• Environmental and Resource Economics Review
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• v.20 no.2
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• pp.167-198
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• 2011

The Korean government recently announced greenhouse gases (GHG) emissions reduction target as 30% of 2020 business as usual (BAU) emission projection. As carbon emissions trading is widely used to achieve reductions in the emissions of pollutants, this study deals with the sectoral allocation of initial carbon emission permits in Korea. This research tests the effectiveness of a variety of allocation rules based on the bankruptcy problem in cooperative game theory and hybrid input-output tables which combines environmental statistics with input-output tables. The impact of initial emission permits allocation on economic growth is also analyzed through green growth accounting. According to the analysis result, annual GDP growth rate of Korea is expected to be 4.03%, 4.23%, and 3.67% under Proportional, Constrained Equal Awards, and Constrained Equal Losses rules, respectively. These rates are approximately from 0.69% points to 0.13% points lower than the growth rate of 4.36% without compulsory $CO_2$ reduction. Thus, CEA rule is the most favorable in terms of GDP growth. This study confirms the importance of industry level study on the carbon reduction plan and initial carbon emission permits should reflect the characteristic of each industry.

• 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.

• Resources Recycling
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• v.32 no.3
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• pp.45-56
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• 2023

This study analyzed the economic and environmental effect of recycling rhodium used in the non-catalytic field. As an analysis methodology, economic effect analysis applied cost-benefit analysis and resource-saving effect analysis and the environmental effect analysis applied life cycle assessment (LCA). The results show that from an economic point of view, the cost-benefit ratio was 1.28, which was feasible, and the cost reduction was 237,000 won based on 1 g of rhodium recycled and the amount of rhodium recycled was 7.17 billion won in 2025. As for the environmental effect, the greenhouse gas(GHG) emissions were compared between the case of recycling based on rhodium 1 kg and the case of overseas sales. The calculation results show that based on rhodium 1 kg, greenhouse gas emissions were reduced by 99.8%, from 65 kg CO₂eq./kg-Rh when recycling to 28,800 kg CO₂eq. when sold overseas. The results obtained from this study could suggest that rhodium recycling is necessary in Korea where resources are scarce by analyzing the economic and environmental effect of recycling rhodium used in the non-catalytic field.

• KEPCO Journal on Electric Power and Energy
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• v.4 no.1
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• pp.33-38
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• 2018

This study applied upgrades to the processes of a 10 MW wet amine $CO_2$ capture pilot plant and conducted performance evaluation. The 10 MW $CO_2$ Capture Pilot Plant is a facility that applies 1/50 of the combustion flue gas produced from a 500 MW coal-fired power plant, and is capable of capturing up to 200 tons of $CO_2$. This study aimed to quantitatively measure efficiency improvements of post-combustion $CO_2$ capture facilities resulting from process upgrades to propose reliable data for the first time in Korea. The key components of the process upgrades involve absorber intercooling, lean/rich amine exchanger efficiency improvements, reboiler steam TVR (Thermal Vapor Recompression), and lean amine MVR (Mechanical Vapor Recompression). The components were sequentially applied to test the energy reduction effect of each component. In addition, the performance evaluation was conducted with the absorber $CO_2$ removal efficiency maintained at the performance evaluation standard value proposed by the IEA-GHG ($CO_2$ removal rate: 90%). The absorbent used in the study was the highly efficient KoSol-5 that was developed by KEPCO (Korea Electric Power Corporation). From the performance evaluation results, it was found that the steam consumption (regeneration energy) for the regeneration of the absorbent decreased by $0.38GJ/tonCO_2$ after applying the process upgrades: from $2.93GJ/ton\;CO_2$ to $2.55GJ/tonCO_2$. This study confirmed the excellent performance of the post-combustion wet $CO_2$ capture process developed by KEPCO Research Institute (KEPRI) within KEPCO, and the process upgrades validated in this study are expected to substantially reduce $CO_2$ capture costs when applied in demonstration $CO_2$ capture plants.

• Journal of Energy Engineering
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• v.21 no.1
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• pp.33-42
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• 2012

In this study, long-term greenhouse gas reductions expected passenger sector was used for the MESSAGE. Green Car road map proposed BAU scenario, Enhanced diffusion green car scenario, and price 1, 2 scenarios was configured with four scenarios. Enhanced diffusion green car in the scenario, in 2050 compared to BAU scenario 13% of the emissions will decrease. Price 1 and Price 2 scenario is emissions reduction of 14% compared to BAU. This study consists of six chapters. Introduction of MESSAGE, creation and RES in the year and the target year set a different base line and the passenger building materials sector activities, steps for passenger sector scenario and Based on the results of running the emissions reductions were to describe.

