• Korean Journal of Construction Engineering and Management
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• v.16 no.2
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• pp.65-76
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• 2015

The Clean Development Mechanism (CDM) is the multi-lateral 'cap and trade' system endorsed by the Kyoto Protocol. CDM allows developed (Annex I) countries to buy CER credits from New and Renewable (NE) projects of non-Annex countries, to meet their carbon reduction requirements. This in effect subsidizes and promotes NE projects in developing countries, ultimately reducing global greenhouse gases (GHG). To be registered as a CDM project, the project must prove 'additionality,' which depends on numerous factors including the adopted technology, baseline methodology, emission reductions, and the project's internal rate of return. This makes it difficult to determine ex ante a project's acceptance as a CDM approved project, and entails sunk costs and even project cancellation to its project stakeholders. Focusing on hydro power projects and employing UNFCCC public data, this research developed a prediction model using logistic regression and CART to determine the likelihood of approval as a CDM project. The AUC for the logistic regression and CART model was 0.7674 and 0.7231 respectively, which proves the model's prediction accuracy. More importantly, results indicate that the emission reduction amount, MW per hour, investment/Emission as crucial variables, whereas the baseline methodology and technology types were insignificant. This demonstrates that at least for hydro power projects, the specific technology is not as important as the amount of emission reductions and relatively small scale projects and investment to carbon reduction ratios.

• New & Renewable Energy
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• v.3 no.4
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• pp.104-113
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• 2007

교토의정서(Kyoto Protocol)의 발효로 전 세계적으로 에너지절약형 산업구조로의 전환 및 신재생에너지 개발 등의 온실가스 감축을 위한 노력이 활발하게 진행되고 있으며, 우리나라 또한 온실가스 저감을 피할 수 없게 되었다. 특히 선진국(Annex I)의 구속력 있는 감축목표를 규정하고 있는 교토의정서의 의무이행에 유연성을 부가하기 위해 교토메카니즘이 채택되었다. 교토 메카니즘은 CDM(Clean Development Mechanism), JI(Joint Implementation), ET(Emission Trading)로 이루어져 있으며, 이 가운데 CDM 사업은 선진국(Annex I)과 개발도상국 non-Annex I)간 공동 협력 사업으로 non-Annex I 국가인 우리나라가 참여할 수 있기 때문에 국내 기업 및 정부의 관심이 높아지고 있다. 이러한 CDM 사업을 수행하기 위해서는 적용 가능한 CDM 사업 방법론이 필요하며, 방법론이 없을 경우 CDM 사업 방법론을 개발하여야 한다. CDM사업 방법론에는 레이스라인, 추가성, 배출 감축량, 모니터링 등에 대한 구체적인 방법이 제시되어야 하고 사업 수행자는 사업의 타당성 확인 및 검증을 위해 방법론을 정확히 이해해야 한다. 따라서 본 CDM사업 방법론 연구를 통해 CDM사업 수행 및 방법론 개발을 위한 주요 항목의 이해를 돕고 국내 CDM 사업의 활성화를 도모하고자 한다.

• Journal of Energy Engineering
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• v.20 no.3
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• pp.231-235
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• 2011

Ligneous biomass such as wood pellet is characterized as carbon neutral which has no carbon dioxide emission ; additionally, it can be used as an alternative fuel by co-firing without additional plant reformation as well as for maintaining stability of fuel supply. We can develop CDM project while co-firing by using biomass into conventional coal fired thermal power plant with AM0085 CDM methodology, and it's possible to prove additionality as fuel cost per kWh is higher than bituminous. The study shows that the electricity by biomass can reduce green house emission by $0.6737tCO_2$ per MWh.

• Journal of Convergence for Information Technology
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• v.10 no.1
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• pp.1-12
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• 2020

The Government provides a financial assistance to stimulate firm R&D and innovation activities. Previous papers on the impact of public subsidies on firm R&D investments mainly had a focus on an individual policy tool regardless of potential impacts of other policy instruments. This study addresses this gap by examining the effects of policy mix regarding a subsidy and a tax credit. The empirical analyses from fixed effect model using Survey on Technology of SMEs 2015-2017 revealed valuable points. First, policy mix induces more R&D investment of SMEs, which in turn, shows a complementary relationship between two instruments. Second, even if impact of tax credit controlled, subsidy is positively associated with SMEs R&D investment. These findings justify policy mix interventions to promote SME R&D activity. Moreover, grants can be applied as a more useful policy tool for SMEs that are constrained by resources and capabilities.

• Journal of Climate Change Research
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• v.4 no.2
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• pp.127-140
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• 2013

The present work analyzes the source and level of discount rate/benchmark for investment analysis on almost 4 thousand registered CDM, one of the Kyoto mechanisms, projects. As a result of analysis, the source and level of discount rate is changed as the passage of time and there are some countries that prefer certain sources and level. By project types, there is no difference among the sources but the level is not same. As the level of capital market development higher, there is a trend on changes in applying the source of discount rate, but the level is not different among groups. Finally there are no specific preferences on the sources on applying discount rate by DOE. And On analyzing, whether including China CDM projects or not influence the analysis results because China have registered a large number of projects.

