• Title/Summary/Keyword: $CO_2$ mitigation cost

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GHG Mitigation Scenario Analysis in Building Sector using Energy System Model (에너지시스템 분석 모형을 통한 국내 건물부문 온실가스 감축시나리오 분석)

  • Yun, Seong Gwon;Jeong, Young Sun;Cho, Cheol Hung;Jeon, Eui Chan
    • Journal of Climate Change Research
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    • v.5 no.2
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    • pp.153-163
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    • 2014
  • This study analyzed directions of the energy product efficiency improvement and Carbon Tax for the domestic building sector. In order to analyze GHG reduction potential and total cost, the cost optimization model MESSAGE was used. In the case of the "efficiency improvement scenario," the cumulative potential GHG reduction amount - with respect to the "Reference scenario" - from 2010 to 2030 is forecast to be $104MtCO_2eq$, with a total projected cost of 2.706 trillion KRW. In the "carbon tax scenario," a reduction effect of $74MtCO_2eq$ in cumulative potential GHG reduction occurred, with a total projected cost of 2.776 trillion KRW. The range of per-ton GHG reduction cost for each scenario was seen to be approximately $-475{\sim}272won/tCO_2eq$, and the "efficiency improvement scenario" showed as the highest in the order of priority, in terms of the GHG reduction policy direction. Regarding policies to reduce GHG emissions in the building sector, the energy efficiency improvement is deemed to deployed first in the future.

Comparison of Cost-Efficiency of Nuclear Power and Renewable Energy Generation in Reducing CO2 Emissions in Korea (원자력 및 신재생에너지 발전의 CO2 감축 비용 효율성 비교)

  • Lee, Yongsung;Kim, Hyun Seok
    • Environmental and Resource Economics Review
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    • v.30 no.4
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    • pp.607-625
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    • 2021
  • The objective of this study is to estimate the relationship between CO2 emissions and both nuclear power and renewable energy generation, and compare the cost efficiencies of nuclear power and renewable energy generation in reducing CO2 emissions in Korea. The results show that nuclear power and renewable energy generation should be increased by 1.344% and 7.874% to reduce CO2 emissions by 1%, respectively. Using the estimated coefficients and the levelized costs of electricity by source including the external costs, if the current amount of electricity generation is one megawatt-hour, the range of generation cost of nuclear power generation to reduce 1% CO2 emissions is $0.72~$1.49 depending on the level of external costs. In the case of renewable energy generation, the generation cost to reduce 1% CO2 emissions is $6.49. That is, to mitigate 1% of CO2 emissions at the total electricity generation of 353 million MWh in 2020 in Korea, the total generation costs range for nuclear power is $254 million~$526 million for the nuclear power, and the cost for renewable energy is $2.289 billion for renewable energy. Hence, we can conclude that, in Korea, nuclear power generation is more cost-efficient than renewable energy generation in mitigating CO2 emissions, even with the external costs of nuclear power generation.

Analysis on CO2 Mitigation Potential and Economic Effect of Green Life in the Residential Sector in Korea (녹색생활 실천에 따른 가정부문의 이산화탄소 감축잠재량 및 경제적 효과 분석)

  • Jin, Hyung Ah;Yeo, So Young;Yoon, So Won;Kim, Dai Gon;Seo, Jeong Hyeon;Hong, Yoo Deog;Han, Jin Seok
    • Journal of Korean Society for Atmospheric Environment
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    • v.29 no.5
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    • pp.668-681
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    • 2013
  • The Korean government announced a national mid-term target to reduce 30% of greenhouse gas (GHG) emissions from business-as usual (BAU) level by 2020 in a voluntary and independent manner. In this study, we examined the $CO_2$ mitigation potential and conducted an economic effect analysis of green living actions in households in Korea. We also proposed some ways to implement green life to achieve the national target. If green lifestyle takes root in households nationwide, $CO_2$ emission would be reduced to 27.3% of the emission in 2007. This would save the country about 4.93 trillion won per year and each household could save about 300,000 won per year, which accounts for about 0.5% of GDP (as of 2007). Considering the five-year plan for green growth to invest 2% of GDP in green growth every year, this would not only reduce the economic burden on households, industries and the country but also increase economic growth potential by reinvesting the saved resources into green growth. Heating and lighting would be the greatest contributor to GHG mitigation of green life in the residential sector. It means we could achieve the national goal by reducing unnecessary heating and lighting and using energy-saving electric home appliances. The implementation of green living actions would reduce a significant amount of greenhouse gas emissions, ultimately relieving the burden on businesses to reduce GHG emissions. And it is one of the most cost-effective mitigation tools in order to achieve the mid-term GHG mitigation goal.

