• Korean Journal of Construction Engineering and Management
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• v.14 no.3
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• pp.123-133
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• 2013

Green infrastructure projects have the potential to reduce global warming and deliver sustainable energy solutions. Recently, the construction industry has been expanding their portfolios in New and Renewable (NRE) projects. However, the economic feasibility of NRE projects have not been validated and construction companies are not acquainted with their associated risks. This research performed a two-tiered feasibility study of the domestic projects registered for CDM in the UNFCCC. The first phase involved calculating the average IRR and NPV of the domestic CDM projects, which showed that their profitability to be very low. In the second phase, four NRE projects (Solar, Wind, Hydro, Landfill Gas) were selected and additional income generated from Feed-in-Tariff and CER sales were added to determine the improvements in the projects' IRR and NPV. Results indicate that Solar and Landfill Gas projects benefited the most from the two support mechanisms, while benefits to Wind and Hydro projects were minimal. While the Landfill Gas project had the highest IRR, the Wind project was the most investment attractive due to its NPV and minimal dependency on FiT and CER sales. Construction companies should enter into NRE projects with a long term view as related technologies mature.

• Journal of the Korea Organic Resources Recycling Association
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• v.30 no.4
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• pp.131-139
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• 2022

The aim of this study was to assess the feasibility of a landfill project to reduce greenhouse gas (GHG) from La Chureca Landfill in Managua, Nicaragua ("Project"). The feasibility study involved surveying the status and composition of waste on its way in to the landfill and projecting GHG emissions from the landfill. A projection of the GHG emissions with the IPCC model based on the survey results indicated the period 2006 to 2043 would see mean yearly GHG emissions of 290,147 ton-CO₂/year with model certainty not considered, and 217,610 ton-CO₂/year with model certainty considered. Thus, the result exceeded the corresponding median and mean values of other CDM projects implemented in Central America, even after model uncertainty was considered together with the conservative estimation of carbon capture efficiency. The similar result was produced even with an analysis of sensitivity to error factors. All the findings of the study are expected to be applicable as basic data for deciding about whether & how to proceed with the Project.

• Journal of Korean Society of Water and Wastewater
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• v.24 no.3
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• pp.319-332
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• 2010

In general, wastewater treatment systems consume high-energy consumption depending on operation characteristics of the facilities. Therefore, greenhouse gas(GHG) reduction activities that are application of digestion gas, induction of renewable energy etc. are conducted to reduce energy consumption and to increase energy independence ratio. In this study, GHG reduction in wastewater treatment system identified, searched application of Clean Development mechanism(CDM) approved methodology. If the methodologies apply to GHG reduction activities such as application of digestion gas, heat pump system using the wastewater as heat source, hydropower using the methodology determined CDM applicability, otherwise through several assumptions calculated expectable GHG reduction emissions and determined CDM applicability. As a result, the order of calculated GHG reduction emission showed that collected and energy generation of digestion gas is 66,775 $tCO_2$/yr, gas engine cogeneration system is 8,182 $tCO_2$/yr, heat pump system using the wastewater as a heat source is 72,715 $tCO_2$/yr, and hydropower is 561 $tCO_2$/yr. Consequently, the order of calculated Certified Emission Reductions(CERs) benefit showed that heat pump system using the wastewater, as a heat source is 1,381 million won/yr was estimated as the highest, followed by a collected and energy generation of digestion gas is 1,268 million won/yr.

• Journal of Industrial Convergence
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• v.22 no.6
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• pp.13-23
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• 2024

In this study, the optimal level of CER issuance price in the energy industry was estimated using a real options considering the uncertainty of emission price. As a result of the analysis, the break-even point for CDM projects in the energy industry registered by UNFCCC from December 2012 to the end of 2021 was 0.64-36.69 euros per ton of CO2 for each individual project. More closely, the emission permit price that reaches the break-even point when NPVw/o CER+ NPVCER ≥ 0 is estimated to be 12.10 euros on average, and the emission permit price that reaches the break-even point when NPVw/o CER + NPVCER ≥ option value is estimated to be 12.63 euros on average. Meanwhile, the option value using real options to reduce business uncertainty is about 19% at the 1-5 euro per ton level, about 11% at the 5-10 euro per ton level, and about 5% at the 10-15 euro per ton level. It was analyzed that there was an effect of increasing emissions prices due to uncertainty reduction. The results of this study may be useful to greenhouse gas reduction project entities, including investors, project operators, and companies with potential mandatory reductions.

