• Journal of Climate Change Research
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• v.9 no.4
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• pp.357-368
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• 2018

The Paris Agreement, adopted in 2015, requires global mitigation actions by all countries, whether they are developed or developing countries. All member countries prepared and communicated a greenhouse gas reduction target, formally called the Intended Nationally Determined Contribution (INDC). There has been some concern regarding whether the INDCs communicated are sufficient to achieve the emissions reduction needed to hold the increase in global temperature to $2^{\circ}C$ above pre-industrial levels. How to address this emissions gap in an equitable and fair manner remains controversial. Beginning in the year 2023, global stocktaking under the Paris Agreement will be performed by the Conference of the Parties to assess progress towards temperature goals. The present study, based on various composite indicators reflecting equity, fairness, ability and efficiency, analyzed the GHG reduction targets of eleven major countries and the ambitiousness of these targets. Employing share indicators and comparative ratio indicators (resulting in eight composite indicators), this study showed that when share indicators are applied, Korea's appropriate reduction requirement rate is relatively low at 1~2%. However, when comparative ratio indicators are applied, Korea's appropriate reduction requirement rate increases dramatically to 6~11%. In a similar vein, when share indicators are applied, Korea's 2030 target is very ambitious compared to other countries, while the opposite is seen with comparative ratio indicators. This strongly suggests that Korea needs to apply more share indicators than comparative ratio indicators when discussing the equitable and ambitious role of Korea in the climate debate.

• Journal of Environmental Policy
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• v.12 no.4
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• pp.23-44
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• 2013

Climate change affects human and natural environment. Many countries, including Korea, are trying to develop climate change adaptation strategies to minimize adverse impacts of climate change. To deal with climate change efficiently, decisions have to be made among many options. The objectives of this paper is to analyzes methodologies for prioritizing climate change adaptation measures. Each methodology has strength and weakness and information requirements are differ. We find multi-criteria analysis is one of useful tools considering current level of understanding on climate change adaptation. We suggest climate change risks(timing, likelihood, intensity of climate change impacts), feasibility of policy (equity, main-streaming, democracy), effectiveness (economic effectiveness, co-benefits, propagation effects) of adaptation measures as main evaluation criteria of prioritization.

• East Asian Economic Review
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• v.18 no.3
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• pp.277-299
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• 2014

Climate negotiations have been going on for the last two decades and the awareness for impacts of climate change has improved substantially. However, the trends of global $CO_2$ emissions did not reveal any encouraging signs, with developing countries emitting even more $CO_2$ and industrialized nations showing no signs of reducing emissions to below their 1990 levels. In order to meet the ambitious targets set by the Stern report for the next two decades, it is important to find new and path-breaking approaches to climate change. This paper attempts to analyze the use of carbon/development space historically, at present and in the future with a focus on equity. Trends analysis focuses on the last two decades (Post Rio) and the carbon budget based analysis considers a period of 1850-2050. Industrialized countries are found to have significantly overshot their budgeted allocation for the last 160 years. Both the developing and industrialized countries are overshooting the present budget estimates based on world per capita budget for the next forty years and proportional to the population of each country. It is important for the industrialized countries to bring down their emissions to meet their carbon budgets while the developing countries use their development space as a guideline for their development path. Furthermore, this paper presents aggressive and regressive scenarios for the industrialized countries to compensate for the climate debt they have created.

• Environmental and Resource Economics Review
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• v.25 no.1
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• pp.27-60
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• 2016

An integrated assessment model of climate and the economy (IAM) has been a standard tool for the economic analysis of climate change and policy recommendations. Since policy measures to address climate change take places at a national level, a regional integrated assessment model of climate and the economy (RIAM) is gaining more importance. A RIAM is a useful tool for the assessment of regional (or national) impacts of climate change. This paper investigates the main features of the currently available RIAMs. The focus is social welfare functions and the regional aspects of climate change. The comparative analysis shows that there is a huge gap between the economics of climate change and its applications to RIAMs. As an application, this paper examines the effect of social welfare functions on optimal solutions of the RICE (Regional Integrated model of Climate and the Economy) model. It is found that optimal climate policy such as carbon tax or emissions control rate is very sensitive to the assumptions on social welfare functions of RIAMs. It is better for each country to have their own RIAM as a basic tool for national climate policy-making and for international bargaining in greenhouse-gas mitigation. This is because a country's own preferences such as efficiency, equity, and sustainable development as well as national circumstances can be reflected in RIAM. The Republic of Korea has not developed its own RIAM yet. The comparative analysis and the numerical model in this paper can be a stepping stone for the development of such a national model.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.8
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• pp.297-308
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• 2020

This study exemines the roles of corporate social activity (CSR) and executive compensation structure on the pricing of seasoned equity offerings (SEOs) with special focus on the role of CSR in reducing the level of information asymmetry between managers and future shareholders of issuing firms through SEOs. This study also investigates the interaction between executive compensation structure and CSR on the discounting of SEOs. We use a sample of 2,102 seasoned equity offerings of U.S. firms with CSR scores from 1995 to 2015 in our OLS fixed effect regression analysis. The results show that issuing firms with high CSR are more likely to expericence a lower degree of the SEO discount. The results also document a positive association between CSR and a high proportion of equity-based compensation of issuing firms' executives. The findings of this paper confirm that CSR attenuates the impact of information asymmetry and the pre-SEO price uncertainty on the pricing of the offers and hence the SEO discount. Furthermore, CSR reinforces the impact of executive firm-related wealth on the discounting of seasoned equity offerings. It appears that firm-related wealth motivates managers to actively engage in reducing information asymmetry activities before SEOs, thereby decreasing the SEO discount.