• 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 Korea Technology Innovation Society
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• v.15 no.3
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• pp.649-674
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• 2012

The purpose of this study is to investigate the effects of public R&D subsidies on private R&D. We have analyzed rationales for the public R&D subsidy from different perspectives. On the basis of literature review, a two step research model is constructed: participation phase (when firms benefit from public subsidies) and decision phase (when firms make decision on additional R&D investments). Using propensity score matching(PSM) method, we compare the potential outcome of the treated group to a matched controlled group of non-subsidized firms. The data used in this paper was collected from various sources. The Korean Innovation Survey 2008(manufacturing sector) is a main source of data. Financial data such as revenue, asset and capital stock, and number of employees were supplemented from the Nice Information Service KIS Value database. The R&D survey, conducted by MEST(Ministry of Education, Science and Technology) each year, was also used for the R&D expenditures of the manufacturing firms. This study comes up with the following empirical results. First, a firm's innovation capability, financial constraints, and sector appear to influence the selection of firms who were benefited from government's financial supports for R&D. Second, empirical results show that public R&D funding complements private investment on average and appear to have perpetual effects on the following year. Finally, sectoral difference in the effect of public subsidies on firms' R&D investment was confirmed. In addition, SMEs show more positive effects than large firms.

• Journal of Environmental Policy
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• v.8 no.1
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• pp.1-30
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• 2009

Emission trading schemes, exemplified by the EU Emission Trading Scheme, have been playing active roles in mitigating greenhouse gas emissions since the Kyoto Protocol employed an emission trading as one of the cost-effective mechanisms. The objective of this study is to investigate potential integration of forestry offsets in designing an emission trading scheme in South Korea. First, the study found feasible scopes in which forestry sectors can take part by analyzing five emission trading schemes: EU Emission Trading Scheme, Chicago Climate Exchange, New South Wales Greenhouse Gas Abatement Scheme, New Zealand Emission Trading Scheme, and Regional Greenhouse Gas Initiative. The rationale of including forestry offsets in a domestic emission trading scheme was derived from the fact that forestry offset credits can provide cost-effective ways for market participants to commit their emission targets and expand abatement activities through reducing greenhouse gases in other geographical locations as well as other industrial sectors. Even though forestry offset credits have risks induced by their technical complexities in terms of accounting, additionality, and leakage, the integration of forestry offset credits into an emission trading scheme would be able to provide positive opportunities both to forestry sectors and other industrial sectors. In addition, there are technical questions which need to be answered in order to maintain these opportunities.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.31 no.2D
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• pp.175-184
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• 2011

Transport sector takes charge of about 20 percent of energy consumption and GHG(Green House Gas) emission in Korea. One of the efficient strategy of reducing GHG is introducing CDM(Clean Development Mechanism), which is one of GHG reduction systems in Kyoto Protocol. Nowadays many tries have done to regist transport policies as CDM in transport sector, however, a lot of things should be investigated to regist CDM in advance. The aim of this paper is assessment of CDM possibility in transport sector. First of all, we review steps and criteria to CDM registration, and select 4 CDM possibility assessment index in transport sector: as follows additionality, methodology, emission calculation, and monitoring. Also, we analyze registed projects and methodologies in transport sector. To assess CDM possibility in transport sector, quantitative and qualitative assessments are carried out in this study. 18 transport policies are categorized as 4 groups and possibility of 18 transport policies are examined. Several policies can reduce GHG, however, they are not fit to regist as a CDM. On the contrary many transport policies have possibility to regist. In addition, we have done questionnaire survey, 'fuel change' policies have high possibility to CDM. However transport policies related to haman activity, like as TOD, have lower possibility. As a result, we can find that enough CDM possibility assessment should be carried out before CDM registration in transport sector.

• Journal of Korea Technology Innovation Society
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• v.22 no.3
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• pp.382-415
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• 2019

This study analyzes the impact of exclusive subcontracting on the input, behavior, and output of innovation in manufacturing industries of Korea. Based on the analysis of pooled cross-sectional data of 6,029 small venture firms, this study proved that the exclusive subcontracting between small venture firms and large enterprises are lowering R&D investment of small venture firms. Second, the innovation activities of small venture firms including the ratio of R&D personnel and the scope of cooperation and partnership with external organizations were lower than those of small venture firms that have non-exclusive or no relations with large enterprises. Third, the innovation performance of small venture firms such as the number of patent applications, the ratio of sales by new products, and the cumulative sales growth rate was lower than those of small venture firms that have non-exclusive or no relations with large enterprises. This study verifies that the exclusive subcontracting relationships significantly weaken the innovation process and performance of small venture firms systematically, resulting in a kind of market failure in which small venture firms have almost no incentive to facilitate innovation.