• Title/Summary/Keyword: Carbon Market

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Nanotechnology in elastomers- Myth or reality

  • Shanmugharaj, A.M.;Ryu, Sung-Hun
    • Rubber Technology
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    • v.12 no.1
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    • pp.1-7
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    • 2011
  • Nanotechnology is the fast becoming key technology of the $21^{st}$ century. Due to its fascinating size-dependent properties, it has gained significant important in various sectors. Myths are being formed on the proverbal nanotechnology market, but the reality is the nanotechnology is not a market but a value chain. The chain comprises of - nanomaterials (nanoparticles) and nanointermediates (coatings, compounds, smart fabrics). Elastomer based nanocomposites reinforced with low volume fraction of nanofillers is the first generation nanotechnology products and it has attracted great interest due to their fascinating properties. The incorporation of nanofillers such as nanolayered silicates, carbon nanotubes, nanofibers, metal oxides or silica nanoparticles into elastomers improves significantly their mechanical, thermal, barrier properties, flame retardency etc., Extremely small particle size, high aspect ratio and large interface area yield an excellent improvement of the properties in a wide variety of the materials. Uniform dispersion of the nanofillers is a general prerequisite for achieving desired properties. In this paper, current developments in the area of elastomer based nanocomposites reinforced with layered silicate and carbon nanotube fillers are highlighted.

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The Effects of ESG on Returns : Focusing on Chinese IT Companies

  • Jun-Chen Lin;Ji-Young Kwak
    • International journal of advanced smart convergence
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    • v.12 no.2
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    • pp.193-200
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    • 2023
  • This paper selects 100 IT companies listed on the Shenzhen Stock Exchange from 2016 to 2020, and the public announcement in Hwajung collects ESG integrated ratings and grades for each sector and empirically verifies the relationship between ESG ratings and stock returns. Huazheng ESG level data and QIANZHAN database Using corporate financial data, a total of 500 samples were selected through correlation analysis and linear regression analysis with SPSS23 to analyze the effect of ESG on Return. As a result of the analysis, first, the impact on stock returns was found to be a significant positive (+) value for ESG integrated ratings and ratings by E (environment), S (social), and G (governance) sectors, confirming that ESG ratings have a positive mold of corporate stock returns. Currently, the world's major economies have proposed sustainable development strategies and "carbon neutral" goals. Development strategies are very consistent with ESG concepts, and companies that agree and execute ESG concepts may have higher ratings than other companies in the same industry, resulting in certain evaluation premiums. In addition, capital market performance in recent years shows that companies with ESG concepts or "carbon neutrality" concepts are generally considered to have higher growth potential and stronger anti-risk capabilities in the market. For listed companies, they should focus on ESG investment, improve ESG performance, and actively disclose related information to investors. Improving ESG performance should deliver positive information to society, enhance corporate image, increase market confidence in the future development of listed companies, and positively improve corporate value to actively increase financial, financial, trading, and other aspects of negotiation.

The Effects of ESG on Returns : Focusing on Chinese IT Companies

  • Jun-Chen Lin;Ji-Young Kwak
    • International Journal of Advanced Culture Technology
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    • v.11 no.2
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    • pp.389-396
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    • 2023
  • This paper selects 100 IT companies listed on the Shenzhen Stock Exchange from 2016 to 2020, and the public announcement in Hwajung collects ESG integrated ratings and grades for each sector and empirically verifies the relationship between ESG ratings and stock returns. Huazheng ESG level data and QIANZHAN database Using corporate financial data, a total of 500 samples were selected through correlation analysis and linear regression analysis with SPSS23 to analyze the effect of ESG on Return. As a result of the analysis, first, the impact on stock returns was found to be a significant positive (+) value for ESG integrated ratings and ratings by E (environment), S (social), and G (governance) sectors, confirming that ESG ratings have a positive mold of corporate stock returns. Currently, the world's major economies have proposed sustainable development strategies and "carbon neutral" goals. Development strategies are very consistent with ESG concepts, and companies that agree and execute ESG concepts may have higher ratings than other companies in the same industry, resulting in certain evaluation premiums. In addition, capital market performance in recent years shows that companies with ESG concepts or "carbon neutrality" concepts are generally considered to have higher growth potential and stronger anti-risk capabilities in the market. For listed companies, they should focus on ESG investment, improve ESG performance, and actively disclose related information to investors. Improving ESG performance should deliver positive information to society, enhance corporate image, increase market confidence in the future development of listed companies, and positively improve corporate value to actively increase financial, financial, trading, and other aspects of negotiation.

