• Korean Chemical Engineering Research
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• v.57 no.5
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• pp.589-595
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• 2019

The policies and researches for the reduction of greenhouses gases have been performed according to"Paris Agreement". Because South Korea is the $6^{th}$ biggest greenhouses gas emitter in the world, the Korea government has prepared the strategies for the reduction of greenhouse gases. The development of CCUS (Carbon Capture Utilization and Storage) technology is necessary to reduce greenhouse gases. Therefore, the CCUS has been studied by many contries in the world. In this work, the trends of CCUS technologies R&D has been shortly investigated.

• Proceedings of the Korea Society for Simulation Conference
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• 2000.04a
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• pp.7-11
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• 2000

본 연구에서는 다품종 수주생산형 장치산업에서 대 Lot의 분할생산, Lot간 setup을 포함하는 Loss time의 감축, 납기현실화, 선별적 수주정책 등 다양한 수주 및 생산정책을 평가하는 확정적 시뮬레이션 모형을 개발하였다. 평가기준으로는 수주일부터 생산일까지의 대기일과 납기준수율을 사용하였다. 사례연구로 A화학공장의 1999년도 수주데이타를 입력자료로 사용하여 모형의 타당성을 보이고 납기단축 및 납기준수율 제고를 위한 효과적인 대안을 도출하였다.

• Environmental and Resource Economics Review
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• v.33 no.1
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• pp.1-32
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• 2024

The emissions trading system stands as a pivotal climate policy in Korea, incentivizing abatement equivalent to 87% of total emissions (as of 2021). As the system likely has a far-reaching impact, it is crucial to understand how the real economic activity, energy sector, as well as environment would be influenced by its implementation. Employing a macroeconometric model, this paper is the first study analyzing the effects of the Korean emissions trading policy. It interconnects the Korean Standard Industrial Classification (Economy), Energy Balance (Energy), and National Inventory Report (Environment), enhancing its real-world explanatory power. We find that a 50% increase in emission permit price over four years results in a decrease in greenhouse gas emissions (-0.043%) and downward shifts in key macroeconomic variables, including real GDP (-0.058%), private consumption (-0.003%), and investment (-0.301%). The price increase in emission permit is deemed crucial for achieving greenhouse gas reduction targets. To mitigate transition risk associated with price shocks, revenue recycling using auction could ensure the sustainability of the economy. This study confirms the comparative advantage of expanded current transfers expenditure over corporate tax reduction, particularly from an economic growth perspective.

• Journal of Korea Planning Association
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• v.53 no.6
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• pp.87-99
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• 2018

The purpose of this study is to analyze the impact of municipal sustainability policy efforts on citywide $CO_2$ emissions. 25 cities in the U.S.A., which offer data on $CO_2$ emissions and are included in the top 50 largest cities in the U.S.A. according to its estimated population, were selected as study cities. This study utilizes the Sustainable Cities Seriously Index of Portney and selects data for the index at the city level. For analysis, this study employs correlation analysis, and OLS regression analysis. The results show that each city has around 30 sustainability policies and emits $12.76tCO_2$ per year on average. In addition, when the number of sustainability policies increases by one, the amount of $CO_2$ per capita decreases by $0.7tCO_2$. This means that the more cities employ sustainability policies, the less $CO_2$ those cities emit. The results of this study support the idea that active efforts on behalf of municipal governments toward the development of sustainability policies are needed to handle citywide $CO_2$ emissions.

• Environmental and Resource Economics Review
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• v.18 no.4
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• pp.653-693
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• 2009

Using the Korean environmental input output analysis, this paper provides the emission intensities of the chemicals, especially, the toxic and carcinogenic substances, by linking the structure of demand, and the policy mix to abate these substances emissions. Acording to the results, Industries with the highest total emission intensities(TEI) of toxic substances are ranked : Printing and reproduction of recorded media(21), Other transportation equipment(26), Pulp and paper(11), Leather and fur products(9), Fiber yarn and fabrics(7). And the highest TEI of carcinogenic substances are Wood and wooden products(10), Motor vehicles and parts(25), Plastic and rubber products(15), Audio, video and communications equipment(23), etc.. The economic factors of changing these emissions are emission intensities and final demands. The effective combinations of policy instruments to abate these emissions are varied by the industries and substances. For example, Government need to execute the effective TEI management in the Fiber yarn and fabrics(7) sector, and, in furniture(27) sector, the reduction of final demand is more effective.

