• The Journal of Asian Finance, Economics and Business
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• v.2 no.3
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• pp.41-46
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• 2015

Energy saving in the transport sector in the framework of the annual growth of energy consumption, the degree of negative impact on the environment and the amount of harmful emissions are becoming increasingly important. The article considers the world tendencies of energy consumption in transportation sector and emphasizes its dependency from oil. Also article describes the dynamics of energy use and CO₂ emissions from transport of city Almaty. In conclusion authors identify a number of problems in the transport sector, which hinder the implementation of energy efficiency measures and measures to reduce CO₂ emissions.

• Environmental and Resource Economics Review
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• v.10 no.1
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• pp.65-93
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• 2001

This study provides allocation methods and transaction instances of introducing pilot projects of $SO_2$ emission trading that recently rises as an scheme for effective emission regulation to internalizing environmental externalities. The emissions caps that is the total endowment of $SO_2$ emission permits are calculated in each emission plant by considering methods for distributing those permits-by giving them away or by selling them at auction. The method adopted in this study has several defects in application of the reality. However, this study may have contributions to cognize the importance of, allowance trading among the participants and to firstly design the allocations of emission permits for each plant using real emission data.

• Magazine of RCR
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• v.17 no.4
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• pp.81-84
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• 2022

• Proceedings of the KIEE Conference
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• 2003.11a
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• pp.441-443
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• 2003

One of the major pending issues regarding the Kyoto Protocol is to develope the domestic policies and measures for achieving GHG emission reduction target. The Kyoto Protocol can create the change of fuel-mix in generation company. This study analyzes the impact of introducing emission trading on the change in fuel mix in Korea generation market.

• Environmental and Resource Economics Review
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• v.10 no.4
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• pp.547-567
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• 2001

This paper analyzed what kind of institutional scheme for domestic policy instruments to reduce GHG emissions are desirable for Korea in complying with the international efforts to mitigate climate change, by focusing on independent abatement(equivalent to the imposition of carbon tax) and domestic emission trading. It also examined the economic and environmental implications of recycling the government revenue created from implementation of those policies. By utilizing a dynamic CGE model, this study shows that the economic cost under independent abatement is projected to be higher than that under emission trading. It is because under independent abatement scheme each emitter in economy must meet its emission target regardless of the abatement cost. On the other hand, emission trading allows emitters to reduce the marginal cost of abatement through trading of emission permits. In designing future domestic policies and measure to address the climate change problem in Korea, therefore, this study proposes the introduction of domestic emission trading scheme as the main domestic policy instrument for GHG emission abatement. In terms of double dividend, in addition, this study shows that both independent abatement and emission trading schemes under various assumption on the revenue recycling may not generate the double dividend in Korea.

• Asian-Australasian Journal of Animal Sciences
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• v.18 no.7
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• pp.1022-1028
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• 2005

The objectives of this study were to evaluate and compare the environmental load of two different concentrate feed supply systems to the Japanese domestic livestock industry using the Life-cycle Assessment (LCA) method. The current system was defined as that requiring 11.469 million tons of corn imported from the US by sea transport and supplied as concentrate feed to the Japanese domestic livestock industry. The new system proposed by Kaku et al. in 2004 was defined as where 802,830 tons of US imported corn would not be planted in US and would be replaced by barley planted in 278 thousand ha of Japanese domestic land left fallow for the past year. In this case, 909,000 tons of domestic harvest barley would have been supplied as concentrate feed to the Japanese domestic livestock industry in 2000. The activities taken into account within the two system boundaries were three stages: concentrate feed production, feed transportation and gas emission from the soil by chemical fertilizer. Finished compost was regarded as organic fertilizer and was put instead of chemical fertilizers within the system boundary. Adoption of this new concentrate feed supply system by the Japanese domestic livestock industry could reduce 78,462 tons $CO_2$-equivalents of global warming potential, 347 tons $SO_2$-equivalents of acidification potential, 54 tons $PO_4$-equivalents of eutrophication potential and 0.842 million GJ as energy consumption below 2,000 levels. This LCA study comparing two Japanese domestic livestock concentrate feed supply systems showed that the stage of feed transport contributed most to global warming and the stage of emission from the soil contributed most to acidification and eutrophication. The Japanese domestic livestock industry could participate in emissions trading with $CO_2$-equivalents reduced by shifting from some imported US corn as a concentrate feed to domestic barley planted in land left fallow. In that case the Japanese government could launch emissions trading in accordance with Kyoto Protocol in the future.

