• Journal of Korean Society of Forest Science
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• 제111권1호
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• pp.177-185
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• 2022

In this study, the economic feasibility of a local energy facility that uses forest biomass as an energy source was assessed. We analyzed profitability using data from the Forest Energy Self-sufficient Village Project financed by the Korea Forest Service. The energy facility has a cogeneration generator and wood chip boiler. Wood chip, which has lower heat value and is cheaper than wood pellets, is used as fuel. Revenue comes from the sale of electricity, heat, and renewable energy certificates. Additionally, we considered the sale of carbon credits as substitutes for fossil fuels. The expenditure consists of fuel costs and fixed costs, and the initial investment is treated as a sunk cost. Under the condition of a 55% operation rate and wood chip price of 95,000 KRW per ton, the annual net revenue is positive. Crucial factors for managing the facility sustainably are operation rate and fuel cost. A simulation in which two factors were changed showed that the annual net revenue is negative with a 50% operation rate and 100,000 KRW per ton of wood chip price. To improve net revenue, an increase in the operation rate or a decrease in the wood chip price is required. Additionally, selling carbon credits will make the operation of the facility more profitable. Furthermore, the payment required to procure wood chips could contribute to the rural economy. To foster the use of forest biomass for energy, the price for heat supplied from renewable energy sources should be subsidized.

• Korean Journal of Environment and Ecology
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• 제28권2호
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• pp.171-181
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• 2014

This study was performed to prevent deforestation and forest degradation and vitalize REDD+ program through suitable site analysis at the 16 districts of South Korea. For this, we worked out profit potential, opportunity cost, carbon credits through making it use of conception of the Forest Carbon Index. As a results, Gyeonggi-do, Incheon Metropolitan City, Seoul Metropolitan Government, Daegu Metropolitan City, Gwangwon-do included in the top 5 among the 16 districts of South Korea. In case of Gyeonggi-do as best suitable site, reduction of carbon emission was best high due to reduction area of deforestation. And profit potential was also high in accordance with practice of REDD+ program. Furthermore, we proposed four plans to activate REDD+ program in South Korea on the basis of the results.

• Journal of Korean Society of Industrial and Systems Engineering
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• 제42권4호
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• pp.61-68
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• 2019

Currently many companies are interested in reduction of the carbon emissions associated with their supply chain activities such as transportation and operations. Operational decisions, such as modifications in order quantities could an effective way in reducing carbon emissions in the supply chain. Cap-and-trade regulation, sometimes called emissions trading, is a market-based tool to limit greenhouse gas emissions. Under cap-and-trade regulation, emission credits are allocated to the firms and the firms trades emissions under cap-and-trade schemes. In this paper, we propose a single-manufacturer single-buyer two-echelon supply chain problem under the cap-and-trade mechanism incorporating the carbon emissions caused by transportation and warehousing activities where a single manufacturer produces a family of items in order to deliver a family of items to a single buyer at a fixed interval of time for effective implementation of Just-In-Time (JIT) Purchasing. An integrated multi-product lot-splitting model of facilitating multiple shipments in small lots between buyer and manufacturer is developed in a JIT Purchasing environment. Also, an iterative heuristic algorithm is developed to derive the common order interval, the number of intervals for each product and the number of shipments between the buyer and the manufacturer during the common interval. A numerical example is given to illustrate the savings in reduction of total cost and carbon emissions by the inventory model incorporating cap-and-trade mechanism compared to the classical inventory model. The proposed inventory model could be useful for the practical solution of two-echelon supply chain inventory problem under cap-and-trade mechanism.

• Resources Recycling
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• 제31권3호
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• pp.40-52
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• 2022

This study analyzed the amount of carbon dioxide reduction and economic benefits of detailed processes of CO₂ 6,000 tons plant facilities with mineral carbonation technology using carbon dioxide and coal materials emitted from domestic circulating fluidized bed combustion power plants. Coal ash reacted with carbon dioxide through carbon mineralization facilities is produced as a complex carbonate and used as a construction material, accompanied by a greenhouse gas reduction. In addition, it is possible to generate profits from the sales of complex carbonates and carbon credits produced in the process. The actual carbon dioxide reduction per ton of complex carbonate production was calculated as 45.8 kgCO₂eq, and the annual carbon dioxide reduction was calculated as 805.3 tonCO₂, and the benefit-cost ratio (B/C Ratio) is 1.04, the internal rate return (IRR) is 10.65 % and the net present value (NPV) is KRW 24,713,465 won, which is considered economical. Carbon mineralization technology is one of the best solutions to reduce carbon dioxide considering future carbon dioxide reduction and economic potential.

• 한국신재생에너지학회:학술대회논문집
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• 한국신재생에너지학회 2006년도 추계학술대회
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• pp.165-167
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• 2006

On our return to India from Germany, we have worked on the development of parabolic solar concentrators with input and collaboration of German and Austrian inventors. We have gradually improved the solar technologies to include food processing based on inputs and feedback from users to fulfill their specific requirements. We will discuss the acceptability and commercialisation of various systems that we have successfully developed, their implications and their benefit. These success stories can work as multipliers. These concentrators can have various other applications. The Global Treaty Kyoto Protocol's CDM (Clean Development Mechanism) can result in a win-win situation for both developing and developed nations and the world environment at large - whereby developed nations get carbon credits by supporting renewable energy projects in developing nations. North-South dialogue and South-South dialogue can effectively foster global co-operation meaningfully to benefit People and environments ensuring sustainable development and protection of Our planet Earth, our only HOME!!!

