• Title/Summary/Keyword: Energy economics

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Economic Evaluation for Korea Type of 300 MW IGCC Demonstration Plant Technology Development Project (실물옵션을 활용한 한국형 300 MW급 IGCC 실증플랜트 기술개발사업의 경제성 분석)

  • Eom, Su-Jeong;Nam, Young-Sik
    • Journal of Climate Change Research
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    • v.3 no.4
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    • pp.271-280
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    • 2012
  • The study aims to analyze economic viability of Integrated Gasification Combined Cycle, an innovative technology to utilize clean coal effectively and efficiently in the era of energy crisis. The study is conducted to evaluate business value of 300 MW IGCC demonstration plant technology development based on binomial option, in consideration of uncertainty of fuel price. Binomial option is one of the real option valuation methods, which is ideally suited to irreversible decision making under uncertainty. With this analysis, it shows that investment value is higher compared with economic evaluation based on discounted cash flow, since this method can measure quantity. As a result, this study is proved to be economically feasible, which have a positive impact on the next generation of IGCC and the connection with Carbon Capture and Storage.

A Study on the 1955 to 1962 China's Policies toward Africa Region -focusing on the Bandung Conference and the Afro-Asian People's Solidarity - (1955-1962 기간의 중국 대외정책에 관한 연구 - 반둥회의와 아시아-아프리카 인민연대회의를 중심으로 -)

  • Kim, Dong Hwan
    • International Area Studies Review
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    • v.13 no.3
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    • pp.873-896
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    • 2009
  • China's the resource diplomacy towards Africa as successful results that are difficult to find precedents even within the world's diplomatic community. These results was after having its first diplomatic contact with Africa, during the Bandung Conference of 1955, China supported the armed independence movement of each colony in Africa. These several material and immaterial ad and sacrifice continued for over half a century and they could be see as the products of the Cold War that was created. The importance of the argument, how did and international relation that began as an idea extend into the spheres of politics and economics, has resurfaced. With this objective, the purpose of this research is to understand the initial stages of Chinese versus African policies that started with the first official contact between China and Africa, centered on the 1995 Bandung Conference and the 1957 Afro-Asian People's Solidarity and Study the development of the ensuing relationship.

Analysis of CO2 Reduction effected by GHG·Energy Target Management System (TMS) and Korea Emissions Trading Scheme (ETS) (온실가스·에너지 목표관리제 및 배출권거래제 대상 기업의 명세서를 이용한 온실가스 감축 실적 분석)

  • Lee, Serim;Cho, Yongsung;Lee, Sue Kyoung
    • Journal of Climate Change Research
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    • v.8 no.3
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    • pp.221-230
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    • 2017
  • There are two main policies to meet the national goal of reducing Greenhouse Gases (GHGs) emissions in Korea towards Paris Agreement. From 2012 to 2014, Target Management System (TMS) was operated and the Emissions Trading Scheme (ETS) has been established since 2015. To compare the impact of TMS and ETS on reducing GHGs, we collected annual GHGs emission reports submitted by individual business entities, and normalized them using a z-variant normalized function. In order to evaluate the impact of those policies, we calculated the amount of GHGs emissions of 73 business entities from 15 business sectors. Those entities emitted $508million\;CO_2eq$, which is 74% of total national GHGs emissions in 2014. The main results of analysis indicate that accumulated GHGs emissions during the period 2012 to 2014 affected by TMS was higher than the national goal of GHGs emission reduction, and only the GHGs emissions in 2014 were in the range of allowed GHGs emissions, set by the Government. In 2015, when ETS initiated, total GHGs emission trading was $4.84million\;tCO_2eq$, which is only 0.9% of total allowance in 2015. However, more than 50% of business entities, who got the allowance of GHGs emission given by the Government, met the goal of GHGs emissions. Particularly, 27 of 73 business entities reduced GHGs more under the ETS rather than the TMS. Even though we analyzed only 4 years' data to demonstrate the impact of TMS and ETS, it is expected to commit the national goal of GHGs reduction target by TMS and ETS.

