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http://dx.doi.org/10.15266/KEREA.2018.27.3.399

A study on Estimation of CO2 Abatement Cost in Korean Offshore Fishery  

Shin, Yongmin (Division of Economics, College of Humanities and Social Sciences, Pukyong National University)
Jeong, Gyeowoon (Department of Resource and Environmental Economics, Graduate School, Pukyong National University)
Publication Information
Environmental and Resource Economics Review / v.27, no.3, 2018 , pp. 399-420 More about this Journal
Abstract
This study has attempted environmental economic analysis on the cost structure of offshore fisheries based on fishery management data published by the Fisheries Research Institute to examine the effect of the environmental policy on the fisheries for the effective implementation of the Paris Convention. Under the assumption that both fisheries and carbon dioxide are simultaneously produced, the cost structure of offshore fisheries were analyzed. Cost function in a translog form was estimated and SUR (Seemingly Unrelated Regression) model was used for the analysis. Here, $CO_2$ emission of offshore fishery was calculated by using National Federation of Fisheries Cooperatives' data on supply of tax exemption oil (2003~2016). The cost function estimation showed that there is a weak disposition between catches and $CO_2$ emissions during the sample period, and the marginal abatement cost (MAC) is estimated at 1,457 won per year. In addition, for the same period, when 1% of $CO_2$ per horsepower is to be reduced MAC increases by 2.2%, and when 1% of $CO_2$ per 1 ton of catch is to be reduced, MAC increases by 1.4%.
Keywords
Offshore Fishery; Cost Function; $CO_2$; Marginal Abatement Cost; Climate Change;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
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