• 제목/요약/키워드: Energy Trade

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Environmental Policy and the Political Economy of Energy Subsidies (환경정책과 에너지보조금의 정치경제)

  • Lee, Soo-Cheol;Lee, Myunghun
    • Environmental and Resource Economics Review
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    • 제27권4호
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    • pp.725-743
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    • 2018
  • Industrial groups (representing the polluters) and environmental non-governmental organizations (representing the victims) respond differently to various environmental policy instruments. As the affected group's power is large either politically or economically, it is unlikely that a single instrument will be actually selected despite being effective or efficient because of the high political costs associated with it. In this paper, we focus on the political role that energy subsidies play in creating a compromise between energy consuming polluters and victims of pollution. The use of a Dolbear (1967)'s triangle Edgeworth box model makes it possible to examine how policy selection affects the income distribution and welfare levels of two groups. The effects of a single policy instrument of either direct regulation or tax are compared with those of a policy mix that includes energy subsidies. We found that the addition of energy subsidies would increase the chance of compromise between polluters and victims.

The Effects of ICT on CO2 Emissions Along with Economic Growth, Trade Openness and Financial Development in Korea (ICT가 CO2 배출에 미치는 영향: 경제성장, 무역개방성, 금융발전과의 연관관계하에서 분석)

  • Kim, Suyi
    • Environmental and Resource Economics Review
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    • 제30권2호
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    • pp.299-323
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    • 2021
  • This study investigated the impact of information and communication technology (ICT), trade openness, financial development, and economic growth on CO2 emissions in Korea from 1990 to 2016. The cointegration relationship of the variables was confirmed by an autoregressive distributed lag (ARDL) bounds test. In the long-run, economic growth was statistically significant factor in the increase in CO2 emissions, while other factors, as well as ICT, did not significant factors in the changes in CO2 emissions. In the long-run, a link between economic growth and CO2 emissions has been confirmed, but other factors, including ICT, have not been able to confirm the link between CO2 emissions in the long-run. Meanwhile, in the short-run, economic growth and ICT increased CO2 emissions, and financial development led to a decrease in CO2 emissions. Trade openness did not have a significant effect on CO2 emissions in the short-run as in the long-run. In particular, ICT did not contribute to the reduction of CO2 emissions in the short-run as well as the long-run. In order to induce CO2 mitigation through ICT, the development and deployment of technology that efficiently save energy by using ICT should be further promoted.

Water, Energy, Cooperation, and Conflict inthe Kura-Araks Basin of the South Caucasus

  • Campana, Michael E.
    • Proceedings of the Korea Water Resources Association Conference
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    • 한국수자원학회 2011년도 학술발표회
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    • pp.3-3
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    • 2011
  • After the dissolution of the Soviet Union, the Kra-Araks Basin (KAB) became an international river basin with respect to the South Caucasus states of Armenia, Azerbaijan, and Georgia. However, there are no agreements regarding water allocation, water quality, or ecosystem maintenance among the aforementioned riparians. The main water problems in the basin include not only water quantity and quality, but also the lack of joint management. The aforementioned countries share many similar circumstances: location in a politically unstable but strategic region bureaucratic and structural issues; and more importantly, ongoing ethnic and related conflicts. Despite these obstacles, the countries recognize that they depend greatly on the basin, whose waters they must share. To that end, they proposed and participated in the joint NATO-OSCE South Caucasus River Monitoring (SCRMP) project between 2002 and 2009.The SCRMP sought to investigate and characterize the surface water quality in the KAB by providing equipment and training to all three countries. Several years' worth of water quality data were collected in the KAB: major ions; heavy metals; POPs (persistent organic pollutants); and radionuclides; The North Atlantic Treaty Organization (primary funder) and the Organization for Security and Co-operation in Europesupported the SCRMP not only to build capacity but also to promote cooperation and minimize conflict over water and other resources, thus providing a measure of security for Europe and other regions. The South Caucasus is a strategically-important region, functioning as a bridge between Asia and Europe. Energy-rich Azerbaijan seeks to become a key player in trade by serving as a transportation and energy hub between the energy and mineral-rich Central Asian KUT countries (Kazakhstan, Uzbekistan, and Turkmenistan) and Western Asia, Europe, and other areas. The presentation will summarize the scientific results of the SCRMP, elucidate the regional water-energy-security nexus, discuss future work in the region, and explain why the world needs to be concerned about the KAB and the entire South Caucasus.