The Law of One Price and Dynamic Relationship between EU ETS and Nord Pool Carbon Prices (국제 탄소배출권 가격의 일물일가 검정 및 동태적 분석)

  • Mo, Jung-Youn;Yang, Seung-Ryong;Cho, Yong-Sung
    • Environmental and Resource Economics Review
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    • v.14 no.3
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    • pp.569-593
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    • 2005
  • This study tests for the law of one price and Grander Causality between the EU ETS and Nord Pool $CO_2$ allowance prices. The Johansen cointegration test shows that there exists a long run equilibrium between EU ETS and Nord Pool prices and support the law of one price. The Granger casuality test suggests that the EU ETS leads Nord Pool for all vintages traded. The test results imply that the EU ETS can be regarded as the representative carbon market in the EU where many exchanges just started competing for the newly rising market for carbon.

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Factors Affecting Climate Change Accounting Disclosure Among Saudi Publicly List Firms on the Saudi Stock Exchange Market

  • Asaad Mubarak Hussien, MUSA;Abubkr Ahmed Elhadi, ABDELRAHEEM;Abbas Abdelrahman, ADAM
    • The Journal of Asian Finance, Economics and Business
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    • v.10 no.2
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    • pp.99-108
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    • 2023
  • This study's goal is to investigate the effects of board size, the number of annual board meetings, the profitability of the company, and the audit Committee on the disclosure of climate change in Saudi companies listed on the stock exchange. It was conducted to evaluate affecting some factors on carbon emissions by the regression model. The study uses the content analysis method. Data was collected from the annual and sustainability reports, and the platform database Refinitiv, an LSEG (London Stock Exchange Group Company) for the period 2018 to 2021. The study sample is 51 companies. The study findings showed Saudi Arabia saw its first significant overall drop in CO2 emissions with a 22.61 MtCO2 decline (3.93%) in 2018. The study revealed a positive connection between the size of the director's board, and the disclosure of carbon emissions in Saudi firms listed on the stock market. While other factors are not related to the number of director's board meetings, the audit committee, and the profitability of the company on the disclosure of carbon emissions in the Saudi companies listed on the stock exchange.

Modeling of Electricity Market based on Cournot Theory in consideration of Emissions Trading (배출권 거래를 고려한 쿠르노 모형 기반의 전력시장 모델링 기법에 관한 연구)

  • Lee, Kwang-Ho;Kim, Wook
    • Journal of the Korean Institute of Intelligent Systems
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    • v.24 no.4
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    • pp.379-384
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    • 2014
  • This paper proposes a Cournot model that can be used to analyze the strategic behaviors of generation companies which try to maximize their profits in an imperfectly competitive electricity and carbon markets. The proposed model consists of two parts. First, the strategic behaviors of generation companies are modeled based on the Cournot theory. Second, the market operation is modeled based on the assumption that the market operator tries to maximize the total social welfare in consideration of environmental welfare. To find the Nash equilibrium of the proposed model, the two-level optimization technique is used. The proposed method has been applied to an illustrative example of oligopolistic markets. We found that the proposed method has strong potential to analyze the influence of the strategic biddings of the generation companies and the impact of renewable generator on markets where the competitiveness of the markets is not fully developed.

Calculation of Carbon Stocks on Korean Traditional House (Hanoks) in Korea

  • Kang, Chan Young;Kang, Seog Goo
    • Journal of the Korea Furniture Society
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    • v.29 no.1
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    • pp.40-48
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    • 2018
  • This study analyzes the contribution of hanok that construction in reducing greenhouse gas (GHG) emissions in Korea by calculating the carbon storage of hanoks and comparing it to different housing types in Korea. The hanok is a traditional Korean house. And it were first designed and built in the $14^{th}$ century during thd Joseon Dynasty. According to our results, the number of hanoks in 2016 was approximately 547,085 which was accounting for 7.8% of the total construction market, This study found Gyeongbuk with 95,083, Jeonnam with 88,981, Gyeongnam with 76,388 and Seoul with 43,519 hanoks. According to the GHG Inventory Report for 2016, Korea's total annual GHG emissions amounted to 650 million $tCO_2$, with the carbon stocks in hanoks amounting to 19.2 million $tCO_2$. This accounts for 2.8% of Korea's total GHG emissions and 46.1% of the carbon absorbed by forests. Our results show that hanoks store four times more carbon than light-frame-wood-houses, and 15 times more carbon than concrete-reinforced and steel-frame houses. The main factors causing the hanok industry slowdown are the high construction costs, lack of government support, and insufficient knowledge of hanok architecture. Therefore, to further increase the carbon stock of hanok, more research is needed to improve the technical use of wood and reduce construction of the hanok and prepare legal and institutional arrangements related to hanok industry.

