• Journal of Korean Society of Forest Science
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• v.111 no.1
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• pp.165-176
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• 2022

To raise awareness of carbon reduction in climate change, the Korea Forest Service has developed and adopted a forest carbon offset program, which aims to reduce carbon levels based on forest management. However, to maintain the forest carbon offset program, challenges such as the lack of a forest monitoring system to manage and maintain the program, must be faced. In this context, we investigated the limitations of conducting forest carbon offset programs using a number of interview techniques, including in-depth interview and questionnaire survey methods. The questionnaire surveys were developed based on the results of a literature review along with a preinterview and in-depth survey of the people in charge of the forest carbon offset program. The Irving Seidman technique was adopted for the in-depth interviews. Additionally, descriptive and frequency analyses were conducted to identify the characteristics of perception. Lastly, logistic regression was used to identify the limiting factors that affect the willingness to perform forest carbon offset monitoring activity. Results showed that the project managers or people in charge of the forest carbon offset program lacked expertise in forest carbon offset programs, which negatively affected their willingness to perform monitoring activity. Additionally, the study revealed a number of limiting factors that hindered the monitoring of forest carbon offset projects. Improving understanding using the approaches presented in this study may contribute to increasing the benefits associated with the forest carbon offset program in South Korea.

• Journal of Climate Change Research
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• v.1 no.2
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• pp.97-107
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• 2010

A forest project for the sequestration of carbon dioxide helps to reduce the concerntration of greenhouse gas in atmosphere and provides various co-benefits. A lot of forestry-based carbon offset programs have been developing for the purpose of CSR(Corporate Social Responsibility), voluntary GHG emission reduction, and regulatory context etc. in worldwide. We studied major characteristics - project type and criteria, additionality, credits, permanence, carbon accounting and monitoring, co-benefit - of advanced forest carbon offset programs. Also, we tried to comprehend the direction and basic elements to design a domestic program.

• Journal of the Korean Geographical Society
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• v.49 no.2
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• pp.264-274
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• 2014

The main purpose of the current research is to analyze DPR Korean carbon emissions due to forest loss and to identify potential project sites for REDD implementation. REDD (Reducing Emissions from Deforestation and forest Degradation) is a global environmental policy that is geared towards lowering carbon emissions in developing and least developed countries through saving forests that are vulnerable to future deforestation. DPR Korea is known for its underdevelopment as well as its serious environmental degradation, but limited research exists regarding these issues. The research employs remotely sensed global data and forest carbon stock information from the existing literature to quantify carbon emissions in DPR Korea. It turns out that the country may have had emitted about 82.6 to 149.3 $MtCO_2e$ due to forest loss between 2005 and 2009. A few administrative districts are delineated as prospective REDD sites, of which the outcomes of Local Moran's I represent high rates of deforestation. In brief, it appears there is a great possibility to lower carbon emissions in DPR Korea via REDD implementation.

• Economic and Environmental Geology
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• v.54 no.6
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• pp.733-741
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• 2021

Globally, in accordance with the goals set forth in the 2015 Paris Climate Agreement, each country has established and declared a reduction target for carbon neutrality by 2050. The roadmaps for establishing long-term greenhouse gas emissions development strategies and setting reduction targets have been announced. As the international community accelerates the transition to the net-zero society, 128 countries have declared net-zero by the end of 2020, and the net-zero declaration continues to expand around G20 member states. In December 2020, Korea announced the "2050 Net-zero Strategy" to establish a foundation for simultaneously achieving carbon reduction, economic growth, and improved quality of life for the people through active response to the net-zero, and pursuing policy tasks in stages to do this. Comprehensive carbon management is insufficient due to the lack of comprehensive carbon management due to the departure from the areas of mandatory reduction, such as the GHG energy target management system and the GHG emissions trading offset system implemented to reduce greenhouse gases in Korea. Currently, there is no cases for estimation or calculation of carbon dioxide emissions for the Mine Reclamation projects. It is reviewed the standard methods proposed by domestic and foreign carbon emission calculation methods and proposed appropriate carbon emission estimation methods for the Mine Reclamation projects in this study.