Analyzing the Potential of Offset Credits in the Korean Emission Trading Scheme Focusing on Clean Development Mechanism Projects (CDM사업을 대상으로 한 국내 온실가스 상쇄배출권의 잠재량 산정 및 정책 제언)

  • Kim, Woori;Son, Yowhan;Lee, Woo-Kyun;Cho, Yongsung
    • Journal of Climate Change Research
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    • v.9 no.4
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    • pp.453-460
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    • 2018
  • The purpose of this study is to analyze the potential quantity of Korean Offset Credits (KOC) resulting from Certified Emission Reductions (CER) in 98 domestic Clean Development Mechanism (CDM) projects that were registered with the United Nations Framework Convention on Climate Change (UNFCCC) as of the end of 2016. Our results show that the total amount of potential KOC is 62,774 kt CO2eq. The potential KOC is only 23.4% of the total CER Issuance. During the first phase, this will be 3.2% of the allocated volume. This is because many projects are related to Renewable Portfolio Standard (RPS), HFC-23, and adipic acid N2O. There is a strong bias in some sectors and projects which could act as market distortion factors. Therefore, it is necessary to expand the target CDM project and activate non CDM offset projects. RPS projects bring fundamental changes to the energy sector, and it is worth reconsidering their acceptability. A wide variety of policy incentives are needed to address strong biases toward certain sectors and projects. The offset scheme has the advantage of allowing entities to reduce their GHG emissions cost effectively through a market mechanism as well as enabling more entities to participate in GHG reduction efforts both directly and indirectly. In contrast, having an inadequate offset scheme range and size might decrease the effort on GHG reduction or concentrate available resources on specific projects. As such, it is of paramount importance to design and operate the offset scheme in such a way that it reflects the situation of the country.

Comparative Analysis of the 2030 GHG Reduction Target for Eleven Major Countries and Its Implications (주요국의 2030 온실가스 감축목표에 대한 비교분석과 시사점)

  • Oh, Jin-Gyu
    • 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.

Exploring the Applicability of the Appropriate Technology as a Means Endogenous Development of Rural Areas - Focused on Yeonggwang-gun in Jeollanam-do - (내생적 농촌지역발전 수단으로서의 적정기술 적용 가능성 탐색 - 전남 영광군을 사례로 -)

  • Ko, Kyungho;Ann, Byeong-il
    • Journal of Korean Society of Rural Planning
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    • v.25 no.3
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    • pp.45-57
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    • 2019
  • This study aims to explore the policy directions to apply and activate the appropriate technology in rural areas from the perspective of the endogenous and sustainable regional development theories. To this end, according to the analysis framework based on ideas, values, and strategies that are common to both endogenous regional development strategic theories and sustainable regional development theories, in this paper, various surveys and reviews were conducted on the study areas to explore the possibility of localization of the appropriate technology. The policy implications derived from research results are as follows; first, rural areas have high potential and scalability to apply and activate the appropriate technology, particularly in the field of renewable energy, due to their nature based on local resources. Second, for the practical application of the appropriate technology, first of all, together with the establishment of the role of public sector, it is necessary to plan the projects based on the cooperation network of the relevant innovation entities within and outside the regions and to build the implementation systems. Third, the training system for high skilled manpower and indigenous entrepreneurs should be stably built in order to create independent conditions, which are key elements for growth of the appropriate technology. Fourth, there is a need to find the market and establish policies that can solve the typical economic problems of rural areas such as aging population, depopulation and decline in youth, economic unrest. Fifth, in order for the appropriate technology to contribute to socio-economic innovations and the revitalization of the virtuous circle economy in the region, technical items and various business items suitable for the industrial infrastructures and autonomous conditions of rural areas are essential.

A Case Study of Sandplay Therapy for a Boy in an Elementary School with Social and Emotional Difficulties (사회성과 정서에 어려움이 있는 초등학생 남아의 모래놀이치료 사례연구)

  • Kim, Shin Hwa;Sim, Hee-og
    • Human Ecology Research
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    • v.56 no.6
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    • pp.589-601
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    • 2018
  • This study explored the internal world through sandplay therapy for an elementary school boy who had social and emotional difficulties of poor peer relations, anxiety and withdrawal. This study examined the changing processes of sandboxes, how a boy expressed his internal world by the content themes in sandplay according to Turner (2009) based on analytical psychology and sandplay theories. There were 72 sessions. The initial phase was 1-6 (The beginning of war) expressing confusing wars as the start of a long internal journey. The intermediate phase was 7-55 (Struggle), dividing by phase I 7-18 (Hero's fight I), phase II 19-36 (Hero's fight II), phase III 37-48 (Seeking for a male identity), and phase IV 49-55 (Centering). The client identified himself as a teenaged hero and expressed the conflict between good and bad, between death and rebirth and struggled for seeking treasures in the fight of heroes. He found identity as a male by finding a sense of existence, establishing order in the middle of confusion, and expressing strong and rational masculinity. The final phase was 56-72 (The winner of the struggle). In the fights repeating, he expressed an adventurous and positive male energy such as racing, speed contests and a union in the opposites of hero and heroine as well as the birth of a new conscious. This study provides a basic knowledge of educational guidance in school and counseling fields by expanding the understanding of a boy's unconsciousness.

