• Title/Summary/Keyword: Korean Emissions Trading System

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Estimation of CO2 Emission and Emission Cost Function of Thermal Power Plants and Application to 5-Bus Sample Power System (화력발전소의 CO2 배출량 및 배출비용 함수산정과 5모선 전력계통 적용사례)

  • Lee, Sang-Joong
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.22 no.4
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    • pp.13-18
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    • 2008
  • The global warming due to greenhouse gases is now the hottest issue all over the world. The world has been under $CO_2$ war since the Kyoto Protocol was opened for signature on December 11, 1997 in Kyoto, Japan. The Kyoto Protocol now covers more than 164 countries globally as of July 2006. Countries that ratify this protocol commit to reduce their $CO_2$ emissions, or engage in emissions trading. Korea is also expected to obey the Protocol starting in 2013, which will give a serious shock especially to the electric power industry. The power plants burning the fossil fuel produce more than 20 percent of national total $CO_2$ emission. This paper resents the calculation of the amount and cost of $CO_2$ emission w.r.t. generator MW output and its application to power system operation. The $CO_2$ emission function is derived using the input-output coefficients of the thermal power plants. The optimal power system operation considering $CO_2$ emission and its cost is demonstrated on a five-bus sample power system.

친환경 교통수단으로서 KTX의 역할과 기대

  • Bang Yeon-Geun
    • Journal of the Korean Society for Railway
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    • v.9 no.2 s.31
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    • pp.19-24
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    • 2006
  • Green gas emissions Trading System(ETS) came into effect in the Europe last year 2005. All transport modes have tried to reduce green gas emission and EU member countries are promoting the use of environmental friendly transport mode to avoid economic loss due to green gas emission. Besides ETS, rapidly rising of oil price and peak oil urge to invest more in the environmental friendly public transport mode and to discourage the use of private cars. The operation of KTX is estimated to bring external cost reduction up to 570 bil. won in 2004 based on European external unit costs of transport modes. This result implies that the expansion of high speed rail network and reconsideration of East-West high speed rail network which is not considered because of weak economic validity is required.

A suggestion on the incentive and penalty based on carbon tax scheme through EEOI results (EEOI 결과에 따른 탄소세 기반 격려금과 벌과금 부과 방안 제시)

  • Park, Go-Ryong;Cho, Kwon-Hae
    • Journal of Advanced Marine Engineering and Technology
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    • v.41 no.4
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    • pp.323-329
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    • 2017
  • Nowadays, considering global warming and enhanced prohibition to discharge pollutants at sea, all of existing operation-ships must lead to the reduction of fuel consumption. International standards of International Maritime Organization and EU rules governing harbor pollutants are being strengthened. Therefore, ship-owners and operators are seeking ways to reduce $CO_2$, SOx, and NOx emissions. Although world trade continues to expand, total fuel usage for sea transport tends to diminish. However, ICS(International Chamber of Shipping) has set a goal of reducing $CO_2$ emissions from shipping by 50% until 2050. In addition, with respect to the Paris Climate Change Accord in 2015, IMO proposes to set up a reduction target of GHG emission from existing operation-ships. For setting up a reduction target of GHG from international maritime transport, "A data collection system for fuel consumption" will be introduced in the near future. In order to effectively reduce the use of fuel in a ship in accordance with the trend of compulsory fuel saving from operation ships, this paper suggested adoption of an Incentive-Penalty scheme based on Emission-Trading-Scheme, Carbon Tax, and basic calculation formula after verifying the EEOI level for a year.

Estimation of the Shadow Price of Carbon Dioxide Emissions, the Potential Reduction, and Substitution Possibility for fuels in the Chinese Fossil-fueled Power Generation Sector (중국 화력발전산업의 CO2 암묵가격 및 잠재감축량, 연료에 대한 대체가능성 분석)

  • Jin, Yingmei;Lee, Myunghun
    • Environmental and Resource Economics Review
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    • v.22 no.1
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    • pp.77-98
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    • 2013
  • China, the world's largest $CO_2$ producer, is likely to be obligated to reduce greenhouse gas emissions under the post-Kyoto protocol. This paper estimates a Shephard input distance function for the Chinese fossil-fueled power generation sector to measure the shadow price of $CO_2$ emissions, technical efficiency, and indirect Morishima elasticities of substitution between inputs. Empirical results show that, on average, it costs approximately 3.2 US dollars per year to reduce $CO_2$ emissions by one ton over the period 1981-2009. This finding indicates that Chinese power sector is expected to benefit from selling emission permits to other countries such as Korea and Japan, given that our estimate for China is lower than the ones previous literatures estimated for the power sector in these countries. The maximum attainable average $CO_2$ reduction potential amounts to approximately 25 million tons per year by improving technical efficiency. Capital is substitutable with both coal and oil and capital is relatively more readily substituted for these fuels.

