• Journal of Climate Change Research
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• v.7 no.4
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• pp.373-381
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• 2016

Before the Conference of Parties (COP) 21 of the United Nations Framework Convention on Climate Change (UNFCCC) in 2015, most parties of UNFCCC had submitted their intended nationally determined contributions (INDCs) and to achieve their voluntary targets, some parties consider using international market mechanisms. As one of such mechanisms, Japan promoted its own bilateral mechanism called Joint Crediting Mechanism (JCM). In this study, feasibility studies and projects under JCM have been analyzed by project type, sector, country and region, which could provide some implications in designing Korea's future climate policy to achieve Korea's targets of 11.7% using international market mechanism in INDC. Since 2010, JCM has promoted 542 projects and feasibility studies in 44 countries according to the Institute for Global Environmental Strategies (IGES) database. Among 542 projects, about 80% were feasibility studies implying that JCM was more focused on project identification. However, current trends of JCM show that more projects will be soon implemented based on these feasibility studies. For sectoral categorization, projects were categorized into seven sectors-energy technology, energy efficiency, renewable energy, waste management, city, strategic planning and projects related to the country's efforts to reduce emissions from deforestation and forest degradation (REDD+). JCM projects were mitigation focused with more than 70% of projects were related to energy efficiency, renewable energy and energy technology. At the regional and country level, JCM is highly focused on Asia and especially, more than 100 projects were developed in Indonesia. Based on the analysis of JCM, in order to develop bilateral international mechanism for Korea, it is worthwhile to emphasize that Korea considers Asian countries as her partner. In addition, Korea may consider the collaboration with Multilateral Development Banks (MDBs) to implement projects identified by Korea and Asian partner countries. Furthermore, strategically, it is recommendable to develop jointly with Japan who has already capacity and networks with other Asian countries to mitigate GHG emissions. Such financial resources from MDBs and Japan may contribute to meet the 11.3% of GHG reduction target from abroad according to INDC of Korea.

• Environmental and Resource Economics Review
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• v.31 no.4
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• pp.733-753
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• 2022

Korean government established the Nationally Determined Contribution (NDC) in 2015. After revising in 2019, the government updated an enhanced target at the end of last year. When the NDC is addressed, the emission targets of each sector, such as power generation, industry, and buildings, are also set. This paper analyzes the emission target of each sector by applying a claims problem or bankruptcy problem developed from cooperative game theory. The five allocation rules from a claims problem are introduced and the properties of each rule are considered axiomatically. This study applies the five rules on allocating carbon emission by sector under the NDC target and compares the results with the announced government target. For the power generation sector, the government target is set lower than the emissions allocated by the five rules. On the other hand, the government target for the industry sector is higher than the results of the five rules. In other sectors, the government's targets are similar to the results of the rule that allocates emissions in proportion to each claim.

• Environmental and Resource Economics Review
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• v.24 no.1
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• pp.189-224
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• 2015

To meet sectoral emission target by 2020 and prepare for the emission trading scheme from 2015, decomposition analysis of energy consumption and GHG emission is required by 18 subsectors in industry sector where emission targets are established. Log Mean Divisia Index decomposition method was used to analyze factors' effects on energy and emission in the industry sector and by 18 subsectors from 2004 to 2011. Industrial energy consumption was increased due to the production effect and energy intensity effect. However structure effect contributes to the decrease of energy consumption. In terms of emissions (including indirect emission due to electricity consumption) in the industry sector, only structure effect contributed to the emission reduction. Factors' effects by subsectors were different. Cement industry, which is included at Nonmetal shows different results from those of Nonmetal industry and machinery industry, which is a subsector of Fabricated Metal, was also similar. In this regard, we should not apply the policy implications from decomposition analysis of aggregated industry such as Nonmetal or Fabricated Metal to its subsectors uniformly and develop a differentiated policy for each subsector industry.

• Environmental and Resource Economics Review
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• v.20 no.2
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• pp.167-198
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• 2011

The Korean government recently announced greenhouse gases (GHG) emissions reduction target as 30% of 2020 business as usual (BAU) emission projection. As carbon emissions trading is widely used to achieve reductions in the emissions of pollutants, this study deals with the sectoral allocation of initial carbon emission permits in Korea. This research tests the effectiveness of a variety of allocation rules based on the bankruptcy problem in cooperative game theory and hybrid input-output tables which combines environmental statistics with input-output tables. The impact of initial emission permits allocation on economic growth is also analyzed through green growth accounting. According to the analysis result, annual GDP growth rate of Korea is expected to be 4.03%, 4.23%, and 3.67% under Proportional, Constrained Equal Awards, and Constrained Equal Losses rules, respectively. These rates are approximately from 0.69% points to 0.13% points lower than the growth rate of 4.36% without compulsory $CO_2$ reduction. Thus, CEA rule is the most favorable in terms of GDP growth. This study confirms the importance of industry level study on the carbon reduction plan and initial carbon emission permits should reflect the characteristic of each industry.

