• Title/Summary/Keyword: carbon economic

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The effect of international linkage of emissions trading markets on Korean industries (배출권거래제의 국제적 적용이 한국산업과 무역에 미치는 효과)

  • Kyungsoo Oh
    • Korea Trade Review
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    • v.47 no.1
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    • pp.115-130
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    • 2022
  • In this study, I focus on analyzing how the effects of implementing ETS are different depending on whether Korean ETS linking with carbon markets in other countries. The global computable general equilibrium (CGE) model built in this study analyzes the chages in the production and trade of industrial sectors according to the international linkage of ETS compared to the reference scenario of emissions reduction targets and implementation of ETS. From the analysis of internatioanl linkage of carbon markets scenarios, Annex B countries-South Korea carbon market linkage with individual ETS in China worse the economic outcomes in South Korea the most. This means South Korea lose the international competitiveness compared to China in this scenario. On the other hand, Annex B-China carbon market linkage with Korean individual ETS implementation reduce the decreases in production and trading. The most effective way is to join a global emissions trading market with China. The results are consistent in most industries of South Korea. These results are caused by that the supply of emission allowance is increased and the price of emissions allowances is dropped by China's participation to the carbon market, which can be understood to reduce the carbon reduction cost for industrial sectors. In addition, it can be also concluded that the determinant of the negative impact of ETS on changes in production and trade is more sensitive to the price of emissions allowances than to the characteristics of production and trade structure.

Economic Feasibiltiy Analysis of Renewable Energy of Green Home Policy (그린홈사업을 위한 신재생에너지 기술의 경제적 타당성 평가)

  • An, Hyung-Jun;Heo, Eun-Nyeong
    • 한국신재생에너지학회:학술대회논문집
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    • 2009.06a
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    • pp.196-199
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    • 2009
  • Korean government decided to give a subsidy for renewable energy system of green home. This policy will make an appeal to consumers. But For success of this policy, Economic benefit of consumer is essential. In this study, benefit and cost is seperated to consumer part and government part, respectively. consumer's benefit is energy saving and asset value increment. Consumer's cost is real input money except government's subsidy. Government's benefit is consist of energy import reduction, carbon discharge reduction and new production increment, As a result, the government subsidy will not so enough to activate the green home. PV system for the korean general apartment has the payback period of 19 years. So, For the dissemination of renewable energy of green home, more strong subsidy policy and more economic technoloy development is requested.

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Economic Analysis of Plant Utilities Under Environment Factor (환경요소를 고려한 발전설비의 경제성 평가)

  • 정석재;김경섭;박진원
    • Journal of the Korea Society for Simulation
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    • v.13 no.2
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    • pp.35-43
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    • 2004
  • The purpose of this study is an economic analysis of power plant utilities by comparing electricity generating cost including environmental costs. Considering the enormous role of electricity in the national economy, it is very important to study the effect of environmental regulation on the electricity sector. Because power utilities need for large investment during construction, operation and maintenance, and also require much construction lead time. Economic analysis is the important process in the electric system expansion planning. This paper compares the costs of electricity generation including environmental costs between a coal-fired power plant and an LNG combined cycle power plants. With the simulation, this study surveys the sensitivity of fuel prices, interest rate and carbon tax. In each case, this sensitivity can help to decide which utility is economically better in environmental regulation circumstance.

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Economic Feasibility Comparison of Overseas Green Ammonia Project Using Renewable Energy (신재생 에너지를 이용한 해외 그린 암모니아 프로젝트에 대한 경제성 비교)

  • Hyun-Chang Shin;Hak-Soo Mok
    • Journal of the Korean Society of Industry Convergence
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    • v.27 no.3
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    • pp.547-553
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    • 2024
  • Hydrogen is considered a key energy source to achieve carbon neutrality through the global goal of 'Net Zero'. Due to limitations in domestic green hydrogen production, Korean companies are interested in importing green hydrogen produced overseas. Because Australia and the Middle East possess high-quality renewable energy resources, they are attracting attention as suitable regions for producing green hydrogen using renewable energy. The cost of constructing and operating a green ammonia plant varies depending on the region. In this study, an economic feasibility comparison of green ammonia plant construction in Australia and the Middle East is conducted. Through this, it is expected to contribute to the economic analysis and feasibility analysis of the project to import hydrogen in the form of green ammonia into Korea.

