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

• Journal of Korean Society of Forest Science
• /
• v.96 no.3
• /
• pp.235-244
• /
• 2007

Potentials of AR CDM project in North Korea are assessed and feasible land area for AR CDM project is estimated. According to our estimation, There could be 515,000 hectares of forest lands deforested before 1990 in North Korea and 8,854 hectares at the regional level of Gae-sung City, which are eligible for AR CDM project, based on researches of satellite image analyses conducted from 1980's to 1990's. A baseline scenario assumed 44.73 tones of carbon stored in soil per hectare with no vegetation above ground remained during the project period following the default value of IPCC's Good Practice Guidance for LULUCF considering soil structure, climate and land use of the project area. The scenario also assumes that black rocust (Robinia pseudoacacia) is planted and the CDM project is implemented for 20 years. The costs for producing greenhouse gases CER (certified emission reduction) credits include costs of tree planting and forest management, and costs of project negotiation and transactions for issuing the credits. It is estimated that 376 tones of carbon dioxide per hectare can be accumulated and 503 temporary CER credits per hectare and 265 long-term CER credits per hectare could be produced during the project period. It is estimated to cost US$ 4.04 and US$ 7.67 to provide one unit of temporary credit and long-term credit, respectively. These values can be regarded as the cost of conferring emission commitment of a country or a private entity. However, it is not clear which option is better economically because the replacement periods are different in these two cases.

• Journal of Advanced Technology Convergence
• /
• v.2 no.4
• /
• pp.13-19
• /
• 2023

Following the signing of the Paris Agreement on Climate Change (UNFCCC, 2015), the world is expanding greenhouse gas reduction activities through comprehensive participation that includes not only developed countries but also developing countries. Major countries around the world are placing high expectations on the effectiveness of total carbon emissions regulation through the carbon emissions market. However, in order to obtain carbon credits, third-party verification is required based on quantitative carbon reduction data. Accordingly, in this paper, we developed an AIoT high-efficiency street light for carbon emissions and conducted a performance analysis study to measure the luminous efficiency of the lighting fixture. To obtain carbon emissions rights, we used high-efficiency LED PKG, developed our own high-voltage PFC, and developed high-efficiency lighting fixtures capable of communication. For communication, the 2.4GHz LoRa method was adopted between the lighting fixture and the gateway. Lens design was conducted through simulation of Korea Expressway Corporation's standard streetlight types A, B, and C. The performance of the streetlight was verified as being more efficient than other existing products through the measurement of luminous efficiency by an accredited rating agency, and it is expected that carbon emissions rights will be obtained by reducing electrical energy through this.

• Journal of Forest and Environmental Science
• /
• v.25 no.3
• /
• pp.157-165
• /
• 2009

Forests potentially contribute to global climate change through their influence on the global carbon (C) cycle. The Kyoto Protocol provides for the involvement of developing countries in an atmospheric greenhouse gas reduction regime under its Clean Development Mechanism (CDM). Carbon credits are gained from reforestation and afforestation activities in developing countries. Bangladesh, a densely populated tropical country in South Asia, has a huge degraded forestland, which can be reforested by CDM projects. To realize the potential of the forestry sector in developing countries like Bangladesh for full-scale emission mitigation, the carbon sequestration potential should be integrated with the carbon trading system under the CDM of the Kyoto Protocol. This paper discusses the prospects of carbon trading in Bangladesh, in relation to the CDM, in the context of global warming.

• Environmental and Resource Economics Review
• /
• v.21 no.4
• /
• pp.809-850
• /
• 2012

A linkage of emissions trading schemes among Korea, China and Japan demonstrates overall increase in gross domestic product (GDP). However, it also demonstrates reductions in household consumption, and the impact of integration could be very unbalanced between the countries. In particular, the reductions in domestic marginal costs are high in both Korea and Japan. Therefore, household consumptions in the two countries decrease despite increases in GDP because Korea and Japan will be purchasers of emissions rights. China, on the other hand, will experience the opposite. The unbalanced impacts on real household consumptions are intensified when emission credits are allocated via paid auctions instead of free allocation. This was demonstrated to be the case because the circumstances of three countries are intensified when using a paid emissions credit allocation scheme, and their differences could potentially hinder the cooperation between the three countries. Under the free allocation scheme, the emission trading schemes' unbalanced impacts on consumption could be mitigated, but unavoidable negative impacts of free allocation schemes are also serious. Based on the analysis results, Korea, China, and Japan will individually face complicated impacts if their carbon markets are integrated. Although the GDP of three countries will increase as a result of carbon market integration, the benefits of integration will surely be unbalanced, and the three countries will experience negative impacts in terms of actual consumption or employment. In particular, increases in income and consumption, reductions in employment, and energy dependence by credit purchasers (Japan and Korea) and production reduction and possibility of offshoring faced by revenue producing countries (China) could serve as a barrier to carbon market integration. To maximize the positive influences of carbon market integration while reducing the risks of negative side effects, the development and application of complimentary policy tools, such as import duties or discounts for emissions credits, are required.

