Journal of Korea Planning Association (국토계획)

Korea Planning Association (대한국토도시계획학회)
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Impact Analysis of Transition in Electricity Generation System on a National Economy and Environmental Level in Korea: a Recursive CGE Modeling Approach

발전수단 전환이 우리나라 경제와 환경에 미치는 영향분석

  • Lee, Min-Gi (Dept. of Urban Planning & Engineering, Hanyang University) ;
  • Kim, Hong-Bae (Dept. of Urban Planning & Engineering, Hanyang University)
  • Received : 2018.07.20
  • Accepted : 2018.12.10
  • Published : 2018.12.31
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Abstract

This paper attempted to analyze impacts of transition in electricity generation system on a national economy and environmental level in Korea using a recursive computable general equilibrium(CGE) model. In particular, the paper presented a hybrid model combining the top-down CGE model with the bottom-up model which describes the structure of electricity production in detail. The impacts were analyzed by two policy scenarios base on the basic plan for electricity supply and demand proposed by the Korean government. As a result, the paper specifically showed that there exists a trade-off relationship in the policy-making between economic efficiency and environmental level. The paper also suggested that the transition in electricity generation system should be done more gradually and carefully.

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