• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.23 no.4
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• pp.8-15
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• 2009

In this paper, a new demand-side evaluation for the technical potential of lighting dimming control and its applications in electricity markets have been presented. The California standard practice test has been widely used to estimate the economic value of demand-side resources. However, as the advent of deregulation and restructuring of power industry, the California test has been facing some limitations to adopt in the new market environments. In particular the conventional DC test is appropriate for the traditional vertically integrated utility, not for the restructured unbundled utility. Thus, this paper presents a new method to evaluate the economic value of demand-side resource, especially of controllable lighting dimming resource in terms of the energy service provider in market environments. We, therefore, first estimate the technical potential of the lighting dimming control and evaluate the value of the lighting dimming control based on the Korean electricity market data in 2006. The study result shows that the lighting dimming control is a cost effective option for the energy service provider.

• Journal of Korean Society for Atmospheric Environment
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• v.33 no.6
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• pp.570-582
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• 2017

In recent years, national and local government's air quality management and climate change adaptation policy has been significantly strengthened. The measures in the two policies may be in a relationship of trade-off or synergy to each other. Greenhouse gases and air pollutants are mostly emitted from the same sources of using considerable amounts of fossil fuels. Co-benefits, in which either measure has a positive effect on the other, may be maximized by reducing the social costs and by consolidating the objectives of the various policies. In this study, the co-benefits were examined by empirically analyzing the effects of air pollutants and greenhouse gas emission reduction, social cost, and cost effectiveness between the two policies. Of the total 80 projects, the next 12 projects generated co-benefits. They are 1) extend restriction area of solid fuel use, 2) expand subsidy of low-$NO_x$ burner, 3) supply hybrid-vehicles, 4) supply electric-vehicles, 5) supply hydrogen fuel cell vehicles, 6) engine retrofit, 7) scrappage of old car, 8) low emission zone, 9) transportation demand management, 10) supply land-based electric of ship, 11) switching anthracite to clean fuel in private sector, 12) expand regional combined-energy supply. The benefits of air pollutants and greenhouse gas-related measures were an annual average of KRW 2,705.4 billion. The social benefits of the transportation demand management were the highest at an annual average of KRW 890.7 billion, and followed by scrappage of old cars and expand regional combined-energy supply. When the social benefits and the annual investment budgets are compared, the cost effectiveness ratio is estimated to be about 3.8. Overall, the reduction of air pollutants caused by the air quality management policy of Gyeonggi-do resulted in an annual average of KRW 4,790.2 billion. In the point sources management sector, the added value of $CO_2$ reduction increased by 4.8% to KRW 1,062.8 billion, while the mobile sources management sector increased by 3.6% to KRW 3,414.1 billion. If social benefits from $CO_2$ reduction are added, the annual average will increase by 7.2% to KRW 5,135.4 billion. The urban and energy management sectors have shown that social benefits increase more than twice as much as the benefits of $CO_2$ reduction. This result implies that more intensive promotion of these measures are needed. This study has significance in that it presents the results of the empirical analysis of the co-benefits generated between the similar policies in the air quality management and the climate change policy which are currently being promoted in Gyeonggi-do. This study suggested that the method of analyzing the policy effect among the main policies in the climate atmospheric policy is established and the effectiveness and priority of the major policies can be evaluated through the policy correlation analysis based on the co-benefits. It is expected that it could be a basis for evaluation the efficiency of the climate change adaptation and air quality management policies implemented by the national and local governments in the future.

• Resources Recycling
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• v.22 no.5
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• pp.3-12
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• 2013

It is necessary to manage risk of metals which are has rigid supply structures and expected demand expansion, considering to industry structure and resource securing capacity of each country. Countries conducted various criticality analyses and selected mainly rare metals as critical materials(or Critical metals or Critical raw materials). This study examined cases of metals risk evaluation and management which are based on technology changes and imbalance supply-demand. EU and U.S.A evaluated risk on metals needed as supply expansion of renewable energy. Japan forecasted demand of rare metals needed in Japan's growth engine industry. U.K analyzed criticality of metals, considering environmental burden occurred from mining to refining. Critical materials has features such as weak price signal, inelastic supply structure, demand volatility in technology change.

• Atmosphere
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• v.34 no.1
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• pp.1-21
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• 2024

Private companies are increasingly required to take more substantial actions on climate change. This study introduces the principle and cases of climate (physical) risk estimation for 11 private companies in Korea. Climate risk is defined as the product of three major determinants: hazard, exposure, and vulnerability. Hazard is the intensity or frequency of weather phenomena that can cause disasters. Vulnerability can be reflected in the function that explains the relationship between past weather records and loss records. The final climate risk is calculated by multiplying the function by the exposure, which is defined as the area or value of the target area exposed to the climate. Future climate risk is estimated by applying future exposure to estimated future hazard using climate model scenarios or statistical trends based on weather data. The estimated climate risks are developed into three types according to the demand of private companies: i) climate risk for financial portfolio management, ii) climate risk for port logistics management, iii) climate risk for supply chain management. We hope that this study will contribute to the establishment of the climate risk management system in the Korean industrial sector as a whole.

