• Title/Summary/Keyword: Carbon Emission Cost

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Environmental Performance, Carbon Emission Disclosure, and Carbon Emission Intensity on Cost of Equity Capital: An Empirical Study in Indonesia

  • MARSELITA, Octa;Lindrianasari, Lindrianasari;ALVIA, Liza;EVANA, Einde
    • The Journal of Industrial Distribution & Business
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    • v.12 no.11
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    • pp.9-16
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    • 2021
  • Purpose: Carbon emissions have now become a major concern around the world, especially for the government and private sector. Unfortunately, in Indonesia, disclosure related to company carbon emissions is still done voluntarily. This research aims to provide empirical evidence on the effect of environmental performance, carbon emission disclosure, and carbon emission intensity on the cost of equity capital. Research design, data, and methodology: This research uses secondary data with a sample consisting of Indonesia companies that are sensitive to the environment and listed on the Indonesia Stock Exchange in 2017-2019. The analytical tool used in this research was multiple regression models. Result: The study found a carbon emission disclosure had a significant positive effect on the cost of equity capital. Carbon emission intensity and company size had a significant negative effect on the cost of equity capital. Meanwhile, environmental performance did not have a significant effect on the cost of equity capital. Conclusion: Therefore, the results of this research are expected to provide feedback to the company's stakeholders that environmental performance and carbon emissions are some of the points seen by investors in making investment decisions.

Carbon Emission Analysis Considering Demand Response Effect in TOU Program (TOU 프로그램의 DR 효과를 고려한 탄소 배출 분석)

  • Kim, Young-Hyun;Kwag, Hyung-Geun;Kim, Jin-O
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.60 no.6
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    • pp.1091-1096
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    • 2011
  • Currently, the concern about the environment is the issue all over the world, and in particular, carbon emissions of the power plants will not be able to disregard from the respect of generation cost. This paper proposes DR (demand response) as a method of reducing carbon emissions and therefore, carbon emissions cost. There are a number of studies considering DR, and in this paper, the effect of DR is focused on the side of carbon emission reduction effect considering Time-Of-Use (TOU) program, which is one of the most important economic methods in DSM. Demand-price elasticity matrix is used in this paper to model and analyze DR effect. Carbon emissions is calculated by using the carbon emission coefficient provided by IPCC (Intergovernmental Panel on Climate Change), and generator's input-output characteristic coefficients are also used to estimate carbon emission cost as well as the amount of carbon emissions. Case study is conducted on the RBTS IEEE with six buses. For the TOU program, it is assumed that parameters of time period partition consist of three time periods (peak, flat, off-peak time period).

Design of a Logistics Decision Support System for Transportation Mode Selection considering Carbon Emission Cost (탄소배출비용을 고려한 물류의 최적 운송수단 의사결정 시스템 설계)

  • Song, Byung-Jun;Koo, Je-Kwon;Song, Sang-Hwa;Lee, Jong-Yun
    • The KIPS Transactions:PartD
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    • v.18D no.5
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    • pp.371-384
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    • 2011
  • This paper considers logistics decision support system which deals with transportation mode selection considering transportation and carbon emission cost. Transportation and carbon emission costs vary with the choice of transportation modes and to become competitive companies need to find proper transportation modes for their logistics services. However, due to the restricted capacity of transportation modes, it is difficult to balance transportation and carbon emission costs when designing logistics network including transportation mode choice for each service. Therefore this paper aims to analyze the trade-off relationship between transportation and carbon emission cost in mode selection of intermodal transportation and to provide optimal green logistics strategy. In this paper, the logistics decision support system is designed based on mixed integer programming model. To understand the trade-off relationship of transportation and carbon emission cost, the system is tested with various scenarios including transportation of containers between Seoul and Busan. The analysis results show that, even though sea transportation combined with trucking is competitive in carbon emission per unit distance travelled, the total cost of carbon emission and transportation for the sea transportation may not have competitive advantage over other transportation modes including rail and truck transportation modes. The sea-based intermodal logistics service may induce detours which have negative impacts on the overall carbon emission. The proposed logistics decision support system is expected to play key role in green logistics and supply chain management.

Green-house GAS Reduction Through the Environmental Policy Mixes Both Environmental Trading and Carbon Taxes (온실가스 감축을 위한 배출권거래제와 탄소세의 정책혼합 효과 분석)

  • Lim, Jae-Ku;Kim, Jeong-In
    • Environmental and Resource Economics Review
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    • v.12 no.2
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    • pp.245-274
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    • 2003
  • This paper analyzes the economic and environmental impacts of domestic policy to reduce greenhouse gas emissions by focusing on carbon tax, domestic emissions trading and the mixture of these policies. By utilizing a dynamic CGE model, KORTEM, this study shows that the economic cost under carbon tax is projected to be higher than that under emission trading. It is because under carbon tax scheme each emitter in economy must meet its emission target regardless of the abatement cost. On the other hand, emission trading allows emitters to reduce the marginal cost of abatement through trading of emission permits. In designing policy portfolio to address the climate change problem in Korea, therefore, this paper proposes the introduction of domestic emission trading scheme as the main domestic policy Instrument.