Effects of District Energy Supply by Combined Heat and Power Plant on Greenhouse Gas Emission Mitigation (열병합발전을 이용한 집단에너지사업의 온실가스 감축효과)

  • Shin, Kyoung-A;Dong, Jong-In;Kang, Jae-Sung;Im, Yong-Hoon;Kim, Da-Hye
    • Journal of Climate Change Research
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    • v.8 no.3
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    • pp.213-220
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    • 2017
  • The purpose of this study is to analyze effects of Greenhouse Gas (GHG) emission reduction in district energy business mainly based on Combined Heat and Power (CHP) plants. Firstly this paper compares the actual carbon intensity of power production between conventional power plants and district energy plants. To allocate the GHG from CHP plants, two of different methods which were Alternative Generation Method and Power Bonus Method, have been investigated. The carbon intensity of power production in district energy plants ($0.43tonCO_2e/MWh$) was relatively lower than conventional gas-fired power plants ($0.52tonCO_2e/MWh$). Secondly we assessed the cost effectiveness of reduction by district energy sector compared to the other means using TIMES model method. We find that GHG marginal abatement cost of 'expand CHP' scenario (-$134/ton$CO_2$) is even below than renewable energy scenario such as photovoltaic power generation ($87/ton$CO_2$). Finally the GHG emission reduction potential was reviewed on the projected GHG emission emitted when the same amount of energy produced in combination of conventional power plants and individual boilers as substitution of district energy. It showed there were 10.1~41.8% of GHG emission reduction potential in district energy compared to the combination of conventional power plants and individual boilers.

Membrane-Based Direct Air Capture: A Review (막 기반 직접공기포집: 총설)

  • Seong Baek Yang;Kwang-Seop Im;Km Nikita;Sang Yong Nam
    • Applied Chemistry for Engineering
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    • v.35 no.2
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    • pp.85-95
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    • 2024
  • Direct air capture (DAC) technology plays a crucial role in mitigating climate change. Reports from the International Energy Agency and climate change emphasize its significance, aiming to limit global warming to 1.5 ℃ despite continuous carbon emissions. Despite initial costs, DAC technology demonstrates potential for cost reductions through research and development, operational learning, and economies of scale. Recent advancements in high-permeance polymer membranes indicate the potential of membrane-based DAC technology. However, effective separation of CO2 from ambient air requires membranes with high selectivity and permeability to CO2. Current research is focusing on membrane optimization to enhance CO2 capture efficiency. This study underscores the importance of direct air capture, evolving cost trends, and the pivotal role of membrane development in climate change mitigation efforts. Additionally, this research delved into the theoretical background, conditions, composition, advantages, and disadvantages of permeance and selectivity in membrane-based DAC.

Strategic Planning of Carbon Capture & Storage (CCS) Infrastructure Considering the Uncertainty in the Operating Cost and Carbon Tax (불확실한 운영비용과 탄소세를 고려한 CCS 기반시설의 전략적 계획)

  • Han, Jee-Hoon;Lee, In-Beum
    • Korean Chemical Engineering Research
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    • v.50 no.3
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    • pp.471-478
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    • 2012
  • A carbon capture and storage (CCS) plays a very important role to reduce $CO_2$ dramatically in $CO_2$ emission sources which are distributed throughout various areas. Numerous research works have been undertaken to analyze the techno-economic feasibility of planning the CCS infrastructure. However, uncertainties such as $CO_2$ emissions, $CO_2$ reduction costs, and carbon taxes may exist in various impact factors of the CCS infrastructure. However, few research works have adopted these uncertainties in designing the CCS infrastructure. In this study, a two-stage stochastic programming model is developed for planning the CCS infrastructure under uncertain operating costs and carbon taxes. It can help determine where and how much $CO_2$ to capture, store or transport for the purpose of minimizing the total annual $CO_2$ reduction cost in handling the uncertainties while meeting the $CO_2$ mitigation target. The capability of the proposed model to provide correct decisions despite changing the operating costs and carbon taxes is tested by applying it to a real case study based on Korea. The results will help to determine planning of a CCS infrastructure under uncertain environments.

