• Journal of Environmental Policy
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• 제8권4호
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• pp.25-36
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• 2009

The Total Pollutant Load Management System(TPLMS) in the Han River basin is being changed from a voluntary to a mandatory system. Accordingly, this study suggests directions and priorities for research that can support implementation of TPLMS through an objective approach that deploys gap analysis and analytic hierarchy processes (AHP). Gap analysis indicated that TPLMS in Korea is still focused on compliance with regulations, and that implementation of TPLMS is still in its early stage. Improvements are thus needed in flexibility and effectiveness, including introduction of emissions rights trading, and upgrading to a renewable emissions permit system. The AHP study indicated that R&D will need to proceed in parallel in multiple areas to improve systems and resolve scientific uncertainties. Balanced R&D will be needed in both the institutional and technical groups. Subgroup analysis indicated that developing a reasonable process to establish water quality management targets is of the highest priority in the institutional group. In the technical group, higher priority will need to be given to improving model reliability and developing innovative pollution load reduction technologies.

• Journal of the Korean Institute of Intelligent Systems
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• 제24권4호
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• pp.379-384
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• 2014

This paper proposes a Cournot model that can be used to analyze the strategic behaviors of generation companies which try to maximize their profits in an imperfectly competitive electricity and carbon markets. The proposed model consists of two parts. First, the strategic behaviors of generation companies are modeled based on the Cournot theory. Second, the market operation is modeled based on the assumption that the market operator tries to maximize the total social welfare in consideration of environmental welfare. To find the Nash equilibrium of the proposed model, the two-level optimization technique is used. The proposed method has been applied to an illustrative example of oligopolistic markets. We found that the proposed method has strong potential to analyze the influence of the strategic biddings of the generation companies and the impact of renewable generator on markets where the competitiveness of the markets is not fully developed.

• Environmental and Resource Economics Review
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• 제20권3호
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• pp.419-457
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• 2011

This study aims at understanding the characteristics of global economic models, which are widely used for climate change policy analysis. A literature review study was conducted in order to derive general features of top-down models such as CGE and bottom-up/hybrid models such as GTEM. Furthermore, a structural analysis was carried out by applying parameter and structural components from other models to a particular model to observe the potential differences in outcomes. Literature review shows that bottom-up or hybrid models generally have higher level of reduction potentials than top-down models in the long run. This contradicts the conclusion presented by IPCC, and raises the need for more rigorous investigation through structural analysis. Structural analysis of EPPA model indicates that the structural component of the energy sector in a particular model is the most influential factor in predicting baseline emissions and reduction potentials. This includes the structure among energy, capital, and labor inputs, and the substitution elasticities within the energy bundle. Technology bundle can establish the conclusions from literature review, and change in Armington elasticities do not significantly affect the outcome in aggregate.

• Journal of IKEEE
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• 제19권3호
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• pp.295-303
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• 2015

Considering to Energy Storage System (ESS) is a global trend In order to reduce global warming and carbon emissions. South Korea has announced various policies to vitalize the development and uptake of renewable energy. South Korea is planning the cumulative capacity of ESS of two million kW in 2020. According to the government support and development of technology companies, the battery of ESS prices are expected to fall gradually. In this paper, we develop a planning model that take into account the supply expansion of technology of ESS and prices. Based on planning model, we analyze the cost of ESS linked with wind power and the revenue for trading electricity and renewable energy certifications.

• Management & Information Systems Review
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• 제33권3호
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• pp.93-104
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• 2014

This study investigates price discovery between BlueNext spot and futures in EU ETS carbon emission markets using vector error correction model, GG and Hasbruck information ratio. Especially EUA is European Union Allowances traded on the Emissions Trading Scheme. This emission asset attracts and increasing attention among operators, investors and brokers on emission markets. In this study, we found BlueNext spot and EUA futures market are cointegrated. Following the preceding studies, we judged that EUA futures market contribute to the price discovery process than BlueNext spot market when this GG and Hasbrouck information ratio for BlueNext market are larger than 0.5. In other words, the futures market of EUA plays a more dominant role in price discovery than the spot market.

• Journal of The Korean Society of Grassland and Forage Science
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• 제35권3호
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• pp.251-256
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• 2015

The study was conducted to determine greenhouse gas (GHG) inventories in grasslands. After 'Low Carbon Green Growth' was declared a national vision on 2008, Medium-term greenhouse gas reduction was anticipated for 30% reduction compared to Business As Usual (BAU) by 2020. To achieve the reduction targets and prepare to enforce emissions trading (2015), national GHG inventories were measured based on the 1996 Intergovernmental Panel on Climate Change Guidelines (IPCC GL). The national Inventory Report (NIR) of Korea is published every year. Grassland sector measurement was officially added in 2014. GHG removal of grassland soil was measured from 1990 to 2012. Grassland area data of Korea was used for farmland area data in the "Cadastral Statistical Annual Report (1976~2012)". Annual grassland area corresponding to the soil classification was used "Soil classification and commentary in Korea (2011)". Grassland area was divided into 'Grassland remaining Grassland' and 'Land converted to Grassland'. The accumulated variation coefficient was assumed to be the same without time series changes in grassland remaining grassland. Therefore, GHG removal of soil carbon was calculated as zero (0) in grassland remaining grassland. Since the grassland area increases constantly, the grassland soil sinks constantly . However, the land converted to grassland area continued to decrease and GHG removal of soil carbon was reduced. In 2012 (127.35Gg $CO_2$), this removal decreased by 76% compared to 1990 (535.71 Gg $CO_2$). GHG sinks are only grasslands and woodlands. The GHG removaled in grasslands was very small, accounting for 0.2% of the total. However, the study provides value by identifying grasslands as GHG sinks along with forests.

