• Title/Summary/Keyword: economic environmental changes

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Changes in the Economic Feasibility of a Floating Photovoltaics Project due to the Social Cost of Carbon (탄소의 사회적 비용에 따른 수상 태양광 사업의 경제성 변화)

  • Jaejune Lim;Jinsoo Kim
    • New & Renewable Energy
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    • v.20 no.1
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    • pp.26-37
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    • 2024
  • Renewable energy sources play a key role in achieving carbon neutrality and zero net emissions in the power generation sector. Various efforts have been made to support the deployment of renewable energy, particularly solar photovoltaic and wind power, including policies to internalize the external cost of carbon emissions. In this study, we conducted a financial analysis of a 800 MW floating photovoltaic system and compared it with ground solar power generation. Additionally, we conducted a cost-benefit analysis that included the social cost of carbon. The findings showed that the floating photovoltaic project can meet the profitability target through an appropriately designed internalization of the social cost of carbon.

Late Quaternary Stratigraphy and Depositional Environment of the Yeongsan River Estuary, Southwestern Korea (영산강 하구의 제4기 후기 층서 및 고환경)

  • 남욱현;김주용;양동윤;홍세선;봉필윤;이윤수;유강민;염종권
    • Economic and Environmental Geology
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    • v.36 no.6
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    • pp.545-556
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    • 2003
  • Detailed interdisciplinary investigations demonstrate that the Yeongsan River estuarine-filled sediments clearly record important paleoenvironmental changes during the Last Glacial and Holocene. The sediments from 18.9 m(20.5∼l.6m in depth) long core MW-1 are differentiated by changes in sedimentary textures and palynomorph assemblages. Chronology was provided by AMS$^{14}$C dating and regional pollen correlation. Three paleoenvironrnental phases are recognized: (1) The Last Glacial deposits consist mainly of fluvial sediments and paleosols, experienced deposition alternating with pedogenesis. The appearance of the paleosols suggests that the paleoclimate might be cold and humid. (2) The early and middle Holocene phase started abruptly in response to the rapid global climatic warming. and is characterized by abundant marine palynomorphs. (3) The late Holocene is marked by more cool conditions. The paleoenvironmental changes recorded in the sediments coincide not only with local but also with broad-scale, probably global climate changes.

Design and Environmental/Economic Performance Evaluation of Wastewater Treatment Plants Using Modeling Methodology (모델링 기법을 이용한 하수처리 공정 설계와 환경성 및 경제성 평가)

  • Kim, MinHan;Yoo, ChangKyoo
    • Korean Chemical Engineering Research
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    • v.46 no.3
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    • pp.610-618
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    • 2008
  • It is not easy to compare the treatment processes and find an optimum operating condition by the experiments due to influent conditions, treatment processes, various operational conditions and complex factors in real wastewater treatment system and also need a lot of time and costs. In this paper, the activated sludge models are applied to four principal biological wastewater treatment processes, $A_2O$(anaerobic/anoxic/oxic process), Bardenpho(4 steps), VIP(Virginia Initiative Plant) and UCT(University of Cape Town), and are used to compare their environmental and economic assessment for four key processes. In order to evaluate each processes, a new assessment index which can compare the efficiency of treatment performances in various processes is proposed, which considers both environmental and economic cost. It shows that the proposed index can be used to select the optimum processes among the candidate treatment processes as well as to find the optimum condition in each process. And it can find the change of economic and environmental index under the changes of influent flowrate and aerobic reaction size and predict the optimum index under various operation conditions.

Analysis of Sustaining Growth Factors in a Turbulent Business Environment : Case of US Companies Facing the Global Financial Crisis (변화무쌍한 환경에서의 지속성장성 결정요인분석 : 세계 금융위기 시 미국 기업을 중심으로)

  • Lee, Ho Rim;Chang, Suk-Gwon
    • Journal of the Korean Operations Research and Management Science Society
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    • v.41 no.1
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    • pp.55-69
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    • 2016
  • In response to drastic environmental changes, companies have been continuously rebalancing their resources and capabilities to sustain their competitive status or to survive difficult times. The aim of this study is to analyze the effect of sudden environmental changes on the competitive status of a firm and to identify the internal factors that differentiate sustainer and non-sustainer groups. To achieve this goal, we selected 85 representative IT and non-IT companies from the S&P 500 companies and investigated them with respect to the change in their five-year competitive status since the 2008 global financial crisis. As a concrete performance measure, the concept of perceived competitive status (PCS) was introduced, and four distinct PCS categories were identified by using the stock price changes during the selected period. The four distinct PCS categories are "sustaining," "drifting," "deep sunken," and "bouncing back." Discriminant analysis was performed on these four distinct PCS categories. The empirical study conducted showed that revenue and cost efficiency are the most discriminating factors, especially in the economic recovery period. In particular, stronger financial liquidity was observed in high-performing "bouncing back" companies than in the other category companies.