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A Study on the Application of District Heating System using Sewage Source (하수열원을 이용한 지역난방 적용성 검토)

  • Kim, Sang-Hun;Kim, Dong-Jin;Choi, Dong-Kyoo
    • Proceedings of the SAREK Conference
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    • 2009.06a
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    • pp.928-933
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    • 2009
  • The purpose of this study is to examine the energy consumption, carbon dioxide emission & energy cost of district heating using sewage source. The annual TOE of heat pump using sewage source save 37.1 percent than city gas boiler. And annual carbon dioxide emission of heat pump cut down 41.3 percent than city gas boiler. If it charges the rate schedule for district heating to apartment resident, collected amount are 3,127,170 thousand won. As energy cost of heat pump & circulation pump are 1,378,072 thousand won. the profits are 1,749,098 thousand won. As payback period is 8.97years, applicability is low level. However, it has advantages in energy consumption, carbon dioxide emission & energy cost. Therefore, it needs to proceed through government assistance.

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The Analysis of Carbon Emission Costs under Milk Run Logistics Strategy (순회배송 물류전략에서 탄소배출 비용의 효과 분석)

  • Min, Daiki
    • Journal of the Korean Operations Research and Management Science Society
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    • v.40 no.1
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    • pp.21-33
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    • 2015
  • This paper develops an analytic model for minimizing the cost of distributing items by truck from one supplier to many customers under Milk run logistics strategy. The model derives formulas for not only inventory and transportation costs but also costs associated with carbon emission trading scheme. In addition, monetary investment for reducing carbon emissions is considered. We analyze how to determine optimal shipment size and carbon emission reduction investment. The purpose of this work is to evaluate the effects of carbon emission trading scheme on the Milk run logistics strategy in terms of how much to reduce carbon emissions and/or inventory and transportation costs. We analytically show that it is possible to reduce carbon emissions while reducing inventory and transportation costs by introducing cap-and-trade carbon emission trading scheme under certain conditions.

Carbon Reduction Investments under Direct Shipment Strategy

  • Min, Daiki
    • Management Science and Financial Engineering
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    • v.21 no.1
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    • pp.25-29
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    • 2015
  • Recently much research efforts have focused on how to manage carbon emissions in logistics operations. This paper formulates a model to determine an optimal shipment size with aims to minimize the total cost consisting not only of inventory and transportation costs but also cost for carbon emissions. Unlike the literature assuming carbon emission factors as a given condition, we consider the emission factors as decision variables. It is allowed to make an investment in improving carbon emission factors. The optimal investment decision is shown to be of a threshold type with respect to unit investment costs. Moreover, the findings in this work provide insights on the various elements of the investment decision and their impacts.

Scenario Analysis of Low-Carbon Generation Mix Considering Social Costs (사회적 비용을 고려한 저탄소 전원구성의 시나리오 분석)

  • Park, Jong-Bae;Cho, Young-Tak;Roh, Jae Hyung
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.67 no.2
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    • pp.173-178
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    • 2018
  • This study organizes scenarios on the power supply and demand plans considering the uncertainties and the portion of distributed energy resources. In analysing the scenarios, it estimates total electricity supply cost in the social aspect, natural gas demand and air pollutants emission including carbon dioxide. Also the analysis is performed to estimate the marginal cost of carbon dioxide reduction for the fuel switching from coal to liquified natural gas. In result, the social cost could be decreased by replacing some portion of renewable energy by LNG-based combined heat and power and delaying the construction of large base-load generators such as coal and nuclear plants. The marginal carbon dioxide reduction cost by fuel switching is in plausible range for fuel switching to be an option for carbon dioxide emission reduction when the social cost is considered.

Formulation of Carbon Nanotube Paste and Its Optimization for Field Emission Display Applications

  • Kim, Yong-C.;Sohn, K.H.;Cho, Y.M.;Yoo, Eun-H.;Lee, Dong-Gu
    • 한국정보디스플레이학회:학술대회논문집
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    • 2004.08a
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    • pp.696-699
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    • 2004
  • Of the emissive display technologies, field emission displays using pasted carbon nanotubes offer several advantages over other competing cathode materials such as low driving voltage, possible large-area and low-cost processes. In this study, formulation of carbon nanotube paste and its electron field emission properties are characterized. Also the effects of additive powders and surface morphology on electron emission are reported.

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Generation Mix Analysis based on the Screening Curve and WASP-IV Techniques (탐색곡선법과 WASP-IV 모형을 이용한 국내 적정 전원구성 분석)

  • Jang, Se-Hwan;Park, Jong-Bae;Roh, Jae-Hyung
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.61 no.4
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    • pp.534-541
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    • 2012
  • This paper tries to elicit an optimal generation mix of Korea. Two approaches, using the screening curve method and taking advantage of a generation expansion planning tool, WASP-IV, are applied in getting the mix. The data used in this study is based on the 5th basic plan for long-term electricity supply and demand. The Load Duration Curve, that is needed for applying Screening Curve Method(SCM), is made based on the load profile in 2010. In our using SCM, the nuclear plant's operation characteristic, carbon emission cost and spinning reserve are considered. In using WASP-IV to get the adequate generation mix, the base and target demand forecasts in the 5th basic plan are used and the carbon emission cost is also considered. In this paper, It introduces the domestic adequacy generation mix in 2024 though SCM and WASP-IV.