• Proceedings of the Korea Water Resources Association Conference
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• 한국수자원학회 2008년도 학술발표회 논문집
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• pp.1-8
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• 2008

The paper describes the process and issues encountered during the design and construction of seven kilometres of canal to convey 2.5 cumecs of flow to two power stations. The location of the scheme above the primary reservoir of the Waipori Hydropower scheme in Otago, New Zealand, utilising an existing stream diversion into this reservoir, means that no new water abstraction or diversion consents were required. This mini hydro development associated with the existing Waipori scheme was partly justified by an allocation of carbon credits. The scheme controls are slightly more complicated than many canal and penstock schemes as the canal lengths are considerable in relation to the gradient.

• Journal of Korean Society of Forest Science
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• 제103권3호
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• pp.439-445
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• 2014

In this study, we developed a dynamic stand yield model to estimate the baseline carbon stock, which is essentially required for a forest carbon offset project based on forest management. For developing the yield model, the data was acquired from the databases of the $5^{th}$ National Forest Inventory. The model was validated by comparing its estimations with field measurements that were conducted from 4 study sites (14 plots with thinning treatments) located in Hong-chun, Hoeng-sung, Yang-yang Daechi and Yang-yang Jungja. The difference between the estimations and the field measurements was less than 5%. Using the dynamic stand yield model, we estimated the changes in stand yield volume and carbon stocks for each species according to the baseline scenarios. As the results, we found that baseline carbon stock was the highest at Quercus acutissima stand (83.01tC/ha), while the lowest at Pinus rigida stand (32.17tC/ha) and Pinus densiflora stand of central region (39.09tC/ha). Hence, a project provider could get more carbon emission credits from an improved forest management project when considering the project with Pinus rigida stand or Pinus densiflora stand (central region). The baseline carbon stock and the dynamic stand yield model developed from this study would be useful for designing carbon offset projects based on improved forest management.

• Journal of Korean Society of Forest Science
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• 제100권4호
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• pp.630-638
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• 2011

This study aims to verify the economic validity of the REDD project in North Korea by estimating the potential carbon credits and the cost of REDD project. The REDD potential credits of North Korea are estimated based on the international statistics of forest area and population from 1990 to 2010, and the cost of REDD project is estimated indirectly by annual land opportunity cost of agriculture assuming that South Korea will aid the food production per area in North Korea. When the 25% reduction scenario was applied to the annual deforestation rate in North Korea, the potential REDD credits were estimated to be $4,232million{\sim}5,290milliontCO_2eq.$ for 20 years. It would account for 28~35% of South Korea's national medium-term greenhouse gas reduction target. On the other hand, the break-even price of REDD project was calculated as the profit of agriculture in the land available by forest conversion in North Korea. It was estimated to be 19.19$/$tCO_2eq.$ when the non-permanence risk of forest conserved through a REDD contract is assumed to be 20%. This price is higher than the price of REDD carbon credit 5$/$tCO_2eq.$ dealt in the 2010 voluntary carbon market, leading to no economic feasibility. However, REDD project provides co-benefits besides climate mitigation. As previous studies indicate, the break-even price is lower than 20$/$tCO_2eq.$, which is the social marginal cost of greenhouse gas emissions by loss of forest. Therefore REDD in North Korea can be justified against the social benefits. The economic feasibility of REDD project in North Korea can be largely influenced by the risk percentage. Thus, North Korean REDD project needs a strong guarantee and involvement by the government and people of North Korea to assure the project's economic feasibility.

• Journal of Korean Society of Forest Science
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• 제100권4호
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• pp.548-557
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• 2011

REDD is recognized as a cost-effective and the most appropriate way of managing global GHG emissions. It is negotiated in a global context under the UNFCCC. The main issues of the REDD mechanism are divided into two parts: 1) developing forest carbon verification and measurement system for reducing emissions from deforestation and forest degradation, 2) establishing an appropriate system of incentives for developing countries. REDD can provide stability in carbon offset credits. However, the most important task is to establish a clear legal framework and appropriate governance structures with relevant countries. There is a wide opportunities for Republic of Korea to take a lead in cutting off greenhouse gasses in the Post-Kyoto period.

• Journal of Korean Society of Forest Science
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• 제110권3호
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• pp.440-452
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• 2021

This study identified and evaluated conditions for continued participation of private forest owners in forest carbon offset programs. The probability of continuing forest carbon offset projects, which delays greenhouse gas emissions by extending harvesting periods, increases with increasing price of carbon offset credits, public recognition of forest value, and education level. Willingness to Accept (WTA) was estimated using a Multiple Bounded Dichotomous Choice Question, which was 17,039 KRW/tCO₂ for extending age to 60 years, and 23,070 KRW/tCO₂ for 100 years. The following findings aim to promote participation and supply of carbon offset programs in private forests according to the study outcomes. First, introducing policies supporting private forest owners bearing opportunity costs for avoiding greenhouse gas emissions by postponing timber harvest is needed. Second, educational programs for private forest owners whose awareness of and interests in the public value of forest is necessary. Third, although having participated from the beginning of the offset program, finding ways to lead continuous participation of forest owners who are less likely to accept WTA is also necessary.