• Title/Summary/Keyword: Carbon market

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Fuel Mix of Electricity Generating System Considering Energy Security and Climate Change Mitigations : Focusing on Complementarity between Policy Objectives (에너지 안보 및 기후변화 대책을 고려한 발전구성비의 도출 : 정책 목표간의 상호보완성을 중심으로)

  • Ryu, Hanee;Kim, Kyunam;Kim, Yeonbae
    • Environmental and Resource Economics Review
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    • v.20 no.4
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    • pp.761-796
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    • 2011
  • The purpose of this paper is to derive fuel mix of electricity generating system with the lowest cost considering energy security and climate change mitigations as the target of energy policy. Energy Security Price Index(ESPI), based on the measure of market concentration in fossil fuel market and political risk of exporting countries, is chosen to assess the level of energy security. The methodology of Energy Conservation Supply Curve(CSC) is applied to fuel mix to meet the carbon emission mitigation through increasing the alternatives participation and introduction of new technologies. These also represent an improvement on the level of energy security, having the complementarity between two objectives. The alternative measure for improving energy security is exploration and production(E&P) of fossil fuel for energy sufficiency. Fuel mix of electricity generating system to achieve certain objectives in 2020 can be derived with the lowest cost considering energy security and carbon emission mitigations.

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FEED Framework Development for Designing Supercritical Carbon Dioxide Power Generation System (초임계 이산화탄소 발전시스템 설계를 위한 FEED(Front End Engineering Design) 프레임워크 개발)

  • Kim, Joon-Young;Cha, Jae-Min;Park, Sungho;Yeom, Choongsub
    • Journal of the Korean Society of Systems Engineering
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    • v.13 no.2
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    • pp.65-74
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    • 2017
  • Supercritical carbon dioxide power system is the next generation electricity technology expected to be highly developed. The power system can improve net efficiency, simplify cycle configuration, and downsize equipment compared to conventional steam power system. In order to dominate the new market in advance, it is required to found Front End Engineering Design (FEED) Framework of the system. Therefore, this study developed the FEED framework including design processes for the supercritical carbon dioxide power system, information elements for each process, and relationships for each element. The developed FEED framework is expected to be able to secure systematic technological capabilities by establishing a common understanding and perspective among multi-field engineers participating in the design.

Particle collection characteristics of carbon fiber sheet discharge electrode by particle size and application to air cleaner (탄소섬유 시트 방전극의 입자 크기 별 집진 특성 및 공기청정기로의 응용)

  • shin, Dongho;Woo, Chang Gyu;Hong, Keejung;Kim, Hak-Joon;Kim, Yong-Jin;Han, Bangwoo
    • Particle and aerosol research
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    • v.14 no.3
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    • pp.81-88
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    • 2018
  • The market for improving the indoor air quality is continuously increasing, and air cleaners are the representative products. As interest in indoor air quality increases, so are the ultrafine particle which are harmful to the human body. Despite its many advantages, electrostatic precipitators are less used in indoor air due to ozone production. In this study, the carbon fiber sheet was applied to the discharge electrode and compared with the conventional tungsten wire discharge electrode. The particle collection efficiency and the amount of ozone generation were measured for 10-100 nm particles. Furthermore, it was applied to commercial air purifier with electrostatic precipitator to compare particle removal performance. The carbon fiber sheet type discharge electrode generates a small amount of ozone, and thus it can be applied to improve indoor air quality.

Prototype Product Based on the Functional Test of ANG Fuel Vessel Applied to Composite Carbon Fiber (탄소섬유 복합재료를 적용한 ANG 연료용기의 시제작 및 성능평가)

  • Kim, Gun-Hoi
    • Journal of the Korean Society of Manufacturing Process Engineers
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    • v.18 no.3
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    • pp.7-13
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    • 2019
  • Recently, an automobile market used to natural gas has emerged as fast-growing as the several countries, who holds abundant natural fuel resources, has promoted to supply the national agency for an automobile car. LNG fuel vessel is more efficient in another way as the energy density is high, but it requires a high technology and investment to maintain extreme low temperature. CNG fuel vessel are relatively low-cost alternative to LNG, but poorly economical in terms of energy density as well as showing safety issues associated with compressed pressure. The development of adsorbed natural gas (ANG) has emerged as one of potential solutions. Therefore, it is desirable to reduce the weight of vessel by applying light-weighed a composite carbon fiber in order to response to the regulation of $CO_2$ emission. Herein, this study make the prototype ANG vessel not only based on the optimal design and analysis of material characteristic but also based on the shape design, and it suggest a new type for the composite carbon fiber vessel which verified functional test. Moreover, the detail shape design is analyzed by a finite element analysis, and its verifies the ANG vessel.