SO2 Emission Permits Tradable under Exchange Rates : U.S. Case (다수 거래비율하에서의 SO2 배출권 거래 : 미국 사례)

  • Hlasny, Vladimir
    • Environmental and Resource Economics Review
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    • v.20 no.4
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    • pp.689-733
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    • 2011
  • This study evaluates a novel scheme to trade sulfur dioxide emission permits subject to non-uniform rates. These rates are based on generators' marginal costs of compliance with environmental policy in a hypothesized least social-cost solution. This scheme is compared against the existing trading program used by the U.S. Environmental Protection Agency, featuring permits tradable one for one. Both policies are modeled to yield identical aggregate emissions. A numerical partial-equilibrium model of the U.S. energy industry is used to infer sulfur dioxide concentrations and health damages, as well as producer and consumer surplus, under the two policies. Regional pollution levels are found to vary across the two policies significantly. The system of exchange rates is estimated to outperform the uniform-trading scheme by $2.2 billion in industry profits and $2.1 billion in health damages, but to reduce consumer surplus by $6.7 billion. Paradoxically, exchange rates are thus estimated to lower total welfare by $2.5 billion. This is due to conceptual mechanism-design problems, as well as empirical issues.

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Biotechnology for the Mitigation of Methane Emission from Landfills (매립지의 메탄 배출 저감을 위한 생물공학기술)

  • Cho, Kyung-Suk;Ryu, Hee-Wook
    • Microbiology and Biotechnology Letters
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    • v.37 no.4
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    • pp.293-305
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    • 2009
  • Methane, as a greenhouse gas, is some 21~25 times more detrimental to the environmental than carbon dioxide. Landfills generally constitute the most important anthropogenic source, and methane emission from landfill was estimated as 35~73 Tg per year. Biological approaches using biocover (open system) and biofilter (closed system) can be a promising solution for older and/or smaller landfills where the methane production is too low for energy recovery or flaring and installation of a gas extraction system is inefficient. Methanotrophic bacteria, utilizing methane as a sole carbon and energy source, are responsible for the aerobic degradation (oxidation) of methane in the biological systems. Many bench-scale studies have demonstrated a high oxidation capacity in diverse filter bed materials such as soil, compost, earthworm cast and etc. Compost had been most often employed in the biological systems, and the methane oxidation rates in compost biocovers/boifilters ranged from 50 to $700\;g-CH_4\;m^{-2}\;d^{-1}$. Some preliminary field trials have showed the suitability of biocovers/biofilters for practical application and their satisfactory performance in mitigation methane emissions. Since the reduction of landfill methane emissions has been linked to carbon credits and trading schemes, the verified quantification of mitigated emissions through biocovers/biofilters is very important. Therefore, the assessment of in situ biocovers/biofilters performance should be standardized, and the reliable quantification methods of methane reduction is necessary.

Study on Estimation Methods of Life Cycle GHGs Emission for the Mine Reclamation Project (광해방지사업의 전과정 온실가스 배출량 산정방법에 대한 연구)

