• Title/Summary/Keyword: Energy economics

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Low-Carbon, Green-Growth and Empirical Analysis on Potential for Accomplishment by Industries (저탄소 녹색성장과 산업의 잠재성과에 관한 실증분석)

  • Lee, Myunghun
    • Environmental and Resource Economics Review
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    • v.20 no.1
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    • pp.99-118
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    • 2011
  • 'Low Carbon, Green Growth' may be the achievable target in industry section, depending on whether less reliance on fossil-fuels use can bring higher productivity growth in the long run. This paper tests for the short-run and long-run effects of investment on energy-saving equipments on productivity growth in the Korean manufacturing industries. The investment in energy efficiency causes an increase in costs (measurement effect) in the short-run, but in the long-run likely improve energy intensity and reduce costs (positive real effect) despite the delay in new other investment for technical innovation (negative real effect). A 2SLS regression was attempted to deal with endogeneity of energy-saving investment. The productivity effects were tested for five manufacturing sub-industries showing relatively high energy intensity with annual time series data from 1982 through 2006. No productivity effects were accepted for all five sub-industries except Chemical products. Positive real effect was considered to be exceeded by negative real effect, resulting in decreased productivity growth for Chemical products.

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Consumers' Willingness to Pay for Renewable Energy (신재생에너지 전력에 대한 소비자 지불의사)

  • Lee, Changhoon;Hwang, Seok-Joon
    • Environmental and Resource Economics Review
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    • v.18 no.2
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    • pp.173-190
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    • 2009
  • Although renewable energy sources are more environmentally friendly than fossil energy sources, they are far more costly and hard to survive in the electricity market. For a competitive renewable electricity, the government should take 'visible' actions to compensate higher production costs. Popular policies, such as Feed-In-Tariff and Renewable Portfolio Standards, are financed by an undifferentiated increase of electricity bills (a collective financing mechanism) but are occasionally confronted with the opposition of the electricity consumers. This paper discusses the consumers' willingness to pay for renewable energy in order to back up the voluntary financing mechanism, the Green Pricing. The Tobit analysis of a consumer survey shows that the consumer's WTP is positively influenced by his environmentally friendly activities under both financing mechanisms. The knowledge on renewable energy is statistically significant only under collective financing mechanism.

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A Study on the Night Thermal-storage Power Service : Sustainability and Energy Security (심야전력제도의 문제점과 개선 방향 : 경제성·환경성·형평성 및 에너지 안보)

  • Cho, Young-Tak;Kim, Chang-Seob
    • Environmental and Resource Economics Review
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    • v.17 no.2
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    • pp.419-455
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    • 2008
  • This paper analyses the Night Thermal-storage Power Service(NTPS) from the perspective of sustainability. It investigates the economic, environmental and social aspects of NTPS, thereby reveals that NTPS triggers the inefficient use of fuel, the increase of carbon dioxide emission and the increase of cross subsidy between consumers. This paper also analyses NTPS from the perspective of energy security. It investigates how NTPS makes LNG demand volatile in winter, thus threatens our energy security. According to the analysis, NTPS directly violates two basic principles of national energy policy; Sustainability and Energy Security. To solve these problems, not only the harmonized adjustment of Heating Oil Tax and Electric Power Rates is needed to curb the rapier increase of NTPS, but also another separate policy is necessary for converting the electric heating system based on NTPS into the one based on Heating Oil.

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Can Index Decomposition Analysis Give a Clue in Understanding Industry's Greenhouse Gas Footprint? (산업의 온실가스 배출 행태 이해를 위한 지수분해분석 적합성 실증 연구)

  • Chung, Whan-Sam;Tohno, Susumu
    • Environmental and Resource Economics Review
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    • v.24 no.1
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    • pp.55-84
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    • 2015
  • Korea is one of the few OECD countries having no binding Greenhouse gas (GHG) emissions reduction obligations under the Kyoto Protocol. Korea is going to enforce a powerful greenhouse gas emissions control to the industry from 2015. Current GHG reduction policies do not take into account the trade-off between economic growth and GHG mitigation, this approach will not be sustainable. Sectoral approach, considering industry by industry may be more eco-friend approach. This study verified the validity of the analysis results counted from whole procedure of energy input-output analysis and decomposition analysis to sector 'Organic basic chemical products' and 'Cement and concrete products'. Empirical test was performed using changes in energy consumption, production, process improvements and new facilities. Although the results showed unstable fluctuations from Divisia index decomposition analysis, it was verified that the entire procedure can provide a clue in understanding of the industry's energy and GHG footprint.