Is It Possible to Achieve IMO Carbon Emission Reduction Targets at the Current Pace of Technological Progress?

  • Choi, Gun-Woo;Yun, Heesung;Hwang, Soo-Jin
    • Journal of Korea Trade
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    • v.26 no.1
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    • pp.113-125
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    • 2022
  • Purpose - The primary purpose of this study is to verify whether the target set out by the International Maritime Organization (IMO) for reducing carbon emissions from ships can be achieved by quantitatively analyzing the trends in technological advances of fuel oil consumption in the container shipping market. To achieve this purpose, several scenarios are designed considering various options such as eco-friendly fuels, low-speed operation, and the growth in ship size. Design/methodology - The vessel size and speed used in prior studies are utilized to estimate the fuel oil consumption of container ships and the pace of technological progress and Energy Efficiency Design Index (EEDI) regulations are added. A database of 5,260 container ships, as of 2019, is used for multiple linear regression and quantile regression analyses. Findings - The fuel oil consumption of vessels is predominantly affected by their speed, followed by their size, and the annual technological progress is estimated to be 0.57%. As the quantile increases, the influence of ship size and pace of technological progress increases, while the influence of speed and coefficient of EEDI variables decreases. Originality/value - The conservative estimation of carbon emission drawn by a quantitative analysis of the technological progress concerning the fuel efficiency of container vessels shows that it is not possible to achieve IMO targets. Therefore, innovative efforts beyond the current scope of technological progress are required.

Selecting Optimal CO2-Free Hydrogen Production Technology Considering Market and Technology (기술, 경제성을 고려한 최적 친환경 수소생산 기술 선정 방법)

  • Ji Hyun Lee;Seong Jegarl
    • New & Renewable Energy
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    • v.19 no.2
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    • pp.13-22
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    • 2023
  • With the increased interest in renewable energy, various hydrogen production technologies have been developed. Hydrogen production can be classified into green, blue, gray, and pink hydrogen depending on the production method; each method has different technical performance, costs, and CO2 emission characteristics. Hence, selecting the technology priorities that meet the company strategy is essential to develop technologically and economically feasible projects and achieve the national carbon neutrality targets. In addition, in early development technologies, analyzing the technology investment priorities based on the company's strategy and establishing investment decisions such as budget and human resources allocation is important. This study proposes a method of selecting priorities for various hydrogen production technologies as a specific implementation plan to achieve the national carbon neutrality goal. In particular, we analyze key performance indicators for technology, economic feasibility, and environmental performance by various candidate technologies and suggest ways to score them. As a result of the analysis using the aforementioned method, the priority of steam methane reforming (SMR) technology combined with carbon capture & storage (CCS) was established to be high in terms of achieving the national carbon neutrality goal.

Adsorption Efficiency of Coal Based GACs and Evaluation of Economic Efficiency (석탄계 활성탄별 흡착능 및 경제성 평가)

  • Choi, Dong-Hoon;Son, Hee-Jong;Park, Jin-Sik;Moon, Choo-Yeun;Ryu, Dong-Choon;Jang, Seong-Ho;Kwon, Ki-Won;Kim, Han-Soo
    • Journal of Environmental Science International
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    • v.22 no.2
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    • pp.205-213
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    • 2013
  • This is made of domestic and foreign coal activated carbon of five species, physicochemical adsorption efficient about sterilize products and micro harmful substances and is a result of the economic evaluation. The most well-developed micropores bed volume 123,409 of AC-1 activate carbon appeared to be the best next AC-2, AC-3, AC-4, AC-5 followed by activated carbon was investigated. PFOA and PFOS in the BV 96,000 when evaluating foreign types of adsorption activated carbon adsorption capacity was greater when more than PFOA, PFOS showed that the adsorption well. The economic evaluation of activated carbon usage in chloroform (CUR) was most excellent as a AC-1 4.3 g/day, the next AC-2, AC-3, AC-4, AC-5 there are two types of foreign economic order appears to have appeared, but the current domestic market when applying the price AC-1, AC-3, AC-2, AC-4, AC-5 order was investigated.