Using the Health Belief Model to Assess Graduate Emotional Wellness: An Empirical Study from Malaysia

  • DAUD, Salina;WAN HANAFI, Wan Noordiana;SOHAIL, M. Sadiq;WAN ABDULLAH, Wan Mohammad Taufik;AHMAD, Nurul Nadiah
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.8
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    • pp.19-27
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    • 2022
  • Graduate well-being is foundational to academic success, and they are becoming more and more vulnerable. This is as they suffer from mental health challenges like anxiety and depression at rates six times higher than the general population. When the nature of their educational experience changes, such as when they had to stay in their homes during the COVID-19 pandemic, the stress on their mental health increases. The number of cases of emotional wellness among university students is considered a public health problem, but these young people often do not seek appropriate treatment. This study, therefore, aims to identify the influence of health behavior factors on graduate emotional wellness. This study used a questionnaire with a cross-sectional survey design. Questionnaires were distributed online to graduates from selected Private and Public Higher Education Institutions in Malaysia. The Partial Least Square Equation Model (PLS-SEM) was used to analyze the results of the study. Overall findings indicate that the health behavior factors have a significant influence on graduate emotional wellness. The findings from this study will benefit the management, academics, counselors, and other entities, including the Students' Representative Council, in identifying ways to improve services and upgrade the necessary facilities to enhance the graduate's emotional wellness.

Hybrid adaptive neuro fuzzy inference system for optimization mechanical behaviors of nanocomposite reinforced concrete

  • Huang, Yong;Wu, Shengbin
    • Advances in nano research
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    • v.12 no.5
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    • pp.515-527
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    • 2022
  • The application of fibers in concrete obviously enhances the properties of concrete, also the application of natural fibers in concrete is raising due to the availability, low cost and environmentally friendly. Besides, predicting the mechanical properties of concrete in general and shear strength in particular is highly significant in concrete mixture with fiber nanocomposite reinforced concrete (FRC) in construction projects. Despite numerous studies in shear strength, determining this strength still needs more investigations. In this research, Adaptive Neuro-Fuzzy Inference System (ANFIS) have been employed to determine the strength of reinforced concrete with fiber. 180 empirical data were gathered from reliable literature to develop the methods. Models were developed, validated and their statistical results were compared through the root mean squared error (RMSE), determination coefficient (R2), mean absolute error (MAE) and Pearson correlation coefficient (r). Comparing the RMSE of PSO (0.8859) and ANFIS (0.6047) have emphasized the significant role of structural parameters on the shear strength of concrete, also effective depth, web width, and a clear depth rate are essential parameters in modeling the shear capacity of FRC. Considering the accuracy of our models in determining the shear strength of FRC, the outcomes have shown that the R2 values of PSO (0.7487) was better than ANFIS (2.4048). Thus, in this research, PSO has demonstrated better performance than ANFIS in predicting the shear strength of FRC in case of accuracy and the least error ratio. Thus, PSO could be applied as a proper tool to maximum accuracy predict the shear strength of FRC.

Synergistic bond properties of new steel fibers with rounded-end from carbon nanotubes reinforced ultra-high performance concrete matrix

  • Nguyen Dinh Trung;Dinh Tran Ngoc Huy;Dmitry Olegovich Bokov;Maria Jade Catalan Opulencia;Fahad Alsaikhan;Irfan Ahmad;Guljakhan Karlibaeva
    • Advances in nano research
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    • v.14 no.4
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    • pp.363-373
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    • 2023
  • A novel type of steel fiber with a rounded-end shape is presented to improve the bonding behavior of fibers with Carbon Nanotubes (CNT)-reinforced Ultra-High Performance Concrete (UHPC) matrix. For this purpose, by performing a parametric study and using the nonlinear finite element method, the impact of geometric characteristics of the fiber end on its bonding behavior with UHPC has been studied. The cohesive zone model investigates the interface between the fibers and the cement matrix. The mechanical properties of the cohesive zone model are determined by calibrating the finite element results and the experimental fiber pull-out test. Also, the results are evaluated with the straight steel fibers outcomes. Using the novel presented fibers, the bond strength has significantly improved compared to the straight steel fibers. The new proposed fibers increase bond strength by 1.1 times for the same diameter of fibers. By creating fillet at the contact area between the rounded end and the fiber, bond strength is significantly improved, the maximum fiber capacity is reachable, and the pull-out occurs in the form of fracture and tearing of the fibers, which is the most desirable bonding mode for fibers. This also improves the energy absorbed by the fibers and is 4.4 times more than the corresponding straight fibers.