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Investigation of the refined safety factor for berthing energy calculation

  • Kim, Sang Woo;Lee, Seung Jae;Kim, Young Tae;Kim, Do Kyun
    • Structural Engineering and Mechanics
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    • 제75권6호
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    • pp.785-797
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    • 2020
  • As the growth of world trade has surged rapidly over the past years, the number is expected to continue growing over the coming years. Although the transportation costs can be reduced by using larger vessels, however, new berthing structures have to be constructed in order to cater for the larger vessels. This leads to a need for researching on designing a better berthing structure. For optimization of berthing structure design, we need to provide a better estimation of berthing energy than the previous methods in the existing guidelines. In this study, several berthing parameters were collected from previous works and researches. Moreover, the scenarios were selected efficiently by using a sampling technique. First, the berthing energy was calculated by executing 150 numerical simulations. Then, the numerical simulation results were compared with the results calculated by existing methods quantitatively to investigate the sensitivity of the berthing parameters and the accuracy of existing methods. The numerical method results have shown some deviation with respect to the existing method results in which the degree of deviation varies with the methods and the tendency of differences is dependent on certain berthing parameters. Then, one of the existing methods which has shown a small deviation was selected as a representative method and applied with several safety factors to obtain a suitable safety factor for the design.

Implications of China's Maritime Power and BRI : Future China- ROK Strategic Cooperative Partnership Relations (중국의 해양강국 및 일대일로 구상과 미래 한·중 협력 전망)

  • Yoon, Sukjoon
    • Strategy21
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    • 통권37호
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    • pp.104-143
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    • 2015
  • China's new grand strategy, the "One Belt, One Road Initiative" (also Belt Road Initiative, or BRI) has two primary components: Chinese President Xi Jinping announced the "Silk Road Economic Belt" in September 2013 during a visit to Kazakhstan, and the "21st Century Maritime Silk Route Economic Belt" in a speech to the Indonesian parliament the following month. The BRI is intended to supply China with energy and new markets, and also to integrate the countries of Central Asia, the Association of Southeast Asia Nations (ASEAN), and the Indian Ocean Region - though not Northeast Asia - into the "Chinese Dream". The project will be supported by the Asian Infrastructure Investment Bank (AIIB), due to open in 2016 with 57 founding members from all around the world, and China has already promised US$ 50 billion in seed funding. China's vision includes networks of energy pipelines, railways, sea port facilities and logistics hubs; these will have obvious commercial benefits, but also huge geopolitical significance. China seems to have two distinct aims: externally, to restore its historical sphere of influence; and internally, to cope with income inequalities by creating middle-class jobs through enhanced trade and the broader development of its economy. In South Korea, opinion on the BRI is sharply polarized. Economic and industrial interests, including Korea Railroad Corporation (KORAIL), support South Korean involvement in the BRI and closer economic interactions with China. They see how the BRI fits nicely with President Park Geun-hye's Eurasia Initiative, and anticipate significant commercial benefits for South Korea from better connections to energy-rich Russia and the consumer markets of Europe and Central Asia. They welcome the prospect of reduced trade barriers between China and South Korea, and of improved transport infrastructure, and perceive the political risks as manageable. But some ardently pro-US pundits worry that the political risks of the BRI are too high. They cast doubt on the feasibility of implementing the BRI, and warn that although it has been portrayed primarily in economic terms, it actually reveals a crucial Chinese geopolitical strategy. They are fearful of China's growing regional dominance, and worried that the BRI is ultimately a means to supplant the prevailing US-led regional security structure and restore the Middle Kingdom order, with China as the only power that matters in the region. According to this view, once China has complete control of the regional logistics hubs and sea ports, this will severely limit the autonomy of China's neighbors, including South Korea, who will have to toe the Chinese line, both economically and politically, or risk their own peace and prosperity.

A Study on the Dynamic Correlation between the Korean ETS Market, Energy Market and Stock Market (한국 ETS시장, 에너지시장 및 주식시장 간의 동태적 상관관계에 관한 연구)

  • Guo-Dong Yang;Yin-Hua Li
    • Korea Trade Review
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    • 제48권4호
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    • pp.189-208
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    • 2023
  • This paper analyzed the dynamic conditional correlation between the Korean ETS market, energy market and stock market. This paper conducted an empirical analysis using daily data of Korea's carbon credit trading price, WTI crude oil futures price, and KOSPI index from February 2, 2015 to December 30, 2021. First, the volatility of the three markets was analyzed using the GARCH model, and then the dynamic conditional correlations between the three markets were studied using the bivariate DCC-GARCH model. The research results are as follows. First, it was found that the Korean ETS market has a higher rate of return and higher investment risk than the stock market. Second, the yield volatility of the Korean ETS market was found to be most affected by external shocks and least affected by the volatility information of the market itself. Third, the correlation between the Korean ETS market and the stock market was stronger than that of the WTI crude oil futures market. This paper analyzed the correlation between the Korean ETS market, energy market, and stock market and confirmed that the level of financialization in the Korean ETS market is quite low.

