• Journal of Korea Trade
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• v.26 no.2
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• pp.45-64
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• 2022

Purpose - This paper examines South Korea's potential status as a carbon leakage country, and the level of risk posed by the Korean emissions trading scheme (ETS) for Korean industries. The economic effects of border carbon adjustments (BCAs) to protect energy-intensive Korean industries in the process of achieving the carbon reduction target by 2030 through the Korean ETS are also analyzed. Design/methodology - First, using the Korean Input-Output (IO) table, this paper calculates the balance of emissions embodied in trade (BEET) and the pollution terms of trade (PTT) to determine Korean industries' carbon leakage status. Analyses of the risk level posed by carbon reduction policy implementation in international trade are conducted for some sectors by applying the EU criteria. Second, using a computable general equilibrium (CGE) model, three BCA scenarios, exemption regulations (EXE), reimbursement (REB), and tariff reduction (TAR) to protect the energy-intensive industries under the Korean ETS are addressed. Compared to the baseline scenario of achieving carbon reduction targets by 2030, the effects of BCAs on welfare, carbon leakage, outputs, and trading are analyzed. Findings - As Korea's industrial structure has been transitioning from a carbon importing to a carbon leaking country. The results indicate that some industrial sectors could face the risk of losing international competitiveness due to the Korean ETS. South Korea's industries are basically exposed to risk of carbon leakage because most industries have a trade intensity higher than 30%. This could be interpreted as disproving vulnerability to carbon leakage. Although the petroleum and coal sector is not in carbon leakage, according to BEET and PTT, the Korean ETS exposes this sector to a high risk of carbon leakage. Non-metallic minerals and iron and steel sectors are also exposed to a high risk of carbon leakage due to the increased burden of carbon reduction costs embodied in the Korean ETS, despite relatively low levels of trade intensity. BCAs are demonstrated to have an influential role in protecting energy-intensive industries while achieving the carbon reduction target by 2030. The EXE scenario has the greatest impact on mitigation of welfare losses and carbon leakage, and the TAF scenario causes a disturbance in the international trade market because of the pricing adjustment system. In reality, the EXE scenario, which implies completely exempting energy-intensive industries, could be difficult to implement due to various practical constraints, such as equity and reduction targets and other industries; therefore, the REB scenario presents the most realistic approach and appears to have an effect that could compensate for the burden of economic activities and emissions regulations in these industries. Originality/value - This paper confirms the vulnerability of the Korean industrial the risk of carbon leakage, demonstrating that some industrial sectors could be exposed to losing international competitiveness by implementing carbon reduction policies such as the Korean ETS. The contribution of this paper is the identification of proposed approaches to protect Korean industries in the process of achieving the 2030 reduction target by analyzing the effects of BCA scenarios using a CGE model.

• Journal of Korean Society of Forest Science
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• v.96 no.6
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• pp.644-651
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• 2007

This study compared and estimated the changes in carbon stocks and emissions of harvested wood products (HWP) by applying FAO statistics and domestic statistics for Korean HWP production, import, and export volume, which is almost always supposed to be included in the carbon emissions and removals inventory by country in negotiations since the 2nd commitment period (2013~2017) of the Kyoto Protocol, for assessing the changes in carbon stocks and emissions of HWP. As a result, when applying FAO statistics to the changes in carbon stocks of HWP as of 2005, stock-change approach (SCA) was estimated at 1.434 Tg C, atmospheric-flow approach (AFA) -1.330 Tg C, and production approach (PA) 0.597 Tg C. When applying Korean statistics, SCA was estimated at 1.246 Tg C, AFA -11.520 Tg C, and PA 0.444 Tg C. When applying FAO statistics to $CO_2$ emissions and removals from HWP, SCA showed a decrease of $-5,258Gg\;CO_2$ (removals), AFA showed an increase of $4,877Gg\;CO_2$ (emissions), and PA showed a decrease of $-2,189Gg\;CO_2$ (removals). When applying Korean statistics, SCA showed a decrease of $-4,569Gg\;CO_2$ (removals), AFA showed an increase of $5,573Gg\;CO_2$ (emissions), and PA showed a decrease of $-1,628Gg\;CO_2$, (removals). Therefore, the application of FAO statistics was shown to be more beneficial for the estimation of both the changes in carbon stocks and emissions of HWP by all methods other than that of Korean statistics.

• 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.

• Environmental Engineering Research
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• v.21 no.1
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• pp.74-83
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• 2016

The purpose of this study is to identify the driven factors affecting the changes in energy-related $CO_2$ emissions in Hebei Province of China from 1995 to 2013. This study confirmed that energy-related $CO_2$ emissions are correlated with the population, urbanization level, economic development degree, industry structure, foreign trade degree, technology level and energy proportion through an improved STIRPAT model. A reasonable and more reliable outcome of STIRPAT model can be obtained with the introducing of the Ridge Regression, which shows that population is the most important factor for $CO_2$ emissions in Hebei with the coefficient 2.4528. Rely on these discussions about affect abilities of each driven factors, we conclude several proposals to arrive targets for reductions in Hebei's energy-related $CO_2$ emissions. The method improved and relative policy advance improved pointing at empirical results also can be applied by other province to make study about driven factors of the growth of carbon emissions.