• Journal of Korean Society of Environmental Engineers
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• 제39권12호
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• pp.672-678
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• 2017

In this study, municipal solid waste (MSW) has collected 3 times and physico-chemical analysis has done. Nitrous oxide emissions from MSW incineration plant were measured continuously by EPA Method 18 and it was compared with the emission by calculation using the emission factor. The $N_2O$ emission of MSW incineration plant was more than twice as large as the emission by calculation. It was found that the installation of abatement facilities in MSW incineration plant is effective in achieving the greenhouse reduction targets and it can be ensure economical efficiency through emission trading system.

• Journal of Digital Convergence
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• 제15권7호
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• pp.41-53
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• 2017

This study focuses on the current state of Smart Grid policy in Japan and its problems while the interest in Smart Grid has been increasing since the March 2011 earthquake in East Japan. As a result of the analysis, Japan introduced the fixed price buying system of new and renewable energy in response to the power supply and demand problem caused by the 2011 earthquake in East Japan, and established a decentralized green electricity trading market in which electricity generated from new and renewable energy is traded Smart Grid-related projects were implemented as a solution to solve energy crisis and environmental problems at the same time. As a result, we achieved visible results such as suppressing peak power, reducing CO2 emissions, and securing stable supply and demand of energy using renewable energy sources. On the other hand, the improvement of current Smart Grid policy operation in Japan and the introduction of stabilization system of power system, promotion of international standards of domestic technology related to smart grid, and support for strengthening security of smart grid.

• Journal of Climate Change Research
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• 제5권4호
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• pp.331-338
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• 2014

The continued efforts to reduce GHG emission by international cooperation and each country are in progress. As part of these efforts, Korea's ETS is enforced in 2015. This was the time to make strategies for each company to respond Korea's ETS. This study was performed to suggest a draft of basic strategies for electronic component industry in current Korea's ETS stage are as follows; - Analyzing the nature of electronic component industry - Identifying needs for corresponding ETS of electronic component industry - Analyzing basic countermeasures for each stage of ETS - Suggesting drafts of basic strategies for electronic component industry in current Korea's ETS stage The result of this study, the current stage of Korea's ETS is moving from implementation of the scheme become determined and prepare the minimum corresponding to direct corresponding to the regulation and market change. Electronic component industry has many GHG emission growth(or change) factor, and it will be make electronic component industry as a buyer when Korea's ETS is enforced. Korea's ETS will be clearly act as a regulation rather than new business for electronic component industry. Therefore, identifying the Korea's ETS as a regulation is resonable strategy for corresponding the scheme. The basic strategies of electronic component industry th responding Korea's ETS are as follows; - Building internal organization and decision-making system before enforcement the Korea's ETS - Establishing internal basic corresponding strategies according to carbon price forecast scenarios - Considering the energy consumption and GHG emissions in design phase and preparing the global ETS market in mid or long term.

• Horticultural Science & Technology
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• 제29권5호
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• pp.389-406
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• 2011

As part of a feasibility study for introducing carbon labeling of fruit products in Korea, we explore the use of carbon footprints for Korean kiwifruit from Gyeongnam region as a case study. In Korea, the Korean Environmental Industry and Technology Institute (KEITI) is responsible for the carbon footprint labeling certification, and has two types of certification programs: one program focuses on climate change response (carbon footprint labeling analysis) and the other on low-carbon products (reduction of carbon footprints analysis). Currently agricultural products have not yet been included in the program. Carbon labeling could soon be a prerequisite for the international trading of agricultural products. In general the carbon footprints of various agricultural products from New Zealand followed the methodology described in the ISO standards and conformed to the PAS 2050. The carbon footprint assessment focuses on a supply chain, and considers the foreground and the background systems. The basic scheme consists of four phases, which are the 'goal', 'scope', 'inventory analysis', and 'interpretation' phases. In the case of the carbon footprint of New Zealand kiwifruit the study tried to understand each phase's contribution to total GHG emissions. According to the results, shipping, orchard, and coolstore operation are the main life cycle stages that contribute to the carbon footprint of the kiwifruit supply chain stretching from the orchard in New Zealand to the consumer in the UK. The carbon emission of long-distance transportation such as shipping can be a hot-spot of GHG emissions, but can be balanced out by minimizing the carbon footprint of other life cycle phases. For this reason it is important that orchard and coolstore operations reduce the GHG-intensive inputs such as fuel or electricity to minimize GHG emissions and consequently facilitate the industry to compete in international markets. The carbon footprint labeling guided by international standards should be introduced for fruit products in Korea as soon as possible. The already established LCA methodology of NZ kiwifruit can be applied for fruit products as a case study.