Average Glandular Dose In Mammography

  • Kim, K.H.;Ryu, Y.C.;Oh, C.H.
    • Proceedings of the KIEE Conference
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    • 대한전기학회 2004년도 학술대회 논문집 정보 및 제어부문
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    • pp.319-321
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    • 2004
  • The average glandular dose (AGD) is determined by the breast entrance skin exposure, x-ray tube target material, beam quality (half-value layer), breast thickness, and breast composition. Almost breast cancer always arises in glandular breast tissue. As a result, the average radiation absorbed dose to glandular tissue is the preferred measure of the radiation risk associated with mammography. If the normalized average glandular dose is known, the average glandular dose can be computed from the product of the normalized average glandular dose and breast entrance skin exposure. In this study, AGD was calculated by the breast thickness and various x-ray energy (HVL) in 50% glandular 50% adipose breast by Mo.-Rh. assembly. AGD is 84 mrad in compressed 5 cm breast. These results show that as increasing the breast thickness, dose also increases. But as increasing the x-ray tube voltage, dose decreases because of high penetrating ratio through the object. But high tube voltage is reducing the subject contrast. From this result, we have to consider the trade-off between subject contrast of image and dose to the patient and choose proper x-ray energy range.

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Optimal Control for Central Cooling Systems (중앙냉방시스템의 최적제어에 관한 연구)

  • 안병천
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • 제12권4호
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    • pp.354-362
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    • 2000
  • Optimal supervisory control strategy for the set points of controlled variables in the central cooling system has been studied by computer simulation. A quadratic linear regression equation for predicting the total cooling system power in terms of the controlled and uncontrolled variables was developed using simulated data collected under different values of controlled and uncontrolled variables. The optimal set temperatures such as supply air temperature, chilled water temperature, and condenser water temperature, are determined such that energy consumption is minimized as uncontrolled variables, load, ambient wet bulb temperature, and sensible heat ratio, are changed. The chilled water loop pump and cooling tower fan speeds are controlled by the PID controller such that the supply air and condenser water set temperatures reach the set points designated by the optimal supervisory controller. The influences of the controlled variables on the total system and component power consumption was determined. It is possible to minimize total energy consumption by selecting the optimal set temperatures through the trade-off among the component powers. The total system power is minimized at lower supply, higher chilled water, and lower condenser water set temperature conditions.

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Settlement Technique of Constrained On/Off Compensation Amount using Surplus Function in Electricity Market (잉여함수를 이용한 전력시장에서의 제약보상금액 정산기법)

  • 국경수;문영환;오태규
    • Journal of Energy Engineering
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    • 제11권4호
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    • pp.324-331
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    • 2002
  • ln competitive electricity market, useful technique would be required to calculate settlement amount for electric power traded between market participants and KPX since a number of market partici-pants would appear and trade electric power. Especially calculation of constrained on/off compensation amount can be complicated, and needs to be understood clearly by market participants to avoid unnecessary disputes. This paper presents a technique to settle more easily constrained on/off compensation amount using surplus function. In this technique, a surplus is calculated by each dispatched values and then the compen-sation amount is calculated by the difference of each surpluses. By doing this, settlement amount can be cal-culated by summing the trading amount and the compensation amount.

A Study on the International Standard and Regulation for Electric Motor and Drives (전동기와 드라이브의 국제 규격 및 규제에 관한 현황 연구)

  • Woo, Kyung-Il;Park, Han-Seok;Kim, Dea-Kyong;Choi, Han-Seok;Jun, Hee-Deuk
    • The Transactions of The Korean Institute of Electrical Engineers
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    • 제63권3호
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    • pp.437-443
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    • 2014
  • Electric motors and drives consume the largest amount of electricity more than 40% of global electricity consumption. In addition, motors, drives and its components are included in the global high-trade products and the main driving source for industrial equipment and house appliances. Thus, International standards and regulations for their safety and efficiency are internationally being discussed and created for the protection of its citizens and energy saving. So, understanding the international standards and the regulation of each country is essential to enhance overseas market and to develop product. In this paper, on the basis of this background, status and trends of international standards and regulations are introduced for safety and efficiency of motors and the drives. Safety and efficiency of the IEC (International Electrotechical Commission) standards are introduced in the emphasis. Also, regulations are studied about the differences and trends in each county.