• Journal of Environmental Policy
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• v.8 no.4
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• pp.95-124
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• 2009

This study aims to introduce greenhouse gas emission trading in Korea as a highly cost-effective mechanism for controlling emissions. The Basic Act on Low-Carbon Green Growth will cover methods of emissions allocation, national inventory, and trading systems (i.e. emissions trading platforms, national registry,and clearing and settlement platforms). The Korean emission scheme will be based on the Korean Climate Change Act proposed by the National Assembly and Government with a cap-and-trade scheme. The national allowances will be allocated by the hybrid system. To establish the national inventory, TRADEMARKS (Telemetering System) and emissions factors are effective for greenhouse gas emissions measurement. It will likewise be effective for the national registry to be implemented via a Korean Integrated Registry, the emissions trading platform via the KRX (Korean Exchange), and the clearing and settlement platform via the KSD (Korean Securities Depository). In other words, the KRX will manage product development and marketing for Korean Carbon Financial Instruments (including commodities, futures, and options contracts) listed and admitted to trading on the KRX. All emissions trades will be standardized and cleared by the KSD.

• 한국연소학회:학술대회논문집
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• 2015.12a
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• pp.41-44
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• 2015

Experimental study was conducted to investigate the effect of ultra-high injection pressure on combustion and emission characteristics in a single-cylinder diesel engine. Electronically controlled ultra-high pressure fuel injection system consistently supplied the fuel of ultra-high pressure up to 250 MPa. Various injection pressures, 40 to 250 MPa, were applied and compared. A injector with eight identical nozzle holes which have diameter of $105{\mu}m$ was used. The results showed high potential to improve the nitrogen oxide (NOx) and particulate matter (PM) trade-off relationship with an ultra-high injection pressure and the exhaust gas recirculation (EGR).

• Journal of Energy Engineering
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• v.20 no.1
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• pp.63-76
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• 2011

This paper studies the impact of Korean introduction of the Generalized System of Preferences(GSP) to developing countries, which are continuously arguing to support research and development for reducing greenhouse gas(GHG) emission with developed countries in the Conference of the Parties(COP) of UNFCCC. This paper is focusing on the expecting effects of trade and GHG emission reduction when Korea provides GSP to Indonesia, Brazil, and Ethiopia, which are selected in the first session of Global Green Growth Institute(GGGI). This paper uses the methodology of the intra-industry trade index multiplied by Korean import-induced coefficients. To Indonesia, Korean probable GSP would benefit exports of Indonesian agriculture, forestry, fishery, and livestock farming industries, which would contribute to Indonesian reduction of GHG emission. To Brazil, the exports to Korea would increase in the GHG sensitive industries such as metal, fat, oils, food, and beverage industries. Ethiopia belongs to the least developed countries. So Korean GSP would support the exports and GHG reduction in Ethiopian agriculture, forestry, fisheries, textiles, and leather industries. Without conflicting most favored nation treatment(MFN) principle in WTO, the introduction of GSP would be a good compensation for GHG reduction to developing countries.

• Journal of the Korean Society of Industry Convergence
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• v.20 no.2
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• pp.105-113
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• 2017

Recently the direct injection diesel engine is the most efficient one available for road vehicles, so this fundamental advantage suggests the compression injection diesel engine are a wise choice for future development efforts. The compression ignition diesel engine, with its bigger compression ratios if compared to the SI engine, offers a higher thermodynamic efficiency, also additionally the diesel engine with its less pumping losses due to the throttled intake charge as in a SI engine has higher fuel economy. But the largest obstacle to the success of this engine is meeting emission standards for Nitric oxides and particulate matter while maintain fuel consumption advantage over currently available engines. Thus its use should be largely promoted, however, diesel engine emits more Nitric oxides and particulate matter than other competing one. There has been a trade-off between PM and NOx, so efforts to reduce NOx have increased PM and vice versa, but trap change this situation and better possibility emerge for treating NOx emission with engine related means, such as injection timing, equivalence ratio, charge composition, and engine speed. The common rail direct injection system is able to adjust the fuel injection timing in a compression ignition engine, so this electronically controlled injection system can reduce the formation of NOx gas without increase in soot. In this study it is designed and used the engine test bed which is installed with turbocharge and intercooler. In addition to equipped using CRDI by controlling injection timing with mapping modulator, it has been tested and analyzed the engine performance, combustion characteristics, and exhaust emission as operating parameters.

• Environmental and Resource Economics Review
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• v.13 no.2
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• pp.271-300
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• 2004

We investigate the two recent simulations of the proto-type domestic carbon emission trading system in Korea and draw some policy implications. The first simulation includes the 5 electric power companies based on baseline and credit. But the second one is with the 7 energy-intensive companies based on cap and trade. The voluntary approaches in this paper revealed the instability of market equilibrium, i.e., price volatility or distortion, excess supply or demand. These phenomena stems from excess incentives to the players, asymmetric information, players' irresponsible strategic behaviors, and non acquaintance of trading system. This paper suggests the basic design for domestic carbon trading system in future and a stepwise introduction strategy for it including the incentive auction scheme, the total quantity of incentive needed, and how to finance it. Meantime, the further simulations on the various sectors based on voluntary participation must be essential for learning experiences and better policy design.

