• Journal of Environmental Policy
• /
• v.12 no.3
• /
• pp.123-159
• /
• 2013

We use a multi-regional dynamic computable general equilibrium model to explain an economic effect of $CO_2$ tax on the national and regional economy of Korea. First, we compare two $CO_2$ taxes: a region-specific $CO_2$ tax and a uniform $CO_2$ tax. In the region-specific tax, the $CO_2$ tax rate in the capital area and the south-eastern region is much greater than those in other regions. GDP loss resulting from the region-specific tax is bigger than that in the uniform tax. Second, we consider three options for tax recycling: consumption tax recycling, labor-income tax recycling, and corporate-income tax recycling. The corporate-income tax recycling has the least GDP-loss effect over the three options. These results support that it is more efficient to use a uniform $CO_2$ tax rate than a region-specific $CO_2$ tax rate and that the corporate-income tax recycling is more desirable in a sense of efficiency than the consumption and labor-income tax recycling options.

• Environmental and Resource Economics Review
• /
• v.21 no.2
• /
• pp.371-416
• /
• 2012

This study has developed Computable General Equilibrium (CGE) model reflecting endogenous growth economic theory, with the aim of analyzing double dividend hypothesis. This study analyzes possibility of economic growth and environmental improvement at the same time when government recycles the revenue of carbon tax to reduce existed taxes such as consumption tax, labor income tax, corporate tax. It also assesses the case of subsidy on R&D investment of renewable energy. With new and renewable generation technology adopted and disseminated, GDP loss would be lessened to a great degree. Tax recycling would provide economic gain by reducing distortion existed in the existing fiscal structure. The magnitude of economic gains from carbon tax recycling is biggest for recycling into corporate tax, and labor income tax, and then consumption tax in this order. It is also shown that double dividend effects occur in dynamic terms when government uses a carbon tax revenue to subsidize on R&D investment. At the end of the analysis period, emissions reduction would not result in GDP loss but in GDP gain. In particular, recycling into R&D increase would produce the largest and fastest GDP gain. Thus, implementing emissions reduction target would require careful consideration of economic effects by various policy instrument, including carbon tax.

• Environmental and Resource Economics Review
• /
• v.9 no.4
• /
• pp.701-725
• /
• 2000

Environmental taxes tend to compound the welfare cost of pre-existing tax distortions, the tax-interaction effect, however they also raise government revenues, tax revenue-recycling effect. By incorporating these two opposite tax effects, this paper examines a second- best environmental taxation for a polluting monopolist with distortionary taxes. The analysis suggests that the complications posed by pre-existing tax distortions as well as market structure can be key considerations in designing environmental taxes. In the tax setting game between regulator and regulated firm, we also derive the equilibrium tax rate and examine its relationship with distortionary taxes.

• Journal of the Korea Organic Resources Recycling Association
• /
• v.23 no.2
• /
• pp.21-27
• /
• 2015

An introduction of landfill tax has been recently in issue in order to raise the financial resource for establishing waste resource-circulation society. The objectives of this study are to evaluate the plan of increasing energy recovery from waste at Incheon Metropolitan City, and to propose several points to be considered in terms of introducing the landfill tax. There are a lot of problems that impede energy recovery from waste at Incheon Metropolitan City, such as high-calorific waste from decrease of food waste to the municipal incineration plant, metals and batteries in the standard plastic garbage bag, etc. Alternative policies to solve these major problems have been drawn.

• Journal of Environmental Impact Assessment
• /
• v.8 no.1
• /
• pp.133-139
• /
• 1999

Community residents are tend to evade waste treatment facilities such as waste landfills, waste incinerators. Therefore, decision-makers of waste management are concerned about the reduction and recycling of food garbage. As a treatment alternative of food garbage which consists of 30% of municipal waste, producing compost and feed stuff from food garbage is environmentally amenable. In considering the characteristics of food garbage are putrid and high moisturized, methods of landfilling and incineration for food garbage are environmentally inadequate. For the institutionalization of food garbage recycling, separate discharge, establishment of collection system, securing of market for compost and feed stuff manufactured from food garbage, and tax and financial incentives for food garbage recycling facilities are necessary.

• Journal of Korean Society of Transportation
• /
• v.32 no.4
• /
• pp.357-368
• /
• 2014

So far, land use-transportation models have been used exclusively for numerical analysis. A recent theoretical endeavor now enables us to derive the first-order derivative of the model's welfare function with respect to policy variables. I extend this methodology into the institutional setting where toll revenues are recycled through labor income tax. In this setting, the first-order derivative is composed of (1) the increase in welfare due to reduced congestion, and (2) the decrease in welfare due to interaction with the existing labor income tax. This result coincides with existing theory in the non-spatial model.

