• The Journal of Asian Finance, Economics and Business
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• 제1권3호
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• pp.17-28
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• 2014

The paper deals with the impact of the product distribution and information technology sectors on energy resource use, carbon emissions and economic growth by examining the long-run equilibrium relationships and Granger causal relationships among these variables in South Korea. The quarterly time series data from the first quarter of 1970 to the third quarter of 2010 (163 observations) are collected and retrieved from the Bank of Korea database. The paper examines the long-run equilibrium relationships using cointegration techniques and Granger causality using vector error correction models. Test results indicate a long-run equilibrium relationship exists among these variables. In testing directional causality, both the product distribution and the information technology sectors show direct effects on economic growth but only marginal effects on carbon emissions.

• 에너지공학
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• 제13권2호
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• pp.161-165
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• 2004

Evaporative emissions from gasoline powered vehicles continue to be a major concern. The performance of carbon canister in evaporative emission control systems has become an important aspect of overall fuel system development and design. A vehicle's evaporative emission control system is continuously working, even when the vehicle is not running, due to generation of vapors from the fuel tank during ambient temperature variations. In this study, the effects of evaporative emissions on the engine performance were investigated. The experimental results show the effectiveness of this system for future exhaust emissions and enhanced evaporative emissions. This paper discusses the evaluation on the relationship between carbon canister condition and engine performance while engine is running.

• 한국물환경학회지
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• 제36권6호
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• pp.508-520
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• 2020

Dam reservoirs have been reported to contribute significantly to global carbon emissions, but unlike natural lakes, there is considerable uncertainty in calculating carbon emissions due to the complex of emission pathways. In particular, the method of calculating carbon dioxide (CO2) net atmospheric flux (NAF) based on a simple gas exchange theory from sporadic data has limitations in explaining the spatiotemporal variations in the CO2 flux in stratified reservoirs. This study was aimed to analyze the spatial and temporal CO2 distribution and mass balance in Daecheong Reservoir, located in the mid-latitude monsoon climate zone, by applying a two-dimensional hydrodynamic and water quality model (CE-QUAL-W2). Simulation results showed that the Daecheong Reservoir is a heterotrophic system in which CO2 is supersaturated as a whole and releases CO2 to the atmosphere. Spatially, CO2 emissions were greater in the lacustrine zone than in the riverine and transition zones. In terms of time, CO2 emissions changed dynamically according to the temporal stratification structure of the reservoir and temporal variations of algae biomass. CO2 emissions were greater at night than during the day and were seasonally greatest in winter. The CO2 NAF calculated by the CE-QUAL-W2 model and the gas exchange theory showed a similar range, but there was a difference in the point of occurrence of the peak value. The findings provide useful information to improve the quantification of CO2 emissions from reservoirs. In order to reduce the uncertainty in the estimation of reservoir carbon emissions, more precise monitoring in time and space is required.

• 웰빙융합연구
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• 제2권2호
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• pp.19-37
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• 2019

Over the last few decades, the atmospheric carbon dioxide emission has been amplified to a great extent in Turkey. This amplification may cause global warming, climate change and environmental degradation in Turkey. Consequently, ecological condition and human life may suffer in the near future from these indicated threats. Therefore, an attempt was made to test the relationship among a number of expected factors and carbon dioxide emissions in the case of Turkey. The study covers the time series data over the period of 1970-2017. We employed the modern econometric techniques such as Johansen co-integration, ARDL bound testing approach and the block exogeneity. The results of the Johansen co-integration test show that there is a significant long-run relationship between carbon dioxide emissions and expected factors. The long-run elasticities of the ARDL model show that a 1% increase in the GDP per capita, electric consumption, fiscal development and trade openness will increase carbon dioxide emissions by 0.14, 0.52, 0.09 and 0.20% respectively. Further, our findings reveal that the environmental Kuznets curve (EKC) hypothesis and inverted U-shaped relationship between carbon dioxide emission and economic growth prevails. Therefore, the EKC hypothesis is valid and prevailing in the Turkish economy. The diagnostic test results show that the parameters of the ARDL model are credible, sTable and reliable in the current form. Finally, Block exogeneity analysis displays that all the expected factors are contributing significantly to carbon dioxide emissions in the Turkish economy.

