• Title/Summary/Keyword: Carbon Emission Reductions

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Study on the Risk Management of the CERs Investment - Regarding Registration Risks and Price Change Risk in Investing Primary CERs - (탄소배출권 투자와 위험관리방안 연구 - 일차배출권(Primary CER) 투자 시 등록위험 및 가격변동 위험을 중심으로 -)

  • Lee, Chang Seok;Kim, Yun Soung;Jeon, Eui Chan
    • Journal of Climate Change Research
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    • v.2 no.2
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    • pp.115-131
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    • 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.

Predicting the success of CDM Registration for Hydropower Projects using Logistic Regression and CART (로그 회귀분석 및 CART를 활용한 수력사업의 CDM 승인여부 예측 모델에 관한 연구)

  • Park, Jong-Ho;Koo, Bonsang
    • 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.

The Study on the Global Emission Reduction Commitments and Environment Change After Climate Agreement (기후협정후의 배출감소와 환경변화이행에 관한 연구)

  • Kim, Kyung-Woo
    • Journal of the Korea Society of Computer and Information
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    • v.19 no.12
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    • pp.319-328
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    • 2014
  • Although most of the debate on global climate change policy has focused on quantity controls due to their political appeal, this paper argues that agreement commitment are more efficient. Scenarios show that to have a likely chance of limiting the increase in global mean temperature to two degrees Celsius, means lowering global greenhouse gas emissions by 40 to 70 percent compared with 2010 by mid-century, and to near-zero by the end of this century. Ambitious mitigation may even require removing carbon dioxide from the atmosphere. This paper emphasizes on global cooperation which is a key for preventing global warming and toward sustainable development, and fair emission reduction targets among countries are significant for achieving emission reductions.

The Analysis of Potential Reduction of CO2 Emission In Soil and Vegetation due to Land use Change (토지이용변화에 따른 식생 및 토양의 이산화탄소 저감잠재량 분석)

  • Lee, Dong-Kun;Park, Chan
    • Journal of the Korean Society of Environmental Restoration Technology
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    • v.12 no.2
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    • pp.95-105
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    • 2009
  • Land Use Changes (LUCs) have effects on greenhouse gas emissions and carbon stocks in soil and vegetation. Therefore, predictions for LUC are very important for achieving quantitative targets of $CO_2$ reduction rates. Some research exists on carbon fluxes and carbon cycles to estimate carbon stocks in terrestrial ecosystems in Korea. However, these researches have limitations in terms of helping us understand future potential reductions of $CO_2$ that reflect the influence of LUC. The aim of this study is to analyze the reduction levels of $CO_2$ emissions while considering LUC scenarios that effect carbon fluxes for LCS basic study in the year 2030. In this study, a common approach to model the effects of LUC on carbon stocks is the use of CA-Markov technical process with LUC patterns in the past. Potential reduction of $CO_2$ is calculated by change of land use that contains different soil organic carbon, each land use type, and biomass in vegetation. An IPCC analytical method of natural carbon sink and coefficient results from previous study in Korea is used as a calculation method for potential reduction of $CO_2$. As a result, 12,419 KtC will be reduced annually, which is 8.3% percent of 2005 $CO_2$ emissions in Korea. This will result in 3,226 hundred million won of economic efficiency. In conclusion, conservation of natural carbon sinks is necessary even if the amount of potential reduction change is little.

Analysis of Energy Savings and CO2 Emission Reductions via Application of Smart Grid System (지능형 전력망(스마트 그리드) 적용을 통한 에너지 절감 및 CO2 감축 효과 분석)

  • Park, Soo-Hwan;Han, Sang-Jun;Wee, Jung-Ho
    • Journal of Korean Society of Environmental Engineers
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    • v.39 no.6
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    • pp.356-370
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    • 2017
  • The energy savings and $CO_2$ emission reductions obtainable from the situation that the Smart Grid system (SGs) is assumed to be applied in Korea up to 2030 is quantitatively analyzed with many reported data. For calculation, SGs is divided into five sectors such as Smart Transmission and Distribution (ST&D), Smart Consumer (SC), Smart Electricity Service (SES), Smart Renewable Energy (SRE) and Smart Transportation (ST). Total annual energy savings in 2030 is estimated to be approximately 103,121 GWh and this is 13.1% of total electricity consumption outlook. Based on this value, total amount of reducible $CO_2$ emissions is calculated to 55.38 million $tCO_2$, which is 17.6% of total nation's GHG reduction target. Although the contribution of energy saving due to SGs to total electricity consumption increases as years go by, that of $CO_2$ emission reduction gradually decreases. This might be because that coal fired based power generation is planned to be sharply increased and the rate of $CO_2$ emission reduction scheduled by nation is very fast. The contributable portion of five each sector to total $CO_2$ emission reductions in 2030 is estimated to be 44.37% for SC, 29.16% for SRE, 20.12% for SES, 5.11% for ST&D, and 1.24% for ST.

A Study on the Improvement of New and Renewable Energy Certification Criteria in the Green Building Certification System (녹색건축 인증제도의 신·재생에너지 인증기준 개선에 관한 연구)

  • Lee, Mi-Ryeong;Park, Ji-Hye;Haan, Chan-Hoon;Tae, Choon-Seob
    • Journal of the Korean Solar Energy Society
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    • v.33 no.4
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    • pp.80-88
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    • 2013
  • Deploying new and renewable energy should be encouraged due to scarce of natural resources and to reduce the $CO_2$ emission. Regarding the Green Building Certification System, '2.2.1 new and renewable energy use', and '2.3.1 carbon dioxide emission reductions' are related to new and renewable energy. Applying new and renewable energy can achieve the score in two criteria mentioned above and most of buildings get a perfect score in the green building certification system. So these criteria needs to be revised to have discrimination. In this study, supply rate of new and renewable energy of the buildings that have achieved Green Building Certification by E Green Building Certification Institute was analyzed. The improvement of assessment criteria related to new and renewable energy is proposed and could be applied to the revisions.