Innovations for Sustainability: A Case of Mainstreaming Energy Access in Rural India

  • Patil, Balachandra
    • Asian Journal of Innovation and Policy
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    • v.4 no.2
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    • pp.154-177
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    • 2015
  • India faces a formidable challenge in ensuring security of access to modern energy carriers to majority of its population. The fossil-fuel dominated centralized energy system has proved to be ineffective in creating sustainable access to energy, which suggests need for a radical and innovative approach. We present such an approach. First, the need for innovations given the implications of lack of energy access on sustainable development is assessed. Next, possible innovations with respect to technologies, policies, institutions, markets, financial instruments and business models are discussed. Finally, an economic and financial feasibility of implementing such innovations are analyzed. The results indicate that such a proposal needs an investment of US$ 26.2 billion over a period of 20 years for a GHG mitigation potential of 213Tg $CO_{2e}$. The proposition is profitable for the enterprises with IRRs in the range of 39%-66%. The households will get lifeline access to electricity and gas for cooking at an affordable monthly cost of about US$ 5.7.

A Study on Competitiveness and GHG Mitigation Effect of IGCC and Carbon Capture Technology According to Carbon Tax Change (탄소세 변화에 따른 IGCC와 이산화탄소 저감기술 진입경쟁력 및 온실가스 저감효과 분석)

  • Jeon, Young-Shin;Kim, Young-Chang;Kim, Hyung-Taek
    • Journal of Energy Engineering
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    • v.17 no.2
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    • pp.54-66
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    • 2008
  • After the Kyoto Protocol has been ratified in Feb. 16 2005, the developed countries which is involved in Annex-1 have tried to mitigate GHG to the reduction objective. To accomplish this objective, EU developed EU-ETS, CDM project, and so on. Korea has faced pressure to be a member of Annex-1, because Korea and Mexico are only non-Annex-1 countries in the OECD nations. In this study, we simulated power plant expansion plan and calculated $CO_2$ emission with changing Carbon Tax. Especially, we focused on the competitiveness of IGCC and carbon capture technology. In our result, even though carbon tax rise, nuclear power plant does not always increase, it increase up to minimum load. LNG combined cycle power plants substitute the coal fired power plants. If there are many alternatives like IGCC, these substitute a coal fired power plant and we can reduce more $CO_2$ and save mitigation cost.

Development of the Performance Indicator for the Mitigation of Greenhouse Gas Emissions from Products - Estimation of Social Cost for Global Warming Impact using the Conjoint Analysis - (제품의 온실가스 배출저감에 대한 성과지표 개발 - 컨조인트 분석(conjoint analysis)을 이용한 지구온난화 영향의 사회적 비용 추정 -)

  • Jeong, In-Tae;Lee, Kun-Mo;Song, Jong-Sung
    • Journal of Korean Society of Environmental Engineers
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    • v.30 no.12
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    • pp.1245-1254
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    • 2008
  • Proposing a method for the estimation of the social cost for global warming impact (external cost) is the aim of this paper. Both the endpoint approach and conjoint analysis were applied to estimating the social cost for global warming. The endpoint approach was used to assess the damage on the safeguard subjects by global warming due to the emission of greenhouse gases into the atmosphere. The conjoint analysis was used to estimate the economic values for safeguard subjects which measure the social preferences and willingness to pay (WTP) on safeguard subjects. The economic values of human health and social asset were estimated at 62,261,700 Won / DALY (yr) and 10,000 Won / 10,000 Won, respectively. Moreover, cost factors of GHGs were calculated by multiplying the damage factor which is quantified the unit damage on safeguard subject and the economic value. In the case of CO$_2$, the cost factor was calculated at 13.52 Won / kg (13,520 Won / ton). External cost of products or services can be calculated by multiplying the GHG inventory result of products or services by the cost factor of each GHG. inventory.

A Mechanism Study on Formation and Reduction of Residual Li of High Nickel Cathode for Lithium-ion Batteries (층상계 하이니켈 양극재의 잔류 리튬 생성 및 저감 메커니즘 연구)

  • MinWook, Pin;Beom Tak, Na;Tae Eun, Hong;Youngjin, Kim
    • Journal of Industrial Technology
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    • v.42 no.1
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    • pp.7-12
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    • 2022
  • High nickel layered oxide cathodes are gaining increasing attention for lithium-ion batteries due to their higher energy density and lower cost compared to LiCoO2. However, they suffer from the formation of residual lithium on the surface in the form of LiOH and Li2CO3 on exposure to ambient air. The residual lithium causes notorious issues, such as slurry gelation during electrode preparation and gas evolution during cell cycling. In this review, we investigate the residual lithium issues through its impact on cathode slurry instability based on deformed polyvinylidene fluoride (PVdF) as well as its formation and reduction mechanism in terms of inherently off-stoichiometric synthesis of high nickel cathodes. Additionally, new analysis method with anhydrous methanol was introduced to exclude Li+/H+ exchange effect during sample preparation with distilled water. We hope that this review would contribute to encouraging the academic efforts to consider practical aspects and mitigation in global high-energy-density lithium-ion battery manufacturers.