• Environmental Engineering Research
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• 제21권4호
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• pp.409-419
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• 2016

As a major energy consumption province, the issue about the carbon emissions in Hebei Province, China has been concerned by the government. The carbon emissions can be effectively reduced due to a more rational energy consumption structure. Thus, in this paper the constraint of low carbon emissions is considered as a foundation and four energies--coal, petroleum, natural gas and electricity including wind power, nuclear power and hydro-power etc are selected as the main analysis objects of the adjustment of energy structure. This paper takes energy cost minimum and carbon trading cost minimum as the objective functions based on the economic growth, energy saving and emission reduction targets and constructs an optimization model of energy consumption structure. And empirical research about energy consumption structure optimization in 2015 and 2020 is carried out based on the energy consumption data in Hebei Province, China during the period 1995-2013, which indicates that the energy consumption in Hebei dominated by coal cannot be replaced in the next seven years, from 2014 to 2020, when the coal consumption proportion is still up to 85.93%. Finally, the corresponding policy suggestions are put forward, according to the results of the energy structure optimization in Hebei Province.

• 자원ㆍ환경경제연구
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• 제26권1호
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• pp.1-35
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• 2017

본 연구에서는 탄소세를 시행하고 있는 OECD 7개 국가를 대상으로 1995년부터 2013년 기간 동안 $CO_2$ 배출량 감소에 영향을 미치는 주요 요인에 대해 분해 분석을 실시하였다. 최근까지 진행된 $CO_2$ 배출량 변화에 대한 분해 분석 연구들은 기술에 기반을 둔 물리적인 요소에만 초점을 맞추고 있으나 본 연구는 경제적 감축수단인 탄소세의 효과를 반영하여 배출량 변화요인을 분석하였다. 로그 평균 디비지아 지수(Log Mean Divisia Index, LMDI)를 이용하여 분석한 결과, OECD 7개 국가의 총 $CO_2$ 배출량 감소에 가장 큰 기여요인은 에너지 집약도 효과와 탄소세 정책 효과로 나타났다. 다음으로, OECD 7개 국가별 분해분석 결과 에너지 집약도 효과가 배출량 감소에 가장 큰 영향을 주는 것으로 나타났으나, 탄소세 정책효과와 탄소세 세수효과는 국가별 정책 상황과 여건에 따라 상이하게 나타나는 결과를 보였다.

• Journal of Korea Trade
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• 제26권2호
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• pp.45-64
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• 2022

Purpose - This paper examines South Korea's potential status as a carbon leakage country, and the level of risk posed by the Korean emissions trading scheme (ETS) for Korean industries. The economic effects of border carbon adjustments (BCAs) to protect energy-intensive Korean industries in the process of achieving the carbon reduction target by 2030 through the Korean ETS are also analyzed. Design/methodology - First, using the Korean Input-Output (IO) table, this paper calculates the balance of emissions embodied in trade (BEET) and the pollution terms of trade (PTT) to determine Korean industries' carbon leakage status. Analyses of the risk level posed by carbon reduction policy implementation in international trade are conducted for some sectors by applying the EU criteria. Second, using a computable general equilibrium (CGE) model, three BCA scenarios, exemption regulations (EXE), reimbursement (REB), and tariff reduction (TAR) to protect the energy-intensive industries under the Korean ETS are addressed. Compared to the baseline scenario of achieving carbon reduction targets by 2030, the effects of BCAs on welfare, carbon leakage, outputs, and trading are analyzed. Findings - As Korea's industrial structure has been transitioning from a carbon importing to a carbon leaking country. The results indicate that some industrial sectors could face the risk of losing international competitiveness due to the Korean ETS. South Korea's industries are basically exposed to risk of carbon leakage because most industries have a trade intensity higher than 30%. This could be interpreted as disproving vulnerability to carbon leakage. Although the petroleum and coal sector is not in carbon leakage, according to BEET and PTT, the Korean ETS exposes this sector to a high risk of carbon leakage. Non-metallic minerals and iron and steel sectors are also exposed to a high risk of carbon leakage due to the increased burden of carbon reduction costs embodied in the Korean ETS, despite relatively low levels of trade intensity. BCAs are demonstrated to have an influential role in protecting energy-intensive industries while achieving the carbon reduction target by 2030. The EXE scenario has the greatest impact on mitigation of welfare losses and carbon leakage, and the TAF scenario causes a disturbance in the international trade market because of the pricing adjustment system. In reality, the EXE scenario, which implies completely exempting energy-intensive industries, could be difficult to implement due to various practical constraints, such as equity and reduction targets and other industries; therefore, the REB scenario presents the most realistic approach and appears to have an effect that could compensate for the burden of economic activities and emissions regulations in these industries. Originality/value - This paper confirms the vulnerability of the Korean industrial the risk of carbon leakage, demonstrating that some industrial sectors could be exposed to losing international competitiveness by implementing carbon reduction policies such as the Korean ETS. The contribution of this paper is the identification of proposed approaches to protect Korean industries in the process of achieving the 2030 reduction target by analyzing the effects of BCA scenarios using a CGE model.

