A Study on the Market Analysis & Demand Forecasting of $CO_2$ Reduction and Sequestration Technologies

온실가스 저감 및 처리기술의 시장 분석 및 수요예측 연구

As the Kyoto Protocol will come into effect starting February 2005, 55 member countries of the Conference of Parties of the Framework Convention on Climate Change (FCCC) will be under obligation to reduce the emissions of Carbon Dioxide $(CO_2)$ by 5.2 Percent from the 1990 levels before the year 2012. Hence the development of technology to prepare for this has been accelerated in Korea. The effect of technology varies with market size of technology, and it is necessary to control technology development period, according to the size and trend of technology market. Moreover it is essential that market analysis be finished before technology development, because market on the $(CO_2)$ Reduction and Sequestration Technology expands internationally. For that reason, it is needed to analyze domestic market and to consider technology development strategy according to analysis results. In this paper, we analyzed the domestic industry and forecasted the market size, both related to the Reduction and Sequestration Technology on $(CO_2)$ emission, which is the major component of global Green House Gas(GHG).