Mineralogical and Geochemical Studies of Uranium Deposits of the Okchon Group in Southwestern District off Taejon, Korea (대전서남지대(大田西南地帶)에 있어서의 옥천대(沃川帶) 우라늄광상(鑛床)에 대(對)한 광물학적(鑛物學的) 및 지화학적(地化學的) 연구(硏究))

  • Yun, Suckew
    • Economic and Environmental Geology
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    • v.17 no.4
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    • pp.289-298
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    • 1984
  • Uraniferous black slates of the Okchon sequence occur in Koesan (northeast) through Miwon-Boun (middle) to the southwest off Taejon (southwest) within the Okchon fold belt. The Uraniferous balck slates in the southwest off Taejon are particularly well developed in Chubu (northeast) and Moksso-ri (middle) areas whereas they are less developed in Jinsan (southwest) area. The uraniferous beds range from less than a meter to 40 meters in thickness and range from less than 0.02% $U_3O_8$ (cut-off-grade) to 0.05% $U_3O_8$ in the southwestern district off Taejon. Electron microprobe analysis of uranium-minerals found in graphitic slate samples enables to estimate their major compositions semi-quantitatively so that uraninite, ferro-uranophane and chlopinite are tentatively identified. Uranium-minerals are closely associated with carbon and metal sulfides. Correlation analysis of trace element concentrations revealed that U and F.C., and U and Mo are lineary correlative respectively and their correlation coefficients are positively high whereas those of U and V, U and Mn, and U and Zr are negatively low, implying that uranium mineralization has been closely related with concentrations of carbon and molybdenum. Stable isotope analyses of pyrite sulfur range widely from +11.5% to -23.3% in ${\delta}^{34}S$ values whereas those of graphite carbon fall within a narrow range between -23.3% and -28.9% in ${\delta}^{13}C$ values. The wide range of ${\delta}^{34}S$ values suggests that the sulfur could be of meteoric origin rather than of igneous source. The narrow range of ${\delta}^{13}C$ values, which are close to those of coal, indicates that the graphite is organic carbon in origin. Therefore, it is concluded that the uranium mineralization in the Okchon sequence took place primarily in sedimentary environment rich in organic matter and sulfide ion, both of which served as the reducing agents to convert soluble uranyl complex to insoluble uranium dioxide.

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Impacts of Mt. Bongeui on Atmospheric Purification in Chuncheon

  • Piao, Zhi Hui;Jo, Hyun-Kil
    • Journal of Forest and Environmental Science
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    • v.34 no.2
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    • pp.165-168
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    • 2018
  • Mt. Bongeui is a neighborhood park of 66.4 ha as a major natural landscape resource located in the center of Chuncheon City. This study quantified the reduction of carbon, $SO_2$, $NO_2$, $O_3$, and $PM_{2.5}$, and the production of $O_2$ to explore the role for Mt. Bongeui to contribute to annual atmospheric purification. The main forest types and age classes of the study site included age-class III broadleaved forest at 35.8%, age-class VI coniferous forest at 17.2%, and age-class IV broadleaved forest at 15.7%. The annual atmospheric purification effect per unit area was as follows: 7.6 t carbon/ha/yr, 16.6 kg $SO_2/ha/yr$, 40.4 kg $NO_2/ha/yr$, 41.5 kg $O_3/ha/yr$, 53.7 kg $PM_{2.5}/ha/yr$, and 20.2 t $O_2/ha/yr$. The economic value of these effects was equivalent to about 12.9 million KRW/ha/yr. The study site annually offset carbon emissions of about 300 citizens, $SO_2$ emissions of 220 citizens, and $NO_2$ emissions of 92 citizens in Chuncheon. It also played an important role in annually producing 1.5% of the amount of $O_2$ necessary for the respiration of Chuncheon's total population. This study pioneers in comprehensively quantifying the atmospheric purification effect and could be useful in guiding the planning and management to improve the effect.

Characterization of Organic Matter in Upper Jurassic Core Samples Drilled in Southern Germany (독일 남부지역에서 시추한 상부쥐라기 코어 시료의 유기물 특성 연구)

  • 박명호;김일수;이영주
    • Economic and Environmental Geology
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    • v.35 no.5
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    • pp.429-436
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    • 2002
  • Core samples, drilled in the middle region of Bavaria, were analyzed to study the characteristics of organic matter in the Upper Jurassic Solnhofen limestone of southern Germany. The core (48$^{\circ}$53'N, 1-1$^{\circ}$19'E) contains Upper Jurassic Solnhofen strata ranging from the upper part of the Geisental Formation throughout the Solnhofen Formation to the lower part of the Mornsheim Formation. In the core, the Upper Jurassic lithologies consist of platy limestone, bedded limestone and massive limestone often interbedded with some chert layers. Geochemical variations (Carbon, Nitrogen and Total Organic Carbon) and Rock-Eval pyrolysis parameters (S$_2$ peak and Hydrogen Index) indicate that the organic matter in the Upper Jurassic limestone is mostly of marine origin. Particularly, the relation-ship of Hydrogen Index and S$_2$ as a function of Total Organic Carbon suggests that the upper formation of the core (Mornsheim Formation) was more influenced by terrigenous influx than the Solnhofen and Geisental Formations.