• Journal of the Korean Society of Environmental Restoration Technology
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• v.6 no.4
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• pp.8-16
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• 2003

In terms of climate change communities have only during the 1990s begun to recognize that all greenhouse gas(GHG) emissions are directly or indirectly generated locally, through acts of agency, production or consumption. This has provided a boost to the role of local places in the debate since GHGs can be allocated and made understood locally and hence form the basis for specific policies, programs, plans and projects. The objectives of this study are to define a framework for making Environmentally Friendly City through enhancing integrated energy-urban policies and present framework to do comprehensive evaluation on energy related policies response and also explore the interrelation between energy related activities in each sector and policy and applies to Seoul mega city in Korea. Despite the growing recognition of the seriousness of urban environmental problems and their contribution to global environmental and social concerns, most analysts continue to study cities in parts rather than as a whole; we study sectoral sub-systems such as transport, air pollution or energy. While specialization is useful for detailed thinking, we also need to see each issue in the context of how each city works environmentally, economically, socially and politically. We therefore need integrative approaches to study of cities and need to understand how they function as systems. These framework presented in this study allows an organized and systematic analysis. These research results can provide useful, credible and timely input into the urban planning process. This study will be a helpful exercise to draw some policy implications of other cities in Korea and also East Asia that are in a similar stage with the these cities and developing plans on how to address them.

• Journal of Korea Technology Innovation Society
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• v.11 no.2
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• pp.264-286
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• 2008

In 2006, the share of energy in Korea amounted to 28% from the total import, 97% from overseas dependency, and 83% for the national Greenhouse Gas (GHG) emission in 2004. Thus, from the aspects of economical and environmental policies, an energy analysis is very important, for the industry to cope with the imminent pressure for climate change. However, the estimation of GHG gas emissions due to an energy use is still done in a primitive way, whereby each industry's usage is multiplied by coefficients recommended from international organizations in Korea. At this level, it is impossible to formulate the prevailing logic and policies in face of a new paradigm that seeks to force participation of developing countries through so called post-Kyoto Protocol. In this study, a hybrid energy input-output (E-IO) analysis is conducted on the basis of the input-output(IO) table of 2000 issued by the Bank of Korea in 2003. Furthermore, according to economic sectors, emission of the GHG relative to an energy use is characterized. The analysis is accomplished from four points of view as follows: 1) estimating the GHG emission intensity by 96 sectors, 2) measuring the contribution ratio to GHG emissions by 14 energy sources, 3) calculating the emission factor of 3 GHG compounds, and 4) estimating the total amount of national GHG emission. The total amount estimated in this study is compared with a national official statistical number. The approach could be an appropriate model for the recently spreading concept of a Life Cycle Analysis as it analyzes not only a direct GHG emission from a direct energy use but also an associated emission from an indirect use. We expect this model can provide a form for the basis of a future GHG reduction policy making.

• Economic and Environmental Geology
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• v.50 no.5
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• pp.389-400
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• 2017

In December 2015, 195 nations agreed to cut green house gas emissions in the Paris Climate Convention, and all over the world showed their willingness to participate in greenhouse gas mitigation. Accordingly, various technologies related to greenhouse gas reduction are being considered, among which carbon dioxide capture, storage, utilization (CCUS) technologies are attracting attention as an unique technology capable of directly removing greenhouse gases. However, CCUS technologies are still costly and have low efficiency. It is still more important to analyze the level of CCUS technology before commercialization and to understand trends and to predict future direction of technology. Therefore, this study analyzes the patent trends of CCUS technology and derives implications for future directions. As a result of country analysis, the United States had the highest number of applications, and sectoral analysis shows that 64% of total patents are from capture sector. Companies such as Alstom technology, Toshiba Corp, and Mitsubishi Heavy are focusing on capturing carbon dioxide. In Korea, government research institutes have focused on storage and utilization technologies. In addition, since the late 2000s, patent applications have increased rapidly, and many countries have been interested in the development of the technology and have made efforts to reduce greenhouse gas.