow Jones Risk &
Compliance, Dow Jones Newswires, OPIS and Chemical Market
Analytics. Dow Jones is a division of News Corp (Nasdaq: NWS, NWSA;
ASX: NWS, NWSLV).
View original content to download
multimedia:https://www.prnewswire.com/news-releases/opis-launches-inaugural-asia-pacific-carbon-report-302098658.html
SOURCE Dow Jones & Company, Inc.