• Journal of the Korean Institute of Landscape Architecture
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• v.42 no.3
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• pp.76-89
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• 2014

The functions of urban park including health related benefit and climate adaptation and mitigation are expanding. However, in-depth research and discourse on the equitable distribution of expanded park function has been limited so far. Following research suggests Green Welfare concept to reflect distributive equity and multifunctionality in the process of urban park policy development and execution. This study developed park welfare indices to analyze disparities of neighborhood urban park(NUP) distribution viewed from green welfare by literature review. The findings analyzed through the Correlation Analysis and Cluster Analysis by SPSS 18.0. The results of the study are as follows. First, green welfare is defined as "to receive equitable benefits and participate in the delivery process of green services which are promoting health and securing safety from climate change risks for every citizen by life cycle regardless of socioeconomic status". Second, NUP per person in Seoul indicate meaningful differences by socioeconomic and environmental status of Seoul administrative districts. Park welfare indices correlated to NUP per person were shown population density(negative), percentage of individuals $aged{\geq}65$(positive), percentage of self-reliance of local finance(positive), flood and air pollution vulnerability by climate change(negative). Third, the cluster analysis identifies three significant clusters that indicate differences of park welfare level. Thus, it was found that NUP in Seoul from a green welfare perspective was provided disproportionately. Future urban park policy in Seoul was required equitable distribution of multifunctionality of park beyond quantitative expansion, and priority consideration should be given to park service consumer.

• Journal of Environmental Policy
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• v.5 no.1
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• pp.1-23
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• 2006

This study explores what potential future greenhouse gas allocation schemes might mean for OECD countries, and discusses a number of concepts of equity, examines three specific burden sharing rules and formulae. The results indicate that Korea reduces its emission from 8.1% and 19.8% which is 34.9-85.8 million tons of $CO_2$ emission on the assumption that the overall level of abatement remains 20% of total 2000 OECD emissions.

• Journal of Korean Society of Forest Science
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• v.101 no.4
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• pp.606-612
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• 2012

We developed four qualitative criteria for evaluating Indonesia's REDD+ strategy by analysing REDD+ related decisions from the Cancun agreements adopted by the 16th Conference of the Parties under the United Nations Framework Convention on Climate Change (UNFCCC), and the important elements developed by Norway's International Climate and Forest Initiative to evaluate Indonesia's REDD+ strategy: (1) Criterion 1 is assessing how accurately the developed strategy identifies substantial underlying and direct causes of deforestation and forest degradation; (2) Criterion 2 is whether the strategy establishes a scientifically reliable national-level MRV (Measurement, Reporting and Verification) system; (3) Criterion 3 is whether the strategy achieves real greenhouse gas emissions reductions; and (4) Criterion 4 is whether the strategy includes safeguards to ensure equity and co-benefits from REDD+ related projects for relevant stakeholders, in particular local communities and indigenous peoples. Criteria 1 and 2 can be the fundamental bases of real GHG emissions reduction (Criteria 3). Criteria 3 is recognised as the ultimate objective of REDD+. Criterion 4 is for both bases of the effective GHG emission reduction and complementary objective of REDD+. These criteria and indicators developed can provide basic framework to understand their REDD+ national strategies of the other developing countries as well as Indonesia.

• Journal of Korean Academy of Dental Administration
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• v.9 no.1
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• pp.38-43
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• 2021

Based on data from the Korean Academy for Dental Administration, which has been conducting the Dental Quality Improvement (QI) Contest since 2010, we aimed to provide basic data for the development of dental quality improvement indicators by analyzing the trends of dental quality improvement activities. A total of 54 articles in the dental QI contest from 2015 to 2021 were used to search for frequently used words and to classify the quality of dental care. The criteria for the quality dimension of dental care were first classified into structure, process, and outcome, and secondary classification was performed into patient safety, timeliness, patient-centeredness, equity, efficiency, effectiveness, and accessibility. The frequently used key terms were satisfaction (five times), efficiency (four times), system (three times), and implant (three times). The activities for process evaluation were high at 62.26%, structural evaluation activities at 35.85%, and outcome evaluation activities at 1.89%. According to the components of dental care quality improvement, the activity performed under efficiency was the highest (33.96%), followed by patient-centeredness (18.87%), effectiveness (16.98%), patient safety (15.09%), accessibility (5.66%), timeliness (1.89%), and the equity (1.89%). QI activities in dental hospitals were mainly activities on improvement in structure and process, as well as activities on efficiency, patient-centeredness, effectiveness, and patient safety.

• New & Renewable Energy
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• v.18 no.2
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• pp.60-72
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• 2022

The environmental, social, and governance (ESG) score is gaining recognition as important nonfinancial investment criteria. With climate change emerging as a global issue, energy companies must pay attention to the ESG impact on corporate performance. In this study, the ESG impact on the performance of energy companies was analyzed based on 23 companies selected from the S&P 500. The panel corrected standard error methodology was used. The Refinitiv ESG score was the independent variable, and financial performance metrics, such as Tobin's Q, return on assets, and return on equity, were the dependent variables. It was found that the ESG score is positively associated with long-term corporate value but not with short-term profitability in the electricity utility industry. Among the subcategories of ESG, the environmental and social scores also showed positive correlations with long-term corporate value. A direct incentive policy is recommended that can offset expenses for ESG activities to reduce carbon emission in the energy sector.