A Study on the Export Performance Factors of Korean Steel Products to the EU and the Expected Changes in Exports Following the Implementation of CBAM (한국 철강 제품의 EU 수출 성과 요인과 CBAM에 따른 수출 변화 예상에 관한 연구)

  • Jai-Heon Leem;Yoon-Say Jung
    • Korea Trade Review
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    • v.48 no.4
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    • pp.209-232
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    • 2023
  • This study aims to estimate the export performance factors of Korean Steel Products to the EU and the expected changes in exports according to the CBAM(Carbon Border Adjustment Mechanism). the factors influencing the export performance of Korean Steel Products to the EU were analyzed using a Gravity Model, and the expected export amount in the case of a Carbon Tax was calculated assuming that the CBAM would be implemented in 2026, As a result, it was empirically analyzed that economic growth, population growth, exchange rate and manufacturing production index of each EU country have a positive effect on exports in Korea, and it was analyzed that the effects of the single market and system due to the EU's economic community were also helpful in increasing exports but the Carbon Tax is imposed in 2026, reducing Korea's steel exports by about -3.6% to -5.7%

Assessment of Timber Harvest in Tropical Rainforest Ecosystem of South West Nigeria and Its Implication on Carbon Sequestration

  • Adekunle, Victor A.;Lawal, Amadu;Olagoke, Adewole O.
    • Journal of Forest and Environmental Science
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    • v.30 no.1
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    • pp.1-14
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    • 2014
  • Timber harvest in natural forests and its implications on carbon sequestration were investigated in the Southwestern Nigeria. Data on timber harvest from forest estates for a 3-year period were collected from the official record of States' Forestry Department. The data registered the species, volume and number of timbers exploited during the study period. The data were analyzed accordingly for rate of timber harvest and carbon value of the exploited timbers using existing biomass functions. Values were compared for significant differences among states using one way analysis of variance. The results showed that the most exploited logs, in terms of volume and number of trees, have the highest amount of carbon removal. There was a variation in type of timber species being exploited from each state. The total number of harvested trees from Oyo, Ondo, Ogun, Ekiti and Osun were estimated at 100,205; 111,789; 753; 15,884 and 18,153 respectively. Total quantity of carbon removed for the 3-year period stood at 2.3 million metric tons, and this translated to 8.4 million metric tons of $CO_2$. The annual carbon and $CO_2$ removal therefore were estimated at 760,120.73 tons and 2.8 million tons/ year respectively. There were significant differences (p<0.05) in the amount of $CO_2$ removed from the five states. Based on our result, we inferred that there is increasing pressure on economic tree species and it is plausible that they are becoming scarce from the forests in Southwestern Nigeria.. If the present rate of log removal is not controlled, forests could become carbon source rather than carbon sink and the on biological conservation, wood availability and climate change may turn out grave. For the forest to perform its environmental role as carbon sink, urgent conservation measures and logging policies are needed to be put in place.

The Analysis of Potential Reduction of CO2 Emission In Soil and Vegetation due to Land use Change (토지이용변화에 따른 식생 및 토양의 이산화탄소 저감잠재량 분석)

  • Lee, Dong-Kun;Park, Chan
    • Journal of the Korean Society of Environmental Restoration Technology
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    • v.12 no.2
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    • pp.95-105
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    • 2009
  • Land Use Changes (LUCs) have effects on greenhouse gas emissions and carbon stocks in soil and vegetation. Therefore, predictions for LUC are very important for achieving quantitative targets of $CO_2$ reduction rates. Some research exists on carbon fluxes and carbon cycles to estimate carbon stocks in terrestrial ecosystems in Korea. However, these researches have limitations in terms of helping us understand future potential reductions of $CO_2$ that reflect the influence of LUC. The aim of this study is to analyze the reduction levels of $CO_2$ emissions while considering LUC scenarios that effect carbon fluxes for LCS basic study in the year 2030. In this study, a common approach to model the effects of LUC on carbon stocks is the use of CA-Markov technical process with LUC patterns in the past. Potential reduction of $CO_2$ is calculated by change of land use that contains different soil organic carbon, each land use type, and biomass in vegetation. An IPCC analytical method of natural carbon sink and coefficient results from previous study in Korea is used as a calculation method for potential reduction of $CO_2$. As a result, 12,419 KtC will be reduced annually, which is 8.3% percent of 2005 $CO_2$ emissions in Korea. This will result in 3,226 hundred million won of economic efficiency. In conclusion, conservation of natural carbon sinks is necessary even if the amount of potential reduction change is little.