The Analysis on the Relationship between R&D Productivity of Renewable Energy and Emission Trading Scheme; Using OECD Patent Data (신재생에너지의 R&D 생산성과 배출권거래제의 연관관계 분석: OECD 특허데이터를 중심으로)

  • Kim, Suyi
    • Environmental and Resource Economics Review
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    • v.22 no.1
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    • pp.53-76
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    • 2013
  • This paper analyzed on the relationship between R&D productivity of renewable energy and the Emissions Trading Scheme using OECD's country-specific patents and R & D input data. We empirically tested whether this R & D productivity has been substantially improved before and after the implementation of the emissions trading scheme and whether emission trading scheme has been promoted technology progress of renewable energy. Analytical methods used in this study, Negative Binomial Models which was proposed by Hausman et al. (1984). According to the results of this analysis, the R & D productivity of renewable energy was improved by emissions trading scheme, which was statistically significant at the 99% confidence interval [CI]. The R&D productivity of renewable energy was higher in Annex I countries. This research is significant in that R&D productivity was analyzed in associated with the emission trading scheme rather than it was analyzed by simply comparing R&D productivity.

Detergency of PET Film Having Various Surface Free Energy : Part II The Work of Detergency and the Washability of Triolein from MAA Grafted PET Film (Polyethylene terephthalate 필름의 표면에너지 변화에 따른 세척성(제이보) MAA그라프트 PET필름에서 triolein의 세척일과 세척성)

  • Chung Hae-Won;Kim Sung-Reon
    • Journal of the Korean Society of Clothing and Textiles
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    • v.12 no.2 s.27
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    • pp.225-235
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    • 1988
  • The effects of surface free energy of substrates on the soiling and on the detergency of the oily soil were studied. The surface tension consisted of dispersion force and polar force components of substrate, oily soil and surfactant solutions were calculated by extended Fowkes' equation. From these values, work of adhesion($W_a$), work of detergency($W_D$), ana residual work of detergency($W_{D,R}$) were calculated. The correlations between these theoretical values of the works and detergency were discussed. MAA grafted PET film was used as substrate, triolein as oily soil and nonylphenol polyoxyethylene ether(NPE) having various mole numbers of oxyethylene adducts and dodecylbenzene sulfonate (DBS) as surfactants. Detergency was estimated by means of radioactive tracer method using $C^{14}-triolein$. The results showed that $W_a$ was decreased with the increase of surface free energy of substrate. In water, $W_D\;and\;W_{D,R}$ were decreased and detergency of tiolein was increased with the increase of surface free energy of substrate. In surfactant solutions, the lower the surface free energy of substrate and the lower oxyethylene adducts of NPE were the more effective on detergency. The detergency of DBS solution was the lowest in the case of ungrafted PET film, but even small increase in surface free energy by grafting showed much increase in detergency.

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A Study on Nutritional Evaluation of Foods in School Cafeteria for Teachers and Its Relation to Daily Energy Expenditure of Teachers (In Junior and Senior High School in Incheon) (교사들을 위한 학교 구내식당의 식단에 대한 영양평가 및 교사의 활동량에 관한 연구 - 인천 시내 중.고등학교를 중심으로 -)

  • 이건희
    • Journal of the Korean Home Economics Association
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    • v.24 no.3
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    • pp.69-78
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    • 1986
  • Meals served in school cafeteria for teachers were evaluated in terms of calorie and nutrient level and food composition. Daily energy expenditure of teachers was compared with caloric content of the meal. The followings are results of the study. 1) Twelve different foodstuffs were used in each meal of school cafeteria for teachers. The average amount of food served meal was 396.0g. The ratio of animal food to total food served was 13.2%. The meal was consisted of 44.8% of basic food group 4, 34.7% of basic food group 3, 19.3% of basic food group 1, 0.4% of basic food group 2 and 0.9% of basic food group 5. 2) The average caloric content of the meal was 629.9Kcal. The caloric ratio of carbohydrate, protein and fat to total calorie was 72.4% : 15.3% : 12.3% respectively. The ratio of animal protein to total protein was 43.2%. In meals of school cafeteria, the level o fall nutrients except iron and niacin was lower than RDA for male, whereas the level of all nutrients except protein and niacin was lower than RDA for female. 3) The average daily energy expenditures of teachers were 2,017.2Kcal for male and 1,735.3Kcal for female. The meal in school cafeteria supplied 93.7% of daily energy expenditure of male teachers and 110.0% of daily energy expenditure of female teachers. When planning meals in school cafeteria, recommended allowance, actual energy expenditure and food preference of teachers should be considered to improve the quality of meals. Also it seems desirable to give teachers the nutritional education for taking balanced diet.