• Transactions of the KSME C: Technology and Education
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• v.1 no.1
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• pp.123-128
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• 2013

Carbon dioxide Capture and Storage (CCS) is one of the key players in greenhouse gas (GHG) reduction portfolio for mitigating climate change. CCS makes it possible not only to reduce a huge amount of carbon dioxide directly from coal power plant but also to maintain the carbon concentrated-energy infrastructure. The objective of the present paper is to review and introduce R&D progress and large scale demonstration plan focused on marine geological storage in Republic of Korea.

• Journal of Environmental Impact Assessment
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• v.16 no.4
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• pp.277-283
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• 2007

Since the Kyoto Protocol became into effect, Korea has been expected to be part of the Annex I countries performing the duty of GHG reduction in the phase of post-Kyoto. Therefore, it is necessary to develop emission factors appropriate to Korean circumstances. In order to develop emission factors this study utilized the CleanSYS, which is the real-time monitoring system for industrial smoke stacks to calculate the emission rate of $CO_2$ continuously. In this study, the main focus was on the power generation plants emitting the largest amount of $CO_2$ among the sectors of fossil fuel combustion. Also, an examination on the comparison of $CO_2$ emission was made among 3 generation plants using the different types of fuels such as bituminous coal and LNG; one for coal and others for LNG. The $CO_2$ concentration of the coal fired plant showed Ave. 13.85 %(10,384 ton/day). The LNG fired plants showed 3.16 %(1,031 ton/day) and 3.19 %(1,209 ton/day), respectably. Consequently, by calculating the emission factors using the above results, it was found that the bituminous coal fired power plant had the $CO_2$ emission factor average of 88,726 kg/TJ, and the LNG fired power plants had the $CO_2$ average emission factors of 56,971 kg/TJ and 55,012 kg/TJ respectably which were similar to the IPCC emission factor.

• Journal of Navigation and Port Research
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• v.40 no.4
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• pp.165-171
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• 2016

SEEMP (Ship Energy Efficiency Management Plan) has entered into force since 2013 for the reduction of GHG emission of operating ships. SEEMP guidelines include the hardware modification or installation of energy-saving device on ship. It also includes software based energy-saving technology such as optimum routing, speed optimization, etc. Hardware based technologies are not easy to apply to ongoing vessel due to the operational restriction. Therefore, IT based energy-saving technology was applied and its energy efficiency was evaluated using before and after energy-saving system applied voyage data. SEEMP advises a voluntary participation of EEOI (Ship Energy Efficiency Operation Indicator) use as an indicator of ship energy efficiency operation, and those results were also shown to evaluate the improvement efficiency of energy-saving system.

• Journal of Digital Convergence
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• v.16 no.4
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• pp.87-94
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• 2018

Intelligent transportation systems are one of the most important new forms of infrastructure on domestic roads, and is a system that makes possible the most efficient movement of vehicles on a road. The High Pass system, which is a domestic intelligent transportation system, started a little later than in other countries but developed at a rapid pace. With the recent introduction of smart tolling technology, it provided an opportunity to stop and review the tolling system. This study aims to investigate the driving method and results of LDCC for domestic smart towing through case study. Unlike other companies, Lotte Data Communication Company has long invested in payment systems. It has little experience investing in infrastructure, but participated in the Smart Toll System at the Gwangan Bridge in cooperation with the Busan City government, to lead the development of intelligent transportation systems. LDCC, which has made new investments, not only exceeded its existing core competencies, but also upgraded Korea's tolling system's ability to reduce greenhouse gas emissions and improved its financial performance.

• Journal of Environmental Impact Assessment
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• v.22 no.5
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• pp.439-454
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• 2013

UN-REDD (United Nations programme on Reducing Emissions from Deforestation and forest Degradation) is currently being emerged as one of important mechanism to reduce carbon dioxide in relation to the deforestation. Although administrative boundary has already gained world-wide recognition as a typical method of monitoring unit in the process of GHG (Greenhouse Gas) reduction project, this approach did not provide a realistic evidence in the carbon sequestering monitoring in terms of UN-REDD; the meaningful comparison of land use patterns among watershed boundaries, interpretation for distribution trends of carbon density, calculation of opportunity cost, leakage management, etc. This research proposes a comparative evaluation framework in a more objective and quantitative way for carbon sequestering monitoring between administrative and watershed boundary approaches. Mt. Geumgang of North Korea was selected as a survey objective and an exhaustive and realistic comparison of carbon sequestration between the two approaches was conducted, based on change detection using TM satellite images. It was possible for drainage boundary approach to identify more detailed area-wide patterns of carbon distribution than traditional administrative one, such as estimations of state and trends, including historical trends, of land use / land cover and carbon density in the Mt. Geumgang. The distinctive changing trends in terms of carbon sequestration were specifically identified over the watershed boundary from 4.0% to 34.8% while less than 1% difference was observed in the administrative boundaries, which were resulting in almost 21-22%. It is anticipated that this research output could be used as a valuable reference to support more scientific and objective decision-making in introducing watershed boundary as carbon sequestering monitoring unit.