Dong-Woon Noh

This study measures and decomposes green productivity growth of Korean manufacturing industries between 2004 and 2010 using the Malmquist-Luenberger productivity index. We focus on differences in the measures of productivity growth by distinguishing carbon emissions from either end-user industries or the electricity generation industry. Empirical results suggest three main findings. First, the efficiency of total emissions is higher than that of direct emissions except for the shipbuilding indus

The goal of this study is to introduce greenhouse gas (GHG) Emission Efficiency (GEE) as the index to evaluate the effectiveness of GHG mitigation policies. To define and estimate GEE, we rely on the concept of multiple output distance function and employ stochastic frontier analysis, respectively. The data set used in this study comprises firm‐level panel data from 251 firms operating in 15 industries under the regulation of the Energy Target Management System, and the critical variables for es

The Korean government and private sectors participating in the Emission Trading Scheme are expected to utilize a cooperative approach alongside sustainable development mechanisms of the Paris Agreement to achieve the 2030 greenhouse gases (GHG) emissions target. It is necessary to estimate the GHG emission abatement costs of the Clean Development Mechanism (CDM) projects to forecast the abatement costs of the two approaches found in the Paris Agreement; this is because these three approaches are

Estimation of the Greenhouse Gas (GHG) emission abatement cost of clean development mechanism (CDM) projects is essential for forecasting the abatement cost of the cooperative approach (Article 6.2) and the sustainable mechanism (Article 6.4) of the Paris Agreement. The purpose of this paper is to compare the GHG emission abatement cost of CDM projects among four countries using the abatement cost information each country. The average abatement cost was $9.65/tCO₂ (2020 price) for all types of C

미국의 261개 제1단계 아황산가스 배출규제대상 발전기는 1990년 대기정화법에 의해 아황산가스 배출을 제1단계 기간(1995-1999)에 백만BTU연료소비당 2.5파운드까지 감축해야 한다. 제1단계에는 아황산가스 배출권 거래제도가 도입되었기 때문에 동 제도가 효율적이라면 발전기 및 저감수단별 한계저감비용(MAC)은 배출권의 시장가격과 일치할 것이고 저감수단별 차이도 없을 것이며, 따라서 발전기는 최소 비용의 배출저감을 실현했을 것이다. 그러나l 배출권 거래의 제한 등과 갈은 부적절한 규제나 불확실성으로 인해 저감비용이 최소화되지 못했을 가능성이 있다. 본 논문은 미국의 제1단계 규제대상 발전기의 비용함수를 추정하고, 추정계수를 이용하여 각 저감수단별 한계저감비용을 계산했다. 추정결과에 의하면연료전환수단과 배출권구매수단을 채택한 발전기 그룹의 한계저감비용(각 $88/SO2, $77/SO2)은 배출권의 실제 시장가격($82/SO2)과 큰 차이가 없지만 탈황수단과 기타수단 ($621/S

The GHG emission abatement costs of clean development mechanism (CDM) projects are needed to forecast the abatement cost of the cooperative approaches and the sustainable mechanism of the Paris Agreement. The purpose of this paper is to estimate the GHG emission abatement cost of CDM projects in Chile using three kinds of investment analysis: simple cost analysis, investment comparison, and benchmark analysis. The average abatement cost of 53 CDM projects is $13.87/tCO₂ (2020 price). The cost of