A Study on a Efficiency of Glazing for Energy Reduction of Curtain Wall Buildings (유리성능에 따른 커튼월건물의 에너지절약효과에 대한 연구 -표준건물 에너지소비와의 비교분석을 중심으로-)

  • Lee, Yong-Jun;Jung, Kwang-Sub;Oh, Bo-Hwan;Kang, Jae-Sik;Choi, Kyoung-Suk;Lee, Deuk-Ho
    • Proceedings of the SAREK Conference
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    • 2009.06a
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    • pp.114-119
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    • 2009
  • This study has been conducted to describe the establishment of national measures to reduce world energy consumption and $CO_2$ Emission. Particularly, Reductions in energy consumption from building operation is the most important part to achieve these national objectives. Element to evaluate the quantitative effects of these systems by having rationalized regulation and operation is essential, when planning for building energy reduction design. USGBC(US Green Building Council) have operated sustainable assessment method called LEED, which introduces baseline performance and evaluation direction for building simulation techniques. This research analyzed Quantitative assessments of the building energy consumption and analyzed baseline figures to provide comparative analysis with standard building settings.

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N-Doped ZnO Nanoparticle-Carbon Nanofiber Composites for Use as Low-Cost Counter Electrode in Dye-Sensitized Solar Cells (염료감응형 태양전지의 저비용 상대전극을 위한 N-doped ZnO 나노입자-탄소나노섬유 복합체)

  • An, Ha-Rim;Ahn, Hyo-Jin
    • Korean Journal of Materials Research
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    • v.24 no.10
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    • pp.565-571
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    • 2014
  • Nitrogen-doped ZnO nanoparticle-carbon nanofiber composites were prepared using electrospinning. As the relative amounts of N-doped ZnO nanoparticles in the composites were controlled to levels of 3.4, 9.6, and 13.8 wt%, the morphological, structural, and chemical properties of the composites were characterized by means of field-emission scanning electron microscopy (FESEM), transmission electron microscopy (TEM), X-ray diffraction (XRD), and X-ray photoelectron spectroscopy (XPS). In particular, the carbon nanofiber composites containing 13.8 wt% N-doped ZnO nanoparticles exhibited superior catalytic properties, making them suitable for use as counter electrodes in dye-sensitized solar cells (DSSCs). This result can be attributed to the enhanced surface roughness of the composites, which offers sites for $I_3{^-}$ ion reductions and the formation of Zn3N2 phases that facilitate electron transfer. Therefore, DSSCs fabricated with 13.8 wt% N-doped ZnO nanoparticle-carbon nanofiber composites showed high current density ($16.3mA/cm^2$), high fill factor (57.8%), and excellent power-conversion efficiency (6.69%); at the same time, these DSSCs displayed power-conversion efficiency almost identical to that of DSSCs fabricated with a pure Pt counter electrode (6.57%).

Measuring the Greenhouse Gas Emission Reduction and Management System Using Bluetooth Sensor Node (블루투스 센서노드를 이용한 온실가스 배출 저감 측정 및 관리시스템)

  • Lee, Seung-Jin;Jin, Kyo-Hong
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.17 no.5
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    • pp.1095-1100
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    • 2013
  • Carbon dioxide is a major cause for which accelerates Global Warming. Therefore several countries are working on the project recommended to use a bicycle instead of the car when you move to the nearby destination in an effort to reduce the emissions of carbon dioxide. In this paper, It was developed to measure the greenhouse gas reduction using Bluetooth Sensor Node by riding a bicycle instead of a car and management system in order to authenticate the riding record. The developed application provides various information such as individual bicycle mileage, greenhouse gas reductions, bicycle riding path, the number of planted ginkgo trees. This proposed system is expected to be helpful to green house gas emission reduction because the usage rate of bicycle will increase if government combine ways to offer people rewards such as pin money or tax breaks for people who take advantage of the bicycle with the project.

Analysis of Economic Feasibility and Reductions of Carbon Dioxide Emission of Geothermal Heating and Cooling System using Groundwater (지하수를 이용한 지열 냉난방시스템의 경제성 및 이산화탄소 저감량 분석)

  • Kim, Jin-Sung;Song, Sung-Ho;Jeong, Gyo-Cheol;Cha, Jang-Hwan
    • The Journal of Engineering Geology
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    • v.25 no.4
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    • pp.599-612
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    • 2015
  • The development of renewable energy technologies that can replace fossil fuels is environmentally important; however, such technologies must be economically feasible. Economic analyses are important for assessing new projects such as geothermal heating-cooling systems, given their large initial costs. This study analyzed the economics and carbon dioxide emissions of: a SCW (standing column well), a vertical closed loop boiler, a gas boiler, and an oil boiler. Life cycle cost analysis showed that the SCW geothermal heating-cooling system had the highest economic feasibility, as it had the highest cost saving and also the lowest carbon dioxide emissions. Overall, it appears that geothermal systems can save money when applied to large-scale controlled agriculture complexes and reclaimed land.