The Relationship between Carbon Productivity and Economic Performance : An Empirical Analysis (탄소생산성과 경제적 성과의 인과성에 관한 실증연구)

  • Yook, Keun-Hyo
    • Journal of Environmental Policy
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    • v.9 no.3
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    • pp.47-67
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    • 2010
  • Carbon productivity is an efficiency concept, well suited to maximizing product/service(economic) value of firms and minimizing environmental impact($CO_2$ emissions). This study investigates the causal relationship between carbon productivity (eco-efficiency) and financial performance in Korean firms. The result shows that firms improving carbon productivity are able to gain superior financial performance. The analysis also show that changes in financial performance have a positive impact on the improvement of carbon productivity. However this study reports that carbon productivity does not have a long-run impact on financial performance and vice versa. Finally, the results also show that differences exist in the relationship between carbon productivity and financial performance when grouped by industry characteristics.

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An Empirical Study on the Impact of Quality Oriented Corporate Culture on Sustainability Management Performances (공급사슬 내에서 품질지향적 기업문화가 지속가능경영성과에 미치는 영향에 관한 실증연구)

  • Woo, Moo-Jin;Park, Jong-Woo;Jung, Byeong-Yeong
    • Journal of Distribution Science
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    • v.12 no.6
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    • pp.31-39
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    • 2014
  • Purpose - Environmental issues, climatic changes, and greenhouse gases are problems to be solved at a global level. With an increased emphasis on the environmental and social responsibility of the management of companies, the manner in which companies approach quality-oriented culture and their individual sustainability management are being discussed as truly important issues to help them secure their competitiveness and growth strategies. This study proposes strategic directions to help manufacturers not only in expanding their competitive quality-oriented company culture but also in strengthening their sustainability management abilities. This study conducts a literature review and empirical research to examine how significantly the variables of a quality-oriented company culture, customer-centered management, and process-centered and supply chain management-centered cooperation affect sustainability management performance in relation to economic profitability, environmental integrity, and social responsibility. Research design, data, and methodology - To verify research models and hypotheses, the study examined 170 companies using a questionnaire survey conducted over six weeks, and involved the performance of data analysis on 146 samples. Questionnaire responses were calibrated based on a Likert scale. The study used the Smart PLS 2.0 program designed for PLS (partial least squares), an analysis instrument of SEM (structural equation modeling). The study then verified empirical research hypotheses working on reliability analysis, validity analysis, factorial analysis, and path analysis. Results - Among the nine hypotheses, four are accepted and the rest are rejected. A quality-oriented company culture focusing on customer-centered management significantly influenced the maintainability management performance of environmental integrity and social responsibility, while economic profitability was dismissed. A process-focused quality-oriented company culture was significantly concerned with economic profitability but not with environmental integrity or social responsibility. A supply-chain cooperative company culture had a significant effect on economic profitability but not on environmental integrity or social responsibility. Conclusion - This study proposes strategic directions to help manufacturers expand their competitive quality-oriented company culture as well as strengthen abilities with sustainability management. It conducts a literature review and empirical research to examine how significantly the variables of quality-oriented company culture, customer-centered management, and process-centered and supply chain management-centered cooperation affect sustainability management performance in relation to economic profitability, environmental integrity, and social responsibility. There are two main conclusions. First, companies should consider the need for social responsibility management and environmental transparent management-focused maintainability management as avenues to create new markets and business, thereby helping the companies secure a reputation for having a customer and process-centered quality-oriented company culture by creating shared values between supply chains and enabling win-win situations through cooperation. Second, we are marching towards a creative win-win era from a society of conflicts and ruptures. Companies should understand that social responsibility management and supply chain management (SCM)-focused cooperation are the foundations of sustainable development, as they try to improve their culture while pursuing both win-win relationships with interested parties and equity in various conflictive relations.

Groundwater and Soil Pollution Caused by Forest Fires, and Its Effects on the Distribution and Transport of Radionuclides in Subsurface Environments: Review (산불에 의한 지하수 토양 환경오염과 방사성 물질 분포 및 거동 영향 고찰)

  • Hyojin Bae;Sungwook Choung;Jungsun Oh;Jina Jeong
    • Economic and Environmental Geology
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    • v.56 no.5
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    • pp.501-514
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    • 2023
  • Forest fires can generate numerous pollutants through the combustion of vegetation and cause serious environmental problems. The global warming and climate change will increase the frequency and scale of forest fires across the world. In Korea, many nuclear power plants (NPPs) are located in the East Coast where large-scale forest fires frequently occur. Therefore, understanding the sorption and transport characteristics of radionuclides in the forest fire areas is required against the severe accidents in NPPs. This article reviewed the physiochemical changes and contamination of groundwater and soil environments after forest fires, and discussed sorption and transport of radionuclides in the subsurface environment of burned forest area. We considered the geochemical factors of subsurface environment changed by forest fire. Moreover, we highlighted the need for studies on changes and contamination of subsurface environments caused by forest fires to understand more specific mechanisms.