• Journal of Integrative Natural Science
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• v.16 no.4
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• pp.139-145
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• 2023

Due to changes in the distribution system and increased demand for renewable energy, interest in technology to increase the limit capacity of distributed energy grid connection using grid flexible resources is also increasing. Recently, the distribution system system is changing due to the increase in distributed power from renewable energy, and as a result, problems with the limited capacity of the distribution system, such as waiting for renewable energy to connect and increased overload, are occurring. According to the power generation facility status report provided by the Korea Power Exchange, of the total power generation capacity of 134,020 MW as of 2021, power generation capacity through new and renewable energy facilities is 24,855 MW, accounting for approximately 19%, and among them, power generation through solar power accounts for a total portion of the total. It was analyzed that the proportion of solar power generation facilities was high, accounting for 75%. In the future, the proportion of new and renewable energy power generation facilities is expected to increase, and accordingly, an efficient operation plan for the distribution system is needed. Advanced country-type NWAs that can integrate the operation and management of load characteristics for each line of the distribution system, power distribution, regional characteristics, and economic feasibility of distributed power in order to improve distribution network use efficiency without expanding distribution facilities due to the expansion of renewable energy. An integrated operating system is needed. In this study, in order to improve the efficiency of distribution network use without expanding distribution facilities due to the expansion of renewable energy, we developed a method that can integrate the operation and management of load characteristics for each line of the distribution system, power distribution, regional characteristics, and economic feasibility of distributed power. We want to develop an integrated operation system for NWAs similar to that of advanced countries.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.60 no.8
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• pp.1451-1459
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• 2011

Recently, low energy houses have become an essential issue globally and various subsidy programs are ongoing to penetrate. All-electric houses which are another type of low energy houses or zero carbon houses are being developed. These houses consider new & renewable energy and demand side management programs in the construction and the diffusion process because these programs are essential policies to use energy resources reasonably. This paper shows a simulation methodology to control home appliances in all-electric houses considering the electricity consumption pattern of residents. The simulation is a first step to estimate energy saving of the house in a practical manner.

• Proceedings of the KSR Conference
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• 2011.10a
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• pp.3027-3031
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• 2011

In this study, By the time that TTX technology is adopted as railway rolling stock, we analyzed quantitatively energy saving by reducing the power consumption with the reduction of the operation time through the speed improvement and suggested the necessity to introduce TTX technology in the domestic rail vehicles. The effect of energy saving by comparing and analyzing the power consumption during the operation by TTX Hanvit 200 and 8200 electric locomotives to pull trains on the same line was suggested and the efficiency of the main devices(i.e C/I) of Hanvit 200 was compared and analyzed by measuring the power consumption by a single unit. For improving KORAIL management environment, reducing energy usage is an urgent challenge, its measures for solving them are constantly considered in many areas. In addition, at the time of improving the conventional track to speed up and changing the signals, Tilting technology will be contributed to the management environment by enlarging the passengers' demand through the reduction of the operation time and saving energy using the existing infrastructure.

• Journal of Energy Engineering
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• v.23 no.4
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• pp.61-72
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• 2014

This paper analyzed transition pathways toward a low carbon society in Korea to meet global $2^{\circ}C$ climate target. Lower economic growth, industrial structure change, enhance of energy demand management, decarbonization of power sector, and replacement of low carbon fuel could reduce greenhouse gas (GHG) emission from fuel combustion in 2050 by 67% against in 2011, or by 74% against in BAU (Business-As-Usual). Lower economic growth contributes to 13% of cumulative emission reduction relative to BAU, industrial structure change 9%, enhance of energy demand management 72%, decarbonization of power sector 5% and replacement of low carbon fuel 1% respectively. Final energy consumption in 2050 needs to be reduced to 50% relative to 2011, or to 41% relative to BAU. Nuclear, coal and renewable energy represent 31%, 40%, 2% respectively among electricity generation in 2011, but 38%, 2%, 32% in 2050. CCS represents 23% of total generation in 2050. Emission intensity of electricity in 2050 was decreased to 19% relative to 2011, or to 24% relative to BAU. Primary energy in 2050 was decreased to 64% compared to 2011, or to 44% compared to BAU. Final energy consumption, primary energy supply and GHG emission from fuel combustion from 1990 to 2011 increased by 176%, 197%, 146%. Radical change from historical trend is required to transit toward a low carbon society by 2050. Appropriate economic growth, structural change to non-energy intensive industries, energy technology research, development and deployment (RD&D) in terms of enhancement of energy efficiency and low carbon energy supply technologies, and fuel change to electricity and renewable energy are key instruments.

• Journal of the Korean Solar Energy Society
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• v.40 no.3
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• pp.33-42
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• 2020

Operational energy is the energy that is used during the occupancy stage of building life cycle. It is associated with relatively longer proportion of infrastructure's service life and can constitute 80-90% of the total energy. Assessing the energy use in buildings is essential since they are significant contributors to energy demand. In this regard, energy performance of buildings has become the focus of many regulations. This paper aimed to review the regulations about the energy performance of buildings during their operational stage in Korea. For energy efficient operation program for existing buildings, governments should implement policies and support voluntary programs that rely on collecting and managing building performance data and using this data to inform public and private-sector operation and maintenance strategies. Implementing these policies and programs requires tools and processes for collecting, curating, managing, analyzing, and publishing this data. Energy assessment tool, that is a data resource management tool that enables to assess energy use across the entire portfolio of buildings, is also required.

• New & Renewable Energy
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• v.7 no.2
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• pp.18-27
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• 2011

Management flexibility to adapt its future actions in response to altered future market conditions can expand the value of an investment opportunity by improving its upside potential without the change in the downside losses. Module manufacturers in solar industry continuously have to decide how much and when its production capacity should be expanded with regards to the demand in the global markets. Either over- or under-investment can cause sunk and/or opportunity costs to the module manufacturers. Option of exercising the additional investments only on favorable opportunities can increase total value of the investment. This paper analyzes the case which shows that the expansion of production capacity with more expandibility can have more value than the rigid plan of capacity expansion. The expansion option value is equivalent to KRW 38.286 billion, thus switching the negative NPV of the initial investment opportunity into the positive value. High volatility and the high growth in the cashflows as the major business features of the renewable energy provide condition where real options can play the crucial role in increasing the investment value as well as in determining the size and timing of capacity expansion in the course of capital budgeting process.