  • Kim, Soo-lo;Kwak, In-Ho;Wie, Dae-Hyung;Park, Kwang-ho;Baek, Seung-Han
    • Economic and Environmental Geology
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    • v.54 no.6
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    • pp.733-741
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    • 2021
  • Globally, in accordance with the goals set forth in the 2015 Paris Climate Agreement, each country has established and declared a reduction target for carbon neutrality by 2050. The roadmaps for establishing long-term greenhouse gas emissions development strategies and setting reduction targets have been announced. As the international community accelerates the transition to the net-zero society, 128 countries have declared net-zero by the end of 2020, and the net-zero declaration continues to expand around G20 member states. In December 2020, Korea announced the "2050 Net-zero Strategy" to establish a foundation for simultaneously achieving carbon reduction, economic growth, and improved quality of life for the people through active response to the net-zero, and pursuing policy tasks in stages to do this. Comprehensive carbon management is insufficient due to the lack of comprehensive carbon management due to the departure from the areas of mandatory reduction, such as the GHG energy target management system and the GHG emissions trading offset system implemented to reduce greenhouse gases in Korea. Currently, there is no cases for estimation or calculation of carbon dioxide emissions for the Mine Reclamation projects. It is reviewed the standard methods proposed by domestic and foreign carbon emission calculation methods and proposed appropriate carbon emission estimation methods for the Mine Reclamation projects in this study.

Energy Storage System Model for Facility Plan Connected with Solar and Wind Power Plant (태양광/풍력 연계 기반의 에너지저장장치 설비계획 모델링)

  • Lee, Yong-Bong;Kim, Jeong-Ho
    • Journal of IKEEE
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    • v.19 no.3
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    • pp.295-303
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    • 2015
  • Considering to Energy Storage System (ESS) is a global trend In order to reduce global warming and carbon emissions. South Korea has announced various policies to vitalize the development and uptake of renewable energy. South Korea is planning the cumulative capacity of ESS of two million kW in 2020. According to the government support and development of technology companies, the battery of ESS prices are expected to fall gradually. In this paper, we develop a planning model that take into account the supply expansion of technology of ESS and prices. Based on planning model, we analyze the cost of ESS linked with wind power and the revenue for trading electricity and renewable energy certifications.

Investigation of N2O Emission and Reduction Effect from MSW Incineration Plant (도시고형폐기물 소각시설에서 발생하는 N2O 발생량 조사 및 저감효과에 관한 연구)

  • Song, Hyun-Ok;Ko, Jae-Churl;Choi, Sang-Hyun;Kim, Duk-Hyun
    • Journal of Korean Society of Environmental Engineers
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    • v.39 no.12
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    • pp.672-678
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    • 2017
  • In this study, municipal solid waste (MSW) has collected 3 times and physico-chemical analysis has done. Nitrous oxide emissions from MSW incineration plant were measured continuously by EPA Method 18 and it was compared with the emission by calculation using the emission factor. The $N_2O$ emission of MSW incineration plant was more than twice as large as the emission by calculation. It was found that the installation of abatement facilities in MSW incineration plant is effective in achieving the greenhouse reduction targets and it can be ensure economical efficiency through emission trading system.

A Study on Countermeasures of Electronic Component Industry according to Korean Emission Trading Scheme Enforcement (국내 배출권거래제 시행에 따른 전자부품산업 대응방안 연구)

  • Choi, Eun Kyung;Lim, Hoseon;Lee, Min Young;Shin, Seung-chol
    • Journal of Climate Change Research
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    • v.5 no.4
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    • pp.331-338
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    • 2014
  • The continued efforts to reduce GHG emission by international cooperation and each country are in progress. As part of these efforts, Korea's ETS is enforced in 2015. This was the time to make strategies for each company to respond Korea's ETS. This study was performed to suggest a draft of basic strategies for electronic component industry in current Korea's ETS stage are as follows; - Analyzing the nature of electronic component industry - Identifying needs for corresponding ETS of electronic component industry - Analyzing basic countermeasures for each stage of ETS - Suggesting drafts of basic strategies for electronic component industry in current Korea's ETS stage The result of this study, the current stage of Korea's ETS is moving from implementation of the scheme become determined and prepare the minimum corresponding to direct corresponding to the regulation and market change. Electronic component industry has many GHG emission growth(or change) factor, and it will be make electronic component industry as a buyer when Korea's ETS is enforced. Korea's ETS will be clearly act as a regulation rather than new business for electronic component industry. Therefore, identifying the Korea's ETS as a regulation is resonable strategy for corresponding the scheme. The basic strategies of electronic component industry th responding Korea's ETS are as follows; - Building internal organization and decision-making system before enforcement the Korea's ETS - Establishing internal basic corresponding strategies according to carbon price forecast scenarios - Considering the energy consumption and GHG emissions in design phase and preparing the global ETS market in mid or long term.