• Journal of Energy Engineering
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• v.28 no.2
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• pp.1-17
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• 2019

This article analyzes causal relationships among gross domestic product(GDP), electricity consumption, carbon dioxide($CO_2$) emission and foreign direct investments(FDI) inflow of Korea over the period from 1976 to 2014, using unit root test, cointegration test, and vector error correction model(VECM). As the results, this article found (1) a long-run bi-directional causality between GDP and electricity consumption, which may imply a negative impact of electricity consumption-saving policy on economic growth, (2) uni-directional short- and long-run causalities running from $CO_2$ emission to GDP, and a uni-directional long-run causality running from $CO_2$ emission to electricity consumption, which can result in a negative impact of $CO_2$ emission reduction policy on economic growth and electricity consumption, (3) a uni-directional long-run causality running from FDI to GDP, and uni-directional short- and long-run causalities running from FDI to electricity consumption, which may result from relatively lower electricity prices than investing countries, (4) no causality between FDI and $CO_2$ emission, which is based on the characteristics of FDI composed of service industries. Considering the above causal relationships among the four variables, the policy implication needs to focus on the electricity demand management based on the relevant R&Ds, and on the gradual transition from fossil fuel- to renewable-energy. Adaptive policy to increase the FDI inflow is also needed.

• Environmental and Resource Economics Review
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• v.12 no.2
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• pp.275-298
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• 2003

This paper compares the economic effects of climate policy options in Korea. The impacts and implications of carbon and Btu tax schemes are analyzed using the META Net modeling system, which was developed at the Lawrence Livermore National Laboratory (LLNL). Findings indicate that carbon tax is more cost effective compared to Btu tax, but this does not necessarily mean the former is more desirable than the latter. Energy market stability and national energy security is equally important in choosing policy options. Moreover Btu tax is more effective in reducing energy consumption in general. It reduces not only carbon intensive energy sources, but non-fossil fuel like electricity. Korean economy consumes too much energy and energy efficiency is very low compared to other OECD countries. So the reduction of energy demand growth should be the first priority of the national energy policy in Korea.

• Environmental and Resource Economics Review
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• v.28 no.2
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• pp.177-200
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• 2019

Energy demand forecast which serves as an essential input in energy policy is exposed to multiple factors of uncertainty such as GDP and weather forecast uncertainty. The Master Plan of Electricity Market in Korea which is biennially prepared is critically based on fluctuating energy demand forecast whereas its resulting proposal on electricity generation mix is substantially irreversible. The paper provides a real options model to evaluate energy transition policy by considering Knightian uncertainty as a measure to study multiple uncertainties with multiple set of probability distributions. Our finding is that the current energy transition policy under the master plan is not robust in terms of securing stable management of electricity demand and supply system.

• Environmental and Resource Economics Review
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• v.31 no.2
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• pp.261-290
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• 2022

Although market stabilization measures have been triggered in the K-ETS, carbon price is still under uncertainty. Considering Korea's 2030 enhanced reduction target announced in October 2021, it is crucial to have practical stabilization measures to appropriately deal with price uncertainty. This study examines the quantitative effects of a price collar, which is considered as a means of alleviating price uncertainty, on expected cumulative emissions and abatement costs. There are three main scenarios: carbon tax, emissions trading system, and emissions trading system with a price collar. Monte Carlo simulation was conducted to reflect uncertainty in emission. There are several results as follows: 1) In a price collar, domestic emission target is likely to be achieved with a lower expected abatement cost than other scenarios. In addition, there is a small amount of excess emissions in this research and it would be not critical(0.1% excess than target); 2) Prohibiting banking increases the expected abatement cost. This is because firms can not intertemporally reallocate allowances to match the firm's optimal emissions path; 3) With the adoption of a price collar, government's net revenue can be positive even if the government's purchase volume of emissions allowances is more than sales volume. This is because the government sells them at price ceiling and purchases them at price floor.

• Environmental and Resource Economics Review
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• v.31 no.4
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• pp.865-885
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• 2022

Korean government updated her Nationally Determined Contribution (NDC) in 2021 and announced the target and various measures for reductions. Among the many issues, final energy demand and renewable energy power mix for 17 provinces to achieve the target are being analyzed using GCAM-Korea. Simulation results show that final energy demand of 2030 is approximated at the similar level to that of 2018. This is being enabled by the conservation of coal with higher electrification especially in industry sector. Higher power demand with lower coal consumption in final energy consumption is shown to be provided by 33.1% of renewable, 24.6% of gas, and 18.0% of nuclear power generation in 2030. Meanwhile, the share of coal-fired power generation is expected to be reduced to 12.8%. Major future power provider becomes Gyeongbuk (Nuclear), Gyeonggi (Gas), Jeonnam (Nuclear, Gas) and Gangwon (PV, Wind), compared to one of current major power provider Chungnam (Coal). This analysis is expected to provide a useful insight toward the national and provincial energy and climate change policy.