• Korea Trade Review
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• v.48 no.4
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• pp.189-208
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• 2023

This paper analyzed the dynamic conditional correlation between the Korean ETS market, energy market and stock market. This paper conducted an empirical analysis using daily data of Korea's carbon credit trading price, WTI crude oil futures price, and KOSPI index from February 2, 2015 to December 30, 2021. First, the volatility of the three markets was analyzed using the GARCH model, and then the dynamic conditional correlations between the three markets were studied using the bivariate DCC-GARCH model. The research results are as follows. First, it was found that the Korean ETS market has a higher rate of return and higher investment risk than the stock market. Second, the yield volatility of the Korean ETS market was found to be most affected by external shocks and least affected by the volatility information of the market itself. Third, the correlation between the Korean ETS market and the stock market was stronger than that of the WTI crude oil futures market. This paper analyzed the correlation between the Korean ETS market, energy market, and stock market and confirmed that the level of financialization in the Korean ETS market is quite low.

• Environmental and Resource Economics Review
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• v.18 no.4
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• pp.587-635
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• 2009

The purpose of this study is to develop the Global Dynamic Computable General Equilibrium Model (Global CGE Model) in order to produce an economic impact analysis, including prospective obligations for the Post-2012 regime. This model explores the impact of an international emissions trading market and macroeconomic variables such as GNP, consumption, investment, imports and exports, in accordance with potential increased obligations on the Republic of Korea. Distinguishing it from existing studies, this Global CGE Model divides the global community into major economic groups, and in the capacity of the analyzed global model, reflecting the principle nations' macroeconomic indicators through the theoretical approach of endogenous growth theory. Policies such as an emissions trading scheme and carbon tax are reflected in the model. Also, in particular, the model reflects exogenous technological advances. According to this analysis, the stronger the greenhouse gas reductions, the greater the adverse effects on the economy; among macroeconomic indicators that appear, a significant decline is realized in the balance of trade, along with a significant decrease in investment and consumption. Energy dependence, in particular, plays a large role-varying in degree by industry type-, as greenhouse gas reductions would have a greater impact on energy-intensive industries. Furthermore, if Korea, currently recognized as a developing country, is given the obligation to reduce greenhouse gas emissions, competing countries such as China and other developing countries will be given an advantage.

• 해운
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• s.99
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• pp.14-20
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• 2013

석유생산이 정점을 짝은 후 감소한다는 피크오일(Peak Oil)의 대표사례로 지목되던 미국에서 원유생산이 39년 만에 증가세로 전환됐다(<그림 1> 참조). 2012년에는 WTI 유가 1% 하락에도 불구하고 미국은 주요 신유국 중에서 이라크에 이어 세계 두 번째로 빠른 석유생산 증가율(8.9%)을 기록하면서 세계 최대 석유 생산국으로 발돋움했다. 최근 들에서는 멜릴린치와 삭소은행 등 일부 투자은행들이 2년 내에 WTI 유가가 배럴당 50달러로까지 하락할 수 있다는 견해를 내 놓았다. 석유 생산 확대세가 이어지면서 미국내에서 거래되는 유가가 절반 가까이 하락할 수 있다는 것이다. 미국이 빠른 석유 생산 확대를 보이는 데에는 비전통 석유인 타이트 오일(Tight Oil)의 역할이 크다. 타이트 오일은 셰일가스가 매장된 셰일층, 즉 모래와 진흙이 굳어진 지하 퇴적암층에 존재하는 원유다. 탄소 함유량이 많고 황 함량이 적은 경질유이기 때문에 LTO(Light Tight Oil)라고 지칭되기도 한다. 일부에서는 셰일층이라는 매장위치를 감안해 셰일오일(Shale Oil)이라 부르기도 한다. IEA와 EIA 등 주요 에너지 기관들은 동식물의 사체가 원유로 변하기 전 단계인 케로젠(Kerogen)이 주성분인 오일셰일(Oil Shale)과 오일셰일에 열을 가해 합성 석유로 만든 셰일오일을 타이트 오일과 구분하고 있다. 타이트 오일의 잠재력을 평가하고 중장기 생산 전망과 이로 인한 국제석유시장 파급효과를 살펴본다. 다음은 엘지경제연구원에서 발표한 '셰일혁명으로 부상한 Tight Oil, 유가 안정 역할 커진다'의 주요 내용을 요약 정리한 것이다.