• Korean Journal of Remote Sensing
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• v.28 no.5
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• pp.587-596
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• 2012

Verifying about eligibility of targeted site is necessary for execute Afforestation and Reforestation Clean Development Mechanism (A/R CDM) project which is followed by system of Kyoto protocol. The site have to be identified by which could not be in conformity with definition of forest. This study tried to propose a technology of classify for site selection of A/R CDM. We chose several parts of Yangpyeng as study area and applied LiDAR data and remotely sensed imagery for considering about tree height, degree of crown closure, and land area which 3 factors for identify forest. LiDAR data was used for offset the shortage of remotely sensed imagery that cannot perfectly determine the forest definition due to absence of 3-dimentional information, but can be obtained from LiDAR. Considering tree height, degree of crown closure, and land area simultaneously by moving window, classified fields to forest and non forest based on pixel size. As a result, 124.06 ha for suitable to doing plantation and approximately 357.02 ha are in negative. Technology that applied for analyzing will provide fundamental methodology not only site selection for A/R CDM, but will be utilized in other Kyoto protocol.

• 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 Korean Society of Forest Science
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• v.102 no.2
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• pp.216-222
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• 2013

For reducing greenhouse gases, many countries carried out a series of activities not only at home but abroad. Particularly, after the release of the Kyoto Protocol, either nation or companies' participation was intensified, due to endow to responsibility of emission limits. This study focused on reforestation CDM work in Goseong Gun based on clean development system. Obstacle factors of land eligibility could be distinguished to three periods: before December 31th 1989, present and future. The obstacle before December 31th 1989 was that land cover of study area hardly illustrated by Landsat image, due to the low resolution, which were confirmed by a document of Grassland Composition Permission instead. The problem of current land eligibility is that the area of trees presence are difficult to be determined as forest or not. The boundary of forest in strata was identified, using 3-Dimensional Cartography Machine and aerial photograph. Land eligibility would still have obstacle whether the study area with trees presence has potentiality to be forest in the future at situation in absence of reforestation project. This was resolved by prediction of tree growth using stem analysis during execution of the project at study area.

• 한국신재생에너지학회:학술대회논문집
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• 2008.05a
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• pp.124-124
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• 2008

• Proceedings of the Korea Air Pollution Research Association Conference
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• 2007.10a
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• pp.170-174
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• 2007

• International Commerce and Information Review
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• v.7 no.4
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• pp.157-177
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• 2005

In many countries, a Single Window system for simplifications is establishing in order to reduce works submitted double data and compliance costs. A Single Window is defined as a facility that allows parties involved in trade and transport to lodge standardized information and documents with a single entry point to fulfil all import, export, and transit-related regulatory requirements. A Single window can bring improved level of security, faster clearance and reduced compliance costs. UN/CEFACT released "Recommendation and Guidelines on establishing a Single Window to enhance the efficient exchange of information between trade and government". Also, WCO has made progress several projects to assist effective establishing a single window, i.e. CDM, UCR, ICT. Korea has being established a single window system, "e-trade platform" connected with trade, clearance, logistics, marketing and payment system. Some suggestions to establish a effective single window system in Korea are as follows. Firstly, it is necessary to clearly define roles and responsibilities of a lead agency in a single window system and form a organic relationship with PGA. Secondly, a single window system has to be progressed by stages, namely, customs clearance portal system should be established first, and later established e-trade platform. Lastly, the Korean government has to take part in CDM project to gain an advantage over other countries.