A Study on the Sustainability Assessment of Ports using TBL (Triple Bottom Line) (TBL을 활용한 항만의 지속가능성 평가에 관한 연구)

  • Park, Ho;Lee, Joo-ho;Jang, Hyun-mi
    • Journal of Korea Port Economic Association
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    • v.32 no.4
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    • pp.211-220
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    • 2016
  • In accordance with the environmental changes that surrounds the port, there seems to be a trend of increasing interest in a sustainable development and operation of port. Considering that sustainability assessment utilizing Triple Bottome Line(TBL) has been conducted actively in various fields of research, it is essential to evaluate port sustainability including not only economic aspect but also social as well as environmental ones. In this regard, this study aims to measure the relative importance of port sustainability index using AHP. Moreover, sustainability of Korean four major ports has been tested by adopting the newly developed index in this study. From the results, it can be concluded that in addition to securing high value cargoes, increasing efficiency of port operation and infrastructure together with capital investment are essential. Growth harmonized with surrounding area of port and environment-friendly port operation should not be disregarded.

Economic Effect of The Regional Fishery Product Supply Shortage - Focusing on Fisheries Risk Factors - (지역별 수산물 공급지장의 경제적 파급효과 분석 - 수산업 리스크 요인을 중심으로 -)

  • Um, Kwon-O;Lee, Mu-Hui
    • The Journal of Fisheries Business Administration
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    • v.53 no.3
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    • pp.65-83
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    • 2022
  • In addition to simply providing quality food to the people, the fishery industry must be maintained and developed because it has various functions such as national food security, preservation of natural scenery, protection of national territory, and revitalization of the local economy. However, risk factors such as climate changes and environmental destruction have raised concerns about the sustainable development of the industry. Since these risk factors are becoming larger and more complex over time, it is time to conduct research related to the risk of the fishery industry. Therefore, the purpose of this study is to explore the risk factors facing the fisheries at this point, to analyze the economic ripple effect of regional fishery product supply shortage, and to draw implications. As a result of this study, the economic ripple effect of fishery product shortage per won was highest in Busan, followed by Gangwon, Gyeongnam, and Gyeongbuk. Considering the size of the local fishery industry, Busan had the highest supply shortage per 1% of local fisheries production. It is also necessary to prepare special risk management and countermeasures for these regions since the effect of supply shortage in regions such as Jeonnam, Gyeongnam, and Jeju is large compared to other regions.

A Study on Win-Win Cooperation between Agriculture and Corporations: Focusing on Distribution Cooperation (농업-기업 간 상생협력 구축 전략에 대한 연구: 유통협력형을 중심으로)

  • Park, Seong-Jin;Heo, Seong-Yoon;Choi, Jong-Woo
    • Journal of Distribution Science
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    • v.14 no.10
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    • pp.137-146
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    • 2016
  • Purpose - Korean agriculture is facing internal and external environmental changes and the need for secure stable outlets. Active participation and mutually beneficial cooperation between enterprises and agricultural is necessary for a win-win situation. This study investigates the case for distribution cooperation and a cooperative system. To respond to the diverse needs of consumers and market reclamation, there is a need to analyze and categorize distribution cooperation. Research design, data, and methodology - A literature study, relevant interviews with enterprises, and meetings with local government practices were conducted. A survey frame was derived through the participation of agricultural enterprises and distribution cooperation models were categorized identifying win-win cooperation and best practices. It was organized on the basis of six best practice examples of distribution cooperation between industry and agricultural sectors, divided into three types: opening distribution channels, exporting cooperation, and developing new products. Results - An innovation management system that can adapt to environmental changes and problems of agriculture is necessary. A company has to supply high-quality agricultural products reliably to meet the preferences of consumers by introducing products that promote domestic market differentiation. In addition, consumers are choosing a variety of products that may include not only high quality products but also local products and safe products. The main areas of cooperation are the direct provision of agrifood raw materials to consumers. Next, would be to help agricultural sectors distribute and pioneer international markets. The ideal step for distribution cooperation is the joint investment in new products by business and agriculture. Conclusions - Agriculture and win-win cooperation with enterprises is in an early stage of social contribution. To implement a distribution cooperation model between business and agricultural sectors, it is crucial to establish a structured support system including joint councils. Additional requirements include strengthening agricultural capacities, creating a legal basis for provision, and producing a win-win cooperation environment. The promotion of win-win cooperation and agricultural enterprises needs to exist in various forms in order to establish a different type of incentive system.