• Advances in Energy Research
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• v.6 no.1
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• pp.1-15
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• 2019

The objective of the study is to examine the relationship between water resources, energy demand, food production, and environmental pollutants in selected SAARC nations, namely, Bangladesh, India, Pakistan, and Sri Lanka, during the period of 1990-2016. The results show that water, energy, and food (WEF) resources substantially affected air quality in the form of high mass carbon emissions, fossil fuel energy demand, methane discharges, nitrous oxide emissions, and greenhouse gas emissions in these countries. Food production and food deficit largely increase $CO_2$ emissions due to unsustainable production and malnutrition, while land use under cereal production increases $CH_4$ and $N_2O$ emissions. Electricity production escalates $CO_2$ emissions and fossil emissions across countries. The results support the carbon EKC hypothesis, while monotonic increasing function exists in case of fossil fuel energy. The study emphasizes the need to ensure environmental sustainability agenda by adopting cleaner production technologies in WEF resources.

• Environmental and Resource Economics Review
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• v.9 no.5
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• pp.925-945
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• 2000

This paper analyses the impact of energy-saving investment on Greenhouse gas emissions using a model of energy demand in Korea. SUR method was employed to estimate the demand equation. The econometric estimates provide information about the energy price divisia index, sector income, and energy saving-investment elasticities of energy demand. Except for energy price divisia, the elasticities of each variable are statistically significant. Also, the price and substitution elasticities of each energy price are similar to the results reported by the previous studies. The energy-saving investment is statistically significant and elasticities of each sector is inelastic. Using the coefficient of energy-saving investment and carbon transmission coefficient, the amount of reduction of energy demand and the reduction of carbon emissions can be estimated. The simulation is performed with the scenario that the energy-saving investment increase by 10~50%, keeping up with Equipment Investment Plan of 30% increase in energy-saving investment by 2000. The results show that the reduction of energy demand measured as 11.2% based upon 1995's level of the energy demand, in industrial sector. Accordingly, the carbon emissions will be reduced by 11.3% based upon 1995's level of the carbon emissions in industrial sector.

• Journal of Animal Science and Technology
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• v.65 no.2
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• pp.427-440
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• 2023

The current study evaluated carbon dioxide (CO₂) emissions from beef and pork production and distribution chains in the South Korean meat industry. Data from industrial example farms and slaughterhouses were assessed on the basis of both the guidelines from the United Kingdom's Publicly Available Specification (PAS) 2050:2011 and the Korea Environmental Industry & Technology Institute carbon footprint calculation. The main factors for our estimations were animal feeds, manure waste, transportation, energy and water, refrigerants, and package data. Our analyses show that 16.55 kg CO₂ equivalent (eq) was emitted during the production of 1 kg of live cattle. When retail yields and packing processes were considered, the CO₂-eq of 1 kg of packaged Hanwoo beef was 27.86 kg. As for pigs, emissions from 1 kg of live pigs and packaged pork meat were 2.62 and 12.75 kg CO₂-eq, respectively. While we gathered data from only two farms and slaughterhouses and our findings can therefore not be extrapolated to all meats produced in the South Korean meat industry, they indicate that manure waste is the greatest factor affecting ultimate CO₂ emissions of packaged meats.

• Convergence Security Journal
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• v.14 no.4
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• pp.101-108
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• 2014

Recently, The cloud computing technology is emerging as an important issue in the world and the cloud computing has attracted much attention to the technology about carbon dioxide reduction. However, Unlike to the positive aspects of a cloud computing are included several security vulnerabilities. For this reason, the carbon dioxide reduction of a cloud computing technology has a differences. Therefore, this paper will be analyzed to the carbon dioxide emission factors of a cloud computing through the cloud case studies related $CO_2$ emissions and experiments measured of $CO_2$ emissions a security system. and In the future, this is expected to be utilized as a basis for the security design and performance improvement.

• Journal of the Korean Society for Aviation and Aeronautics
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• v.21 no.2
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• pp.62-69
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• 2013

The introduction of aviation into the EU-ETS has faced significant opposition from many ICAO member States. Accordingly a global solution through ICAO is in progress. This paper traces the progress of works done by the HGCC in the area of global aviation aspiration goals aiming for the submission to the 38th Session of the ICAO Assembly. Furthermore, devices for calculating the carbon dioxide emissions from flights have been developed by several agencies including international organizations, governments, airlines and nongovernmental organizations. These carbon calculators, however, introduce too many assumptions to simplify the calculation process. This study assesses carbon calculators for aviation emissions and suggests a modified calculation methodology using the pre-existing computer reservation system for better accuracy.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2022.04a
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• pp.47-48
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• 2022

In Korea, construction and development has been continued rapidly since the 1970s, and the reconstruction and renovation market has recently been activated to improve old buildings. Most of the environmental evaluation of reconstruction and renovation projects is focused on the use of operating energy, and It is necessary to analyze carbon emissions throughout the life cycle for a comprehensive evaluation of reconstruction and remodeling projects. Therefore, this study quantitatively predicted carbon emissions from reconstruction and renovation based on ISO 14040s through case analysis for the purpose of evaluating the carbon emissions of renovated buildings from the perspective of the whole life cycle. In additional, the amount of carbon savings of each was analyzed through comparison with existing building.