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http://dx.doi.org/10.15266/KEREA.2015.24.3.463

Estimation of Potential Supply of Offset from Household Electric Appliances  

Jin, Hyun Joung (Department of Economics, College of Business and Economics, Chung-Ang University)
Kim, Jeong In (Department of Economics, College of Business and Economics, Chung-Ang University)
You, Eun Young (Department of Culture-Art Business Administration, Graduate School of Chung-Ang University)
Park, Seo Hwa (Department of Culture-Art Business Administration, Graduate School of Chung-Ang University)
Publication Information
Environmental and Resource Economics Review / v.24, no.3, 2015 , pp. 463-488 More about this Journal
Abstract
A more detailed design of offset system is needed according to the emission trading system started in 2015. This study aims to estimate the supply of potential offset that can be secured by expanding high-efficiency household electric appliances. The target commodities for analysis are three different householding electric appliances: TV, washing machine, electric fan, refrigerator and air conditioner. By using the ARDL model, we estimated the coefficients of diffusion of these high-efficiency appliances from 2016 to 2022. Then, the potential supply of offset was drawn by calculating the amount of electricity saving by efficiency improvement and by applying the rates of carbon exchange. Supposing that the electricity savings rates of high-efficiency appliances are each 10% and 20%, the accumulated carbon decrement in 2022 was respectively $361,899CO_2t$ and $723,797CO_2t$. The appliance that showed the biggest carbon decrement was air conditioner, and the second biggest was refrigerator and the next was TV, followed by washing machine, electric fan.
Keywords
Offset; Time series data; Household electric appliances; Energy consumption efficiency; Carbon decrement;
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Times Cited By KSCI : 2  (Citation Analysis)
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