Ministry of Environment to Recruit 3 Additional Financial Institutions as Market Makers for Greenhouse Gas Emissions Trading

[Asia Economy Reporter Joo Sang-don] The Ministry of Environment announced on the 22nd that it will designate three additional institutions to the current market makers, KDB Industrial Bank and IBK Industrial Bank, to revitalize the greenhouse gas emissions trading market. Accordingly, institutions wishing to apply by the 31st can submit the application form for designation as a market maker in the greenhouse gas emissions trading market to the Ministry of Environment.

Market makers in the emissions trading market perform market-making duties by signing contracts with the Ministry of Environment to supply liquidity to the emissions market. Once designated as a market maker, they must present and trade bid and ask prices for greenhouse gas emissions allowances daily, report their market-making performance to the Ministry of Environment monthly, and undergo evaluation.

To be designated as a market maker in the emissions trading market, an entity must be a member of the Korea Exchange and meet the criteria specified in Article 22-2 of the "Act on Allocation and Trading of Greenhouse Gas Emission Permits" and Article 37 of the Enforcement Decree of the same Act. Additionally, they must appoint at least two personnel responsible for market-making duties and must not have been criminally punished for violations of the "Capital Markets Act" or related laws in the past year.

The Ministry of Environment plans to select contract candidates based on quantitative and qualitative evaluations of the applying financial institutions, ranking them by total score, and after signing contracts, officially designate three financial institutions as market makers in the emissions trading market.

This content was produced with the assistance of AI translation services.