• Environmental and Resource Economics Review
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• v.32 no.1
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• pp.47-75
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• 2023

Compared to the EU, which legislates the Carbon Border Adjustment System (CBAM), the United States' carbon border adjustment policy movement is still relatively slow. Recently, however, a related bill has been proposed in the United States, and research institutes have been presenting research results on how to introduce an upstream carbon tax rather than an emission trading system and carry out carbon border adjustment based on it. Therefore, in this study, we looked at the economic and environmental effects of introducing this type of upstream carbon tax and carbon border adjustment in Korea. If an upstream carbon tax of KRW 30,000 per ton of CO₂ is applied to the net supply of domestic fossil energy, the expected carbon tax revenue is approximately KRW 22.9961 trillion, equivalent to about 5.7% of the total revenue of the Korean government of KRW 402 trillion in 2019. In addition, the carbon dioxide content of the steel sector, calculated based on the energy supply and demand status of the steel sector, which emits the most greenhouse gas emissions in Korea and has a considerable amount of overseas exports, was 106.22 million tons of CO₂. On the other hand, assuming that the upstream carbon tax of 30,000 won per ton of CO₂ embodied is directly passed on to the production cost of the steel sector, the carbon tax burden in the steel sector is estimated to reach approximately KRW 3.1865 trillion. Even after deducting KRW 1.1599 trillion in export refunds estimated by using the share of exports of steel products, the net carbon tax burden on steel products for domestic demand amounts to KRW 2.0266 trillion, which is analyzed to act as a factor in increasing the price of steel products.

• Journal of Korean Society of Transportation
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• v.28 no.6
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• pp.33-42
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• 2010

Recently, the reduction of greenhouse gases(GHG) for climate change is the most important international issue. In order to control efficiency GHG emission rate reduction, it is essential to establish GHG emission inventory preferentially. The emission of ships that are emitting its $CO_2$ in international waters is becoming chief among the issues which country is put under an obligation. In the IMO reports, shipping is estimate to emit 1,046million tonnes of $CO_2$, which corresponds to 3.3% of global emission during 2007. International shipping is estimated to have emitted 870 million tonnes, about 2.7% of global emission of $CO_2$ in 2007. In this study, the general information of GHG emission, based on fuel consumption statistic, Tier 1, and the emission inventory is calculated to break down in to domestic and international emission. The GHG emission from ships in Korea was total 31,646 Gg $CO_2$-eq in 2009, which is included fishing, Korea flag coastal ship, Korea flag ocean going ship and foreign flag ships. And domestic emission and international emission was 5,398Gg $CO_2$-eq, 7,630Gg $CO_2$-eq and foreign flag ship was 18,618Gg $CO_2$-eq respectively.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.31 no.1D
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• pp.111-117
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• 2011

In the wake of increased concerns on reduction of greenhouse emission which started with United Nation's Framework Convention on Climate Change (UNFCCC) and Kyoto protocol, Korean government is making various efforts under the represented slogan "Low Carbon, Green Growth". Therefore, it is inevitable that construction industry also follow the Korea government's slogan and the international trend in environmental problems. This study identified several main construction materials and equipments of civil construction projects and suggested a environmental cost estimation method and related estimation standards (Public and private owners are distinguished). A case analysis of a real road construction project is also performed and characteristics according to the owner type is compared. This study analyzed the environmental impact to total construction cost variations. In the result, public owner required 11~16% of extra budget and private owner required 19~22% of extra costs. This study is limited in consideration of environmental factors and carbon trading prices.