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Economic Feasibility Study of the Life Extension by Reactor Type of Nuclear Power Plant in Korea (우리나라 원자력발전의 노형을 고려한 계속운전의 경제성 비교 연구)

  • Cho, Sungjin;Kim, Yoon Kyung
    • Environmental and Resource Economics Review
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    • v.27 no.2
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    • pp.261-286
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    • 2018
  • This paper evaluated the economic feasibility of the life extension of Kori unit 1 and Wolsong unit 1 according to the types of the nuclear power plants (NPPs) and the life extension period comparing to the levelized costs of energy (LCOE) of the new NPPs, coal-fired plants (CFPs), and combined cycle gas turbine (CCGTs) which proposed in the $7^{th}$ Basic Plan for Electricity Supply and Demand. The economic feasibility of the life extension of NPPs using LCOE method is affected by the types of NPPs, lifetime extension periods, discount rate, and capacity factor. According to the analysis results, the pressurized light water reactor (PWR) is more economical than the pressurized heavy water reactor (PHWR). Comparing the economical efficiency between the life extension of NPPs and other alternatives, the operation of the PWR for 20 years is more economical than the one of new NPPs and CFPs. However, 20 years of life extension of PHWR is more economical than the CCGTs, but less economical than new NPPs and CFPs. In summary, the 20 years of life extension of the NPPs seems to be more, especially for the PWR, which is more cost effective than other generation alternatives. Therefore, the government policy of the life extension of NPPs need to be a selective approach that simultaneously considers both safety and economics rather than closing all NPPs.

The Effect of EU-ETS Introduction on the Determinants of Electricity Net Export Connected Power Grid in Europe (유럽의 탄소배출권 거래시장 도입에 따른 연결계통국가들의 전력 순수출 결정요인 변화 분석)

  • Yoon, Kyungsoo;Park, Changsoo;Cho, Sungbong
    • Environmental and Resource Economics Review
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    • v.28 no.3
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    • pp.385-413
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    • 2019
  • This study examines the determinants of net export of electricity among 30 European countries sharing electricity grid during the period of 1990~2014 by separating the sample period before and after 2005 in which ETS was introduced in Europe. The empirical method used in this study is generalize least squared one considering both heterogeneous and serial correlation in the balanced panel data. According to the empirical results, after 2005 introducing the ETS, holing energy resources, concentrating only on few electricity generation resources, and nuclear electricity generation had played more important role in net export of electricity, while renewable energy had negative effect on net export of electricity and coal and gas generation have no effect on net export after introduction of ETS in Europe probably because of high environmental cost. The policy implication of the results would be that reconsidering each country's optimal generation mix strategy and its role in case freely trading electricity.

An Empirical Analysis of the Effect of Energy Saving Investment on the Improvement of Energy Intensity in Korean Manufacturing (한국 제조업에 대한 에너지절약 투자의 에너지 원단위 개선효과 분석)

  • Park, Changsuh;Yoo, Dongheon
    • Environmental and Resource Economics Review
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    • v.16 no.3
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    • pp.485-510
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    • 2007
  • The purpose of this paper is to empirically analyze the economic effect of energy saving investment on the improvement of energy intensity. The data used in this paper are panel data, both time-series and cross-section data. In addition, eight manufacturing sectors has been divided into two groups: massive energy consuming (four industries) and non-massive energy consuming (four industries) ones and the time period of analysis is from 1982 to 2004. According to the empirical results, firstly, energy saving investment has a negative relationship with energy intensity, however, its effect is not high in terms of absolute volume of energy consuming. Secondly, in improving energy intensity of energy saving investment, its elasticity IS higher in non-massive energy consuming sector compared it with massive energy consuming sector. Thirdly, automation investment is also playing an important role in energy conservation. The elasticities of automation investment to energy intensity are larger than those of energy saving investment. In terms of the reduction of greenhouse gas per investment unit cost, however, energy saving investment has larger effect than automation investment.

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