• Environmental and Resource Economics Review
• /
• v.25 no.3
• /
• pp.421-447
• /
• 2016

I examine the situation in which the players compete to obtain economic rents which is generated by the market-based environmental regulation, such as carbon taxes or tradable permit allocations. Drawing on contest theory, I employ the sharing rules which is devised to motivate players best effort, and consider two models in carbon taxes: one model with observable sharing rules and the other model with unobservable sharing rules. I show that, first, the overall welfare of carbon taxes is always less than that of tradable permit allocations under the model with observable sharing rules. Second, depending on the share of the preassigned allocation in tradable permit allocations, the overall welfare of carbon taxes may be larger than that of tradable permit allocations under the model with unobservable sharing rules.

• Korean Journal of Environment and Ecology
• /
• v.14 no.3
• /
• pp.175-182
• /
• 2000

본 연구는 자연생태계 소목의 생장에 따른 탄소저장 및 흡수량 지표를 도출하고 용인시를 대상으로 임상유형의 영급별 탄소저장 및 흡수를 계량하였다. 침엽수 1주당 탄소저장 및 흡수량은 중부와 남부의 생장지역간 유의한 차이가 없었으나(p>0.05). 활엽수의경우는 남부지역에서 중부지역보다 더욱 많았다. 수목 1주당 탄소저장 및 흡수량은 활엽수가 동일 직경의 침엽수보다 더욱 많았으며, 그 차이는 직경생장과 더불어 증가하는 경향을 보였다. 용인시 자연생태계의 단위면적당 평균 탄소저장 및 흡수량은 역시 영급이 높을수록 많았으며, II 영급을 제외한 동일 영급내에서는 침엽수림보다는 혼효림이, 혼효림보다는 활엽수림이 더욱 많았다. 중부지역에서 생장하는 흉고직경 20cm 의 활엽수 1주는 약 175리터의 휘발유 소비로 인하여 배출되는 탄소량을 저장하고, 1ha의 IV 영급 활엽수림은 시민 57명이 화석연료 소비로 연간 배출하는 탄소량을 저장하였다. 본 연구의 탄소저장 및 흡수 지표는 직경 생장에 따른 삼림수목의 대기탄소농도 저감 가치를 용이하게 추정하는데 활용될 수 있다.

• Environmental and Resource Economics Review
• /
• v.13 no.4
• /
• pp.621-655
• /
• 2004

Emission Trading (ET) among Annex I countries as expounded in Kyoto mechanism can be an effective mean to control Greenhouse Gases(GHGs), particularly $CO_2$ emissions from fossil fuels. For the international ET to be an effective tool to reduce the global emissions, however, it presupposes that there are no carbon leakage, i.e. Annex I emitters will purchase emission permits if emitting above caps, rather than importing emission-intensive goods from non-Annex I countries thus inducing the foreigners to emit instead. The extent to which a country leaks carbon through trade can be revealed by its bilateral balance of current accounts and related Balance of Emissions Embodied in Trade (BEET) supplemented by Emission Terms of Trade (ETT). Earlier studies on BEET and ETT relied on few selected countries in a partial equilibrium context, Korea being treated as insignificant though she is not a minor emitter. This paper is an attempt to examine BEET in the global CGE framework and to compare its structural difference across countries, with a special emphasis on South Korea.

• Journal of Navigation and Port Research
• /
• v.47 no.3
• /
• pp.134-146
• /
• 2023

The issue of 'carbon reduction' can be said to be one of the most important issues worldwide. For efficient carbon reduction, it is necessary to consider ways to increase absorption and reduce emissions. Accordingly, much attention has been paid to increasing carbon absorption using blue carbon biomass. Blue carbon biomass refers to an ecosystem related to blue carbon, which has a higher carbon absorption rate than inland ecosystems and a longer collection period. It is very efficient in reducing carbon. Therefore, in this study, a current status survey was conducted on domestic and foreign policies, studies, and plans related to the preservation of blue carbon biomass habitats. Basic research was conducted to prepare plans for future preservation of blue carbon biomass habitats suitable for the domestic environment.

• Journal of Climate Change Research
• /
• v.2 no.2
• /
• pp.115-131
• /
• 2011

Out of all the possible actions that can be taken to respond to greenhouse gas reduction, including development of greenhouse gas reduction technology, infrastructure, actions to improve energy saving and efficiency, and offset with carbon emission reductions (CERs), this study shall focus on the investment on CERs. This study will take a look at risks involved with investing in CERs such as UN registration refusal risk and CERs price fluctuation, and will design risk management model which shall be verified. The goal of this paper is to provide optimized CERs investment strategies for different types of investors, such as general trading companies seeking for investment opportunities and financial companies with plans for green products development and investment by preparation for carbon market. It is expected that the global competitiveness of domestic financial companies shall be improved by taking actions on carbon market instead of previous passive response to climate change and that Korea, the number two Carbon Emissions supplier and number one derivatives market in terms of volume, shall be able to lead the worldwide carbon market.

• Computational Structural Engineering
• /
• v.24 no.1
• /
• pp.8-13
• /
• 2011

• Magazine of the Korean Society of Agricultural Engineers
• /
• v.65 no.2
• /
• pp.34-43
• /
• 2023

• The Journal of The Korea Institute of Intelligent Transport Systems
• /
• v.22 no.6
• /
• pp.49-65
• /
• 2023

In response to the growing global concern for the environment, the international community has recently committed to achieving 'carbon neutrality.' As a result, numerous studies have been conducted on mode choice models that include carbon emissions as a variable. However, few studies have established a correlation between individual preferences and carbon emissions. In this study, a new mode of transportation named sustainable public transit (SPT), incorporating carbon-reducing transport options like electric scooters, is proposed. Analyzing the individual preferences of commuters on carbon emissions through factor analysis, a stated preference (SP) survey was conducted. A mode choice model for SPT was constructed using multinomial logit models. The results of the analysis showed that gender, income, and specific preferences, such as a passion for exploring new routes, a preference for intermodal transfers, knowledge of carbon reduction, and carbon reduction practices, significantly influence latent preferences for SPT. Therefore, this study is significant as it considers carbon emissions as an attribute variable during the construction of mode choice models and reflects the individual preference variables associated with carbon reduction.

• International Area Studies Review
• /
• v.21 no.4
• /
• pp.223-245
• /
• 2017

This study is examined interaction between carbon market with stock market using a multivariate GARCH(DCC) model. Carbon market is EU ETS EUA price, stock market is the iron and cement stock price which has relatively energy intensive and massive carbon emissions sector in the industrial sector. It also analyzed changes in the correlation between the markets through an analysis of correlation coefficients. Moreover, it checked whether there was marketability expansion(or expansion of carbon emissions reduction) through the analysis above. As a result of empirical tests, it showed that the price spillover effect was insignificant. In addition, it represented that there was a weak correlation between the two markets since the volatility spillover effect disappeared in the second phase by an external shock(a financial crisis). Moreover, it was revealed that there were no significant changes although there was a weak upward trend in terms of the correlation between the carbon market and the stock market. This implies that emission rights could not expand marketability to financial market as a commodity(or did not play its natural role of the reduction of carbon emission).

• Magazine of RCR
• /
• v.17 no.2
• /
• pp.34-40
• /
• 2022