• Environmental and Resource Economics Review
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• v.25 no.3
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• pp.377-401
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• 2016

This study analyzes how much cost the power generation and energy sector in South Korea have to bear due to the introduction of emissions trading scheme during 2016 - 2017. To this end, the data on the seventh basic plan for long-term electricity supply and demand is applied to the electricity market simulation model called M-Core, and then the model forecasts carbon dioxide emissions to compare with the free emission allowances in the first national emissions permit allocation plan. The main results are as follows. Carbon dioxide emissions are estimated to be less in 2016 but more than the free emission allowances in 2017. When the price of the allowances is changed from \10,000/ton to \20,000/ton, the cost of purchasing the allowances is ranged from \70 billion to \140 billion. Under the assumption that CO2 cost is incorporated into the variable cost, a reversal of merit order between coal and LNG generation takes place when the price of the allowances exceeds \80,000/ton.

• Environmental and Resource Economics Review
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• v.22 no.3
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• pp.459-479
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• 2013

To assess the feasibility of 'low carbon, sustainable growth' policy pursued of the Chinese government, this paper first measures technical efficiency, $CO_2$ shadow prices, and indirect Morishima elasticity of substitution between capital and energy for 24 of manufacturing sectors in Beijing and Chongqing, in which China launched pilot carbon emissions trading scheme, by estimating the input distance function. Based on these results, then the potential for $CO_2$ reduction, cost savings from emissions trading, and the effectiveness of capital investment in reducing $CO_2$ are compared across industries and provinces. In 2010, manufacturing industries in Beijing and Chongqing could potentially reduce the largest $CO_2$ emissions, amounting 5.2 and 17 million tons, respectively, by achieving 100% technical efficiency. While, on average, Chongqing has a comparative advantage in the cost savings from carbon trading over Beijing, Beijing is more likely to reduce $CO_2$ by expanding capital investment.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.59 no.6
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• pp.1017-1024
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• 2010

Under the Kyoto Protocol many countries have been requested to participate in emissions trading with the assigned $CO_2$ emissions. In this environment, it is inevitable to change the system and market operation in deregulated power systems, and then ensuring safety margin is becoming more important for balancing system security, economy and $CO_2$ emissions. Nowadays, available transfer capability (ATC) is a key index of the remaining capability of a transmission system for future transactions. This paper presents a novel approach to the ATC evaluation with $CO_2$ emissions using multi-objective particle swarm optimization (MOPSO) technique. This technique evolves a multi-objective version of PSO by proposing redefinition of global best and local best individuals in multi-objective optimization domain. The optimal power flow (OPF) method using MOPSO is suggested to solve multi-objective functions including fuel cost and $CO_2$ emissions simultaneously. To show its efficiency and effectiveness, the results of the proposed method is comprehensively realized by a comparison with the ATC which is not including $CO_2$ emissions for the IEEE 30-bus system, and is found to be quite promising.

• Environmental Engineering Research
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• v.21 no.1
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• pp.91-98
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• 2016

Along with China's increasing share in global total $CO_2$ emissions, there is a necessity for China to shoulder large emission-mitigating responsibility. The appropriate allocation of $CO_2$ emission quotas can build up a solid foundation for future emissions trading. In views of originality, an optimized approach to determine $CO_2$ emissions allocation efficiency based on the zero sum gains data envelopment analysis (ZSG-DEA) method is proposed. This paper uses a non-radial ZSG-DEA model to allocate $CO_2$ emissions between different Chinese provinces by 2020 and treats $CO_2$ as the undesirable output variable. Through the calculation of efficiency allocation amounts of provincial $CO_2$ emissions, all provinces are on the ZSG-DEA efficiency frontier. The allocation results indicate that the cumulative optimal amounts of $CO_2$ emissions in 2020 were higher than the actual amounts in 13 provinces, and lower in other 17 provinces, and show that different provinces have to shoulder different mitigation burdens in terms of emission reduction.