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A Study on the Market Analysis & Demand Forecasting of $CO_2$ Reduction and Sequestration Technologies (온실가스 저감 및 처리기술의 시장 분석 및 수요예측 연구)

  • Lee Deok-Ki;Choi Sang-Jin;Park Soo-Uk
    • Proceedings of the Korea Technology Innovation Society Conference
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    • 2005.05a
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    • pp.217-233
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    • 2005
  • As the Kyoto Protocol will come into effect starting February 2005, 55 member countries of the Conference of Parties of the Framework Convention on Climate Change (FCCC) will be under obligation to reduce the emissions of Carbon Dioxide $(CO_2)$ by 5.2 Percent from the 1990 levels before the year 2012. Hence the development of technology to prepare for this has been accelerated in Korea. The effect of technology varies with market size of technology, and it is necessary to control technology development period, according to the size and trend of technology market. Moreover it is essential that market analysis be finished before technology development, because market on the $(CO_2)$ Reduction and Sequestration Technology expands internationally. For that reason, it is needed to analyze domestic market and to consider technology development strategy according to analysis results. In this paper, we analyzed the domestic industry and forecasted the market size, both related to the Reduction and Sequestration Technology on $(CO_2)$ emission, which is the major component of global Green House Gas(GHG).

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Effects of high carbon dioxide and ethylene treatment on postharvest ripening regulation of red kiwifruit (Actinidia melanandra Franch) during cold storage (고농도 이산화탄소와 에틸렌처리가 레드키위의 수확 후 저온저장 중 숙성조절에 미치는 효과)

  • Yang, Yong-Joon;Lim, Byung-Seon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.18 no.6
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    • pp.478-485
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    • 2017
  • The effect of high carbon dioxide and ethylene treatment on postharvest ripening regulation of red kiwifruit (Actinidia melanandra) was investigated during cold storage. Physio-chemical properties such as weight loss, firmness, SSC, acidity, and market quality were analysed in red kiwifruit held at $10^{\circ}C$ compared to the fruit treated with carbon dioxide and ethylene during 75 days of storage. No significant weight loss was detected in red kiwifruit treated with carbon dioxide until 75 days of storage while the most rapid loss was found in fruit treated with ethylene. In ethylene-treated fruit, the firmness was dramatically reduced from 4.2kg on the first day to 1.2 kg after 27 days of storage at $10^{\circ}C$. However, the firmness of the carbon dioxide-treated fruit was 1.8kg after 54 days of storage. The highest level of SSC(%) was investigated within the 27 storage days at $10^{\circ}C$ for fresh red kiwifruit treated with exogenous ethylene, whereas the carbon dioxide-treated fruit exhibited a greatly increased SSC after 64 days. The carbon dioxide-treated red kiwifruit maintained statistically(p<.01) higher levels of acidity compared to the control and the exogenous ethylene-treated ones during 41 days of storage at $10^{\circ}C$. The SSC/Acid ratio of fruit treated with carbon dioxide was significantly lower (p<.01) maintained than the other two treatments (ethylene-treated and control fruit)throughout the 75-day experiment. Based on the quality characteristics of postharvest red kiwifruit, it could be concluded that the carbon dioxide treatment significantly delayed the ripening process and maintained the market quality of harvested red kiwifruit, which can be a potential application for commercial use in the kiwi industry.

Potential Impact of Timber Supply and Fuel-Wood on the Atmospheric Carbon Mitigation : A Carbon Cycle Modeling Approach (목재공급과 연료용 목재가 대기에 축적된 탄소저감에 미치는 잠재적 영향 : 탄소순환모형 접근법)

  • Lyon, Kenneth S.;Lee, Dug Man
    • Environmental and Resource Economics Review
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    • v.19 no.3
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    • pp.597-632
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    • 2010
  • There is general agreement that global warming is occurring and that the main contributor to this probably is the buildup of green house gasses, GHG, in the atmosphere. Two main contributors are the utilization of fossil fuels and the deforestation of many regions of the world. The burning of fossil fuels increases atmospheric carbon while the burning of fuel-wood reducing fossil fuel consumption along with its forest source maintain an atmospheric carbon level. The standing timber in the forests is a carbon sink, as are wood buildings and structures, and fossil fuel in the ground. This paper is designed to examine a number of current issues related to mitigating the global warming problem through forestry. For this purpose, we develop a modeling approach by integrating timber market, fossil fuel market and carbon cycling model. We use discrete time optimal control theory to identify optimal time paths, the laws of motion, and stationary stats solutions of endogenous variables in the model. On the basis of these results, we identify the optimal amounts of subsidies to be provided or taxes to be imposed by the regulatory agency to mitigate atmospheric carbon accumulation. We also present a numerical example to help illustrate the characteristics of variables in the model when the social cost for atmospheric carbon incrementally shifts upward. A surprising result is that the social cost function for atmospheric carbon has a very smaller impact on the optimal rotation period than previous literature suggested.

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