• 한국산림과학회지
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• 제96권6호
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• pp.644-651
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• 2007

본 연구는 교토의정서 제 2차 공약기간(2013~2017년) 이후 교섭에 있어서 국가별 탄소배출 흡수 인벤토리에 유력하게 포함될 전망인 HWP 탄소축적 변화량 및 배출량을 평가하기 위하여 우리나라 HWP 생산 수입 수출량에 대한 FAO통계와 국내통계를 적용하여 비교 추정하였다. 그 결과, 2005년 현재 HWP 탄소축적 변화량은 FAO 통계 적용의 경우 축적변화 접근법(SCA)이 1.434 Tg C, 대기유출입 접근법(AFA)이 -1.330 Tg C, 생산 접근법(PA)이 0.597 Tg C, 국내통계 적용은 SCA가 1.246 Tg C, AFA가 -1.520 Tg C, PA가 0.444 Tg C로 추정되었다. HWP으로 부터의 $CO_2$ 배출량 흡수량은 FAO통계 적용의 경우 SCA가 $-5,258Gg\;CO_2$ (흡수), AFA가 $4,877Gg\;CO_2$ (배출), PA가 $-2,189Gg\;CO_2$ (흡수), 국내통계 적용은 SCA가 $-4,569Gg\;CO_2$ (흡수), AFA가 $5,573Gg\;CO_2$ (배출), PA가 $-1,628Gg\;CO_2$ (흡수)로 FAO통계 적용이 국내통계 적용보다 모든 방법별 HWP 탄소축적 변화량 및 배출량 추정에서 유리한 것으로 나타났다.

• 산경연구논집
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• 제12권11호
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• pp.9-16
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• 2021

Purpose: Carbon emissions have now become a major concern around the world, especially for the government and private sector. Unfortunately, in Indonesia, disclosure related to company carbon emissions is still done voluntarily. This research aims to provide empirical evidence on the effect of environmental performance, carbon emission disclosure, and carbon emission intensity on the cost of equity capital. Research design, data, and methodology: This research uses secondary data with a sample consisting of Indonesia companies that are sensitive to the environment and listed on the Indonesia Stock Exchange in 2017-2019. The analytical tool used in this research was multiple regression models. Result: The study found a carbon emission disclosure had a significant positive effect on the cost of equity capital. Carbon emission intensity and company size had a significant negative effect on the cost of equity capital. Meanwhile, environmental performance did not have a significant effect on the cost of equity capital. Conclusion: Therefore, the results of this research are expected to provide feedback to the company's stakeholders that environmental performance and carbon emissions are some of the points seen by investors in making investment decisions.

• Environmental Engineering Research
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• 제21권1호
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• pp.74-83
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• 2016

The purpose of this study is to identify the driven factors affecting the changes in energy-related $CO_2$ emissions in Hebei Province of China from 1995 to 2013. This study confirmed that energy-related $CO_2$ emissions are correlated with the population, urbanization level, economic development degree, industry structure, foreign trade degree, technology level and energy proportion through an improved STIRPAT model. A reasonable and more reliable outcome of STIRPAT model can be obtained with the introducing of the Ridge Regression, which shows that population is the most important factor for $CO_2$ emissions in Hebei with the coefficient 2.4528. Rely on these discussions about affect abilities of each driven factors, we conclude several proposals to arrive targets for reductions in Hebei's energy-related $CO_2$ emissions. The method improved and relative policy advance improved pointing at empirical results also can be applied by other province to make study about driven factors of the growth of carbon emissions.