ESTABLISHMENT OF CDM PROJECT ADDITIONALITY THROUGH ECONOMIC INDICATORS

  • Kai. Li.;Robert Tiong L. K.;Maria Balatbat ;David Carmichael
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.272-275
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    • 2009
  • Carbon finance is the investment in Greenhouse Gas (GHG) emission reduction projects in developing countries and countries with economies in transition within the framework of the Kyoto Protocol's Clean Development Mechanism (CDM) or Joint Implementation (JI) and with creation of financial instruments, i.e., carbon credits, which are tradable in carbon market. The additional revenue generated from carbon credits will increase the bankability of projects by reducing the risks of commercial lending or grant finance. Meantime, it has also demonstrated numerous opportunities for collaborating across sectors, and has served as a catalyst in bringing climate issues to bear in projects relating to rural electrification, renewable energy, energy efficiency, urban infrastructure, waste management, pollution abatement, forestry, and water resource management. Establishing additionality is essential for successful CDM project development. One of the key steps is the investment analysis. As guided by UNFCCC, financial indicators such as IRR, NPV, DSCR etc are most commonly used in both Option II & Option III. However, economic indicator such as Economic Internal Rate of Return(EIRR) are often overlooked in Option III even it might be more suitable for the project. This could be due to the difficulties in economic analysis. Although Asian Development Bank(ADB) has given guidelines in evaluating EIRR, there are still large amount of works have to be carried out in estimating the economic, financial, social and environmental benefits in the host country. This paper will present a case study of a CDM development of a 18 MW hydro power plant with carbon finance option in central Vietnam. The estimation of respective factors in EIRR, such as Willingness to Pay(WTP), shadow price etc, will be addressed with the adjustment to Vietnam local provincial factors. The significance of carbon finance to Vietnam renewable energy development will also be addressed.

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Welfare Analysis of Carbon Taxes and Tradable Permit Allocations: A Contest Theory Model (탄소세 정책과 배출권거래제 정책에 대한 후생 분석: 경쟁 이론을 중심으로)

  • Lee, Jong Hwa
    • Environmental and Resource Economics Review
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    • v.25 no.3
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    • pp.421-447
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    • 2016
  • I examine the situation in which the players compete to obtain economic rents which is generated by the market-based environmental regulation, such as carbon taxes or tradable permit allocations. Drawing on contest theory, I employ the sharing rules which is devised to motivate players best effort, and consider two models in carbon taxes: one model with observable sharing rules and the other model with unobservable sharing rules. I show that, first, the overall welfare of carbon taxes is always less than that of tradable permit allocations under the model with observable sharing rules. Second, depending on the share of the preassigned allocation in tradable permit allocations, the overall welfare of carbon taxes may be larger than that of tradable permit allocations under the model with unobservable sharing rules.

Trend of New-Technology for Photovoltaics (태양광발전의 신기술동향)

  • Kim, Ho-Kun
    • The Journal of Information Technology
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    • v.12 no.4
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    • pp.19-24
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    • 2009
  • Recently, for the efforts of low-carbon deduction and to solve the problems of global warming, many industrial nations in world have been strengthening positively their competitive power into the research, development and industrialization of new renewable sources of energy and clean energy. In the most promising source of photovoltaic, it is essential that the government take an initiative role to develop and industrialize the materials, ingot or wafer, solar cell, power conditioning system and photovoltaic system, and need to establish both short-term and long-term technical development of goal setting and forward plan in the direction of the technical development strategy and forward industrialization for the strengthening of world market. This paper analyze new technology, policies and the market trend of photovoltaic field which are currently strategically and actively enhancing the research, development and practical-industralization by Korea and other nations.

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