• Journal of Forest and Environmental Science
• /
• v.29 no.4
• /
• pp.249-256
• /
• 2013

The aim of the study was to reveal the scope and benefits derives from establishing carbon forests in a country like Bangladesh. Carbon forestry is the modernized forestry practice that evolves no cutting of trees or vegetation rather conserves them in the wood. Trees might be the source of carbon sink at large scale by establishing carbon forests. To find out how and in what extent forests of Bangladesh could contribute to global emission reduction, tree species of economic importance were taken into account about their carbon sequestration potential. Data source was a secondary one. Bangladesh has subtropical evergreen and deciduous forest tree species. Here trees can sequester almost 45-55 percent organic carbon in their biomass. On an average, trees in different types of stands can sequester 150-300 tC/ha. Carbon value of these forests might be 7,500-15,000 USD per hactre (assuming 50 USD per equivalent $tCO_2$). Thus, accounting tree carbon credits of total forested lands of Bangladesh, there might be a lump sum value of $1.89{\times}10^{10}-3.79{\times}10^{10}$ USD. If soil carbon is added, this amount would jump. Alternatively, there are two times higher spaces as marginal lands than this for starting carbon forestry. However, carbon forestry concept is still a theoretical conception unless otherwise their challenges are addressed and solved. Despite of this, forests of Bangladesh might be the key showcase for conserving biodiversity in association with carbon capture. Protected areas in Bangladesh are of government wealth, however, degraded and denuded waste and marginal lands might be the best fit for establishing carbon forests.

• Journal of Korean Society of Rural Planning
• /
• v.26 no.2
• /
• pp.61-70
• /
• 2020

The purpose of this study is to calculate the annual carbon reduction of crops according to the carbon fixation method of agricultural land, therefore to analyze whether the economic inducement of farmers to switch from single cropping to double cropping if the amount of carbon reduction were traded on the Korea Exchange. The analysis targets were Gyeonggi Province, which was divided into four areas to compare the difference between agricultural income and carbon income by crop and cropping system. Agricultural profit was estimated by multiplying the prior data of 2012 by the change rate of the consumer price index, and carbon income was calculated through the carbon reduction for each crop and the average transaction price of KAU19 traded on the Korea Exchange. According to the analysis, the profit rate of double cropping in all areas is -110.4% to 23% compared to single cropping, when only agricultural profit is taken into account, with no economic inducement for farmers to change the cropping system. However, when carbon income is taken into account together, the profit rate of double cropping rises significantly from 122.5% to 238.9% over a single operation in all areas, resulting in an economic inducement to switch the cropping system. This research is meaningful in that farming households could raise their income by additional carbon income, and that carbon credits could be supplied at Korea Exchange to further boost the carbon emission exchange.

• Journal of Korean Society of Forest Science
• /
• v.98 no.3
• /
• pp.263-271
• /
• 2009

This study aims to identify negotiation alternatives related to Post-2012 reducing emissions from deforestation (RED) and enhancement of forest carbon stock (EFCS) activities. It also aims to recommend a negotiation strategy considering environmental integrity and national interest on the basis of estimating reduction potentials of each alternative on the assumption that tradable carbon credits play an important role as positive incentives. In order to estimate greenhouse gas (GHG) reduction potentials and income potential from RED and EFCS activities, 99 countries were selected by the Global Forest Resources Assessment of the Food and Agriculture Organization of the United Nations. A 'baseline and credit' method was applied to estimate RED activities. Gross-net and net-net methods were applied for EFCS activities. According to the results, Brazil, Indonesia, and the Democratic Republic of Congo have more potential to get positive incentives through RED, while China, Chile, and the Republic of Korea have more potential to get positive incentives through EFCS. This study suggests including both RED and EFCS activities in the boundary of policy approaches and endowment of positive incentives to consider GHG reduction potentials in the global scale and equity among developing countries. Making a discount rate application of forest management activities can be also recommended to factor out the effects of human-induced activities by EFCS activities.

• Korean Chemical Engineering Research
• /
• v.60 no.4
• /
• pp.478-485
• /
• 2022

The certification performance issued through an external business is sold to companies subject to the emission trading system allocation, and the company subject to the allocation can secure the quota by converting the purchased external business certification performance into offset credits. In this methodology, when fossil fuels that used existing oil boilers (by oil type) were replaced with boilers using propane gas with a relatively low carbon content, the amount of carbon dioxide emission reduction by oil type was recognized. As an initial analysis to make up for the insufficient quota of large corporations, the amount of carbon reduction emissions and emission rights trading was calculated.

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