• Environmental and Resource Economics Review
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• v.14 no.1
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• pp.221-235
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• 2005

In this paper, we analyzed the dynamic structure of optimal tariff levied on importing non-renewable resources such as petroleum, iron, coal, etc. According to the previous literature that have studied this objective, the time inconsistent open loop tariff has been suggested to be imposed in order to improve the welfare level of importing country. We set up the efficient model to identify how to impose the optimal tariff over time. Based on this model, we have found that the previous literature ignored that the costate variable for the stock for non-renewable resource decomposed between the scarcity effect and the cost effect. On the basis of the role of costate variable, we, however, have found that the proposition of the previous literature has led into errors. Hence, we suggest that the dynamically consistent open loop tariff for non-renewable resources would improve the welfare level of importing country.

• Journal of the Korea Concrete Institute
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• v.26 no.4
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• pp.465-474
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• 2014

This is a comparative study that shows the overall environmental impacts from concrete structures when different compressive strength of concrete applied to structural systems having the same reference flow with different durability. A total of 24 MPa, 40 MPa and 60 MPa cases is analyzed to define the characteristic using end-point perspective LCA methodology including the stages of production, construction, maintenance and disposal. As results, global warming, non-renewable energy and respiratory inorganics problems are the major issues for assessing environmental impacts of concrete products.

• Environmental and Resource Economics Review
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• v.29 no.2
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• pp.219-246
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• 2020

From the Phase II (2018~2020) of K-ETS, the offset credit from 'CDM projects that domestic companies and others have carried out in foreign countries' can be used in the K-ETS. As a result, stakeholders in the K-ETS market are actively developing overseas CDM projects, such as the 'high-efficiency cook stove project'. which can secure a large amount of credits while marginal cost is relatively low. This paper develops the investment decision-making model of offset project for the 'high-efficiency cook stove project' using the real option approach. Under the uncertainty of the emission allowance price, the optimal investment threshold (p^⁎) is derived and sensitivity analysis is conducted. As a result, in the standard scenario (PoA-S), the optimal investment threshold is 29,054won/ton, which is lower than the stock price (p^⁎_spot). However, allocation entities are not only economics in the CDM project, but also CDM risk factors such as non-renewable biomass ratio, cook stove replacement ratio, equity ratio with host country, investment period and submission limitation of emission allowance. In addition, offset project developers will be able to derive the optimal investment threshold for each business stage and use it for economic feasibility checks.