• Journal of Environmental Science International
• /
• v.29 no.11
• /
• pp.1015-1024
• /
• 2020

Using the waste(sand wastr and boiler ash) in fluidized bed inciverator, lightweight aggregate concrete was produced and a recycling plan was prepated. The first, the result of the leaching test shows that the waste fluid sand and boiler ash did not exceed the effluent standard. This indicates that there is no harmful effect for recycling. The second, in the lightweight aggregate test using waste fluid sand and boiler ash, the sample that combined cement, waste fluid sand, and sand showed the highest compressive strength, and the mix proportion was 10: 7: 3. Lightweight aggregate concrete that combined cement, waste fluid sand, boiler ash, and sand had a low compressive strength by and large. The third, the same results were identified in the relation between the content of SiO₂ and that of Na₂O. As the SiO₂ content is lowered, the overall viscosity and plasticity of the concrete also decrease, which is not a good condition to form concrete. As for Na₂O, as the content increases, the viscosity of the sample and the viscosity of the cement are remarkably lowered, and the strength of the finished concrete is lowered. Therefore, it was concluded that the higher the content of SiO₂ and the lower the content of Na₂O, the more suitable it is to mix with cement to produce concrete. Fourth, from the fluidized bed incinerator currently operated by company A in city B, a total of 14,188 tons/year were discharged as of 2016, including 8,355 tons/year of bottom ash (including waste fluid sand) and 5,853 tons/year of boiler ash. The cost for landfill bottom ash and boiler ash discharged is 51,000 won/ton, and the total annual landfill cost is 723,588,000 won/ year. Assuming that the landfill tax to be applied from the year 2018 is about 10,000 won/ton, and if there is no reduction in waste disposal charge, an additional landfill tax of 141,880,000 won/year will be imposed. Consequently, the sum total of the annual landfill cost will be 865,468,000 won/year. Therefore, if the entire amount is used for recycling, the annual savings of about 8.7 billion won can be expected.

• Environmental and Resource Economics Review
• /
• v.10 no.4
• /
• pp.547-567
• /
• 2001

This paper analyzed what kind of institutional scheme for domestic policy instruments to reduce GHG emissions are desirable for Korea in complying with the international efforts to mitigate climate change, by focusing on independent abatement(equivalent to the imposition of carbon tax) and domestic emission trading. It also examined the economic and environmental implications of recycling the government revenue created from implementation of those policies. By utilizing a dynamic CGE model, this study shows that the economic cost under independent abatement is projected to be higher than that under emission trading. It is because under independent abatement scheme each emitter in economy must meet its emission target regardless of the abatement cost. On the other hand, emission trading allows emitters to reduce the marginal cost of abatement through trading of emission permits. In designing future domestic policies and measure to address the climate change problem in Korea, therefore, this study proposes the introduction of domestic emission trading scheme as the main domestic policy instrument for GHG emission abatement. In terms of double dividend, in addition, this study shows that both independent abatement and emission trading schemes under various assumption on the revenue recycling may not generate the double dividend in Korea.

• Journal of Environmental Health Sciences
• /
• v.19 no.4
• /
• pp.51-58
• /
• 1993

The integrated solid waste management for Seoul Metropolitan city can be established on the basis of the following hierarchy of priorities: 1. Efforts for source reduction should be propelled by both government and citizens to achieve the effects of resource conservation. The adequate production and consumption which are environmentally amenable and sustainable can be induced by the reasonable imposition of deposit money for waste treatment to one-time use products. To accomplish source reduction effectively, the induction of legal and institutional regulation of producer and consumer participation is requisite. 2. For resource recovery, wastes generated should be recycled as far as practicable. Community residents are responsible to separate discharge, the authorities concerned have responsibility of separate collection, and recycling industry should be assissted through tax reduction and financing. Resource separation facilities can be constructed at Kimpo Metropolitan landfill site for wastes not separately collected due to some unavoidable circumstances. 3. Garbage should be composted. Garbage is uneconomical for incineration, because it has high moisture content and low calorie, thus there is no reason for the incineration of garbage even though garbage is classified into combustibles. Composting facilities can be located at sites which are not densely populated and easily accessible to transportation, for example, Kimpo Metropolitan landfill site. Compost produced can be managed by the authorities for the use of fertilizer to a green tract of suburban land and farms. 4. Nonhazardous combustible wastes not recyclable can be utilized for thermal recovery at the incinerators which are completely equipped with pollution control devices. According to the trend of local autonomy and the equity principle of local autonomous entities, incineration facilities of minimal capacity required can be constructed at each districts of Seoul Metropolitan city which have organized local assembly. In case of Yangcheon district, the economically combustible waste quantity is about 260 tons/day which exceeds 150 tons/day, the incineration capacity of existing facility. But, from now on, waste quantity can be reduced substantially by the intensive efforts of citizens for source reduction and recycling and the institutional support of administrative organizations. Especially, it is indispensable for the government to constitute institutional and technological bases that can recycle paper and plastics form 43% of waste generated. A good time for constructing of incineration facilities for municipal solid waste can be postponed to the time that pollution control technologies of domestic enterprises are fully developed to satisfy the standards of air pollution prevention, because the life expectancy of Kimpo Metropolitan landfill site is about 25 years. Within this period, institutional improvements and technological advancements can be attained, while the air qual. ity of Seoul Metropolitan city can be ameliorated to the level to afford incineration facilities. 5. For final disposal, incombustibles and ash are landfilled sanitarily at Kimpo Metropolitan landfill site.

• Environmental and Resource Economics Review
• /
• v.19 no.3
• /
• pp.509-546
• /
• 2010

Although coal has been utilized as major fuel, it is known as 'most climate unfriendly' fuel. Carbon tax or tradable permit policy has been discussed as major measure for reducing production and consumption of coal, but it might be more efficient to remove subsidy on coal production and consumption. This study examines economic and environmental effects of recycling revenue from reducing subsidy on the use of coal to foster climate friendly fuel (ligneous biomass) by price subsidy or increased public expenditure. A static CGE model was applied to analyze the welfare consequences and economic impacts of two policy measures. The result shows that price subsidy policy is more desirable than creation of public demand in terms of welfare as well as overall economic impacts.