• Korean System Dynamics Review
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• v.2 no.2
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• pp.97-118
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• 2001

To solve the policy problem between transportation and environment in trade-offs, above all, it is necessary to understand the complicated relationship between transportation and environment clearly before selecting policy alternatives. From this point of view, this study will propose the logic structure to examine the complex interaction of transportation and environment and investigate theoretically what kinds of impact would appear by the air related polices. In this research, we used ’system-dynamics’ which investigates the complexity through the flow of information and materials and the interaction of elements, which constitutes systems. System Dynamics is an approach that the variables to decide structural relationship in a system affect one another not in only-way but in inter-way and the power of influence changes time by time. This research is trying to examine the complex interaction of transportation and air pollution. For achieving this purpose, causal maps in System Dynamics approach were used. The main issues are as follows; first, to investigate the dynamic relationship between transportation and air pollution caused by exhaust emission gas. Second, to structuralize the logic of simulation to experiment the impacts of policies to relieve air pollution.

• 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.

• Journal of ILASS-Korea
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• v.2 no.1
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• pp.29-35
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• 1997

Many technologies have been developed to improve diesel emissions or performance, however NOx/PM trade-off occurs because normal methods that reduce NOx emissions tend to increase PM emissions. On the other hand many measures used to control PM emissions tend to increase NOx emissions. Thus, simultaneously controlling both NOx and PM emissions has become a significant challenge for diesel engine manufacturers. As one of the measures, the technology using emulsified fuel has recently become important under the stringent emission regulations of diesel engines. This paper investigates injection characteristics of emulsified fuel and its effect on a combustion performance in a diesel engine. In order to supply emulsified fuel into injection system a mixing unit produced by Harrier is used, then the fuel mixed with water is supplied into injector directly. The spray injected is investigated with a shadowgraph photo system and injection analyzing apparatus, then applied into a diesel engine. Those results showed that the emulsified fuel has an effect on reducing both NOx and PM.

• Journal of Korea Trade
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• v.26 no.8
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• pp.21-36
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• 2022

Purpose - Carbon emission standards are based on the "production-based carbon emissions" generated by the production of goods in the relevant country which were the existing measurement methods. However, can such carbon emissions measurement standards be established international? For example, some of the goods produced in developing countries are produced for the demand of developed countries. The method of measuring carbon emission based on the final demand of a certain country is called "consumption-based carbon emissions." This study compares productionand consumption-based CO₂ emissions according to economic growth in ninety-three countries categorized by income level. Design/methodology - Our empirical model considers the difference between production- and consumption-based CO₂ emissions according to economic growth. Also, our model investigated whether the EKC hypothesis in most of the previous studies that had been based on production-based emissions was also established in the consumption-based emission model. Considering the continuous characteristics of CO₂, we utilized the generalized method of moments (GMM), specifically a system GMM econometric technique because CO₂ in the previous period can affect CO₂ in the present period. Findings - Our main findings can be summarized as follows: The results show that for the consumption-based CO₂ emissions model, CO₂ continuously increases as economic growth increases in the upper-middle income countries. The inverted U-shaped result was found in the case of the production-based model. However, in the lower-income countries, an inverted-U shape in which CO₂ emissions decrease at some point as the economy grows in the production-based model does not appear. On the other hand, in the consumption-based model, an inverted U-shaped result was obtained when estimating with system-GMM. Additionally, the proportion of manufacturing, energy imports, and energy consumption had an effect on both the production- and the consumption-based model regardless of the group's CO₂ emissions. On the basis of such assessments, policymakers need to consider not only production- but also consumption-based options. Originality/value - Previous studies have mainly focused on production-based CO₂ emissions, with most of them revolving around economic growth or the effect of various social and economic factors on CO₂ emissions. However, this study considers the relationship with economic growth using consumption-based emissions as a dependent variable by classifying ninety-three countries by income level.

• Environmental and Resource Economics Review
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• v.31 no.2
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• pp.165-204
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• 2022

This study organized data from 2000 to 2014 for 20 grid-connected countries in Europe and analyzed the determinants of carbon emissions through the panel GLS method considering the problem of heteroscedasticity and autocorrelation. At the same time, the effect of introducing ETS was considered by dividing the sample period as of 2005 when the European emission trading system was introduced. Carbon emissions from individual countries were used as dependent variables, and proportion of generation by each source, power self-sufficiency ratio of neighboring countries, power production from resource-holding countries, concentration of power sources, total energy consumption per capita in the industrial sector, tax of electricity, net electricity export per capita, and size of national territory per capita. According to the estimation results, the proportion of nuclear power and renewable energy generation, concentration of power sources, and size of the national territory area per capita had a negative (-) effect on carbon emissions both before and after 2005. On the other hand, the proportion of coal power generation, the power supply and demand rate of neighboring countries, the power production of resource-holding countries, and the total energy consumption per capita in the industrial sector were found to have a positive (+) effect on carbon emissions. In addition, the proportion of gas generation had a negative (-) effect on carbon emissions, and tax of electricity were found to have a positive (+) effect. However, all of these were only significant before 2005. It was found that net electricity export per capita had a negative (-) effect on carbon emissions only after 2005. The results of this study suggest macroscopic strategies to reduce carbon emissions to green growth, suggesting mid- to long-term power mix optimization measures considering the electricity trade market and their role.