Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2017.06.039 |
The economy impacts of Korean ETS with an emphasis on sectoral coverage based on a CGE approach | |
Choi, Yongrok1; Liu, Yu2,3,4; Lee, Hyoungseok1 | |
2017-10-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 109 |
文章类型 | Article |
语种 | 英语 |
国家 | South Korea; Peoples R China |
英文摘要 | South Korea initiated an emissions trading scheme (ETS) on January 1, 2015. Based on this environmental policy, at the 21st Conference of Parties (COP) meeting, the Korean government announced that it would decrease carbon emissions 37% from business as usual (BAU) levels by 2030. Since this target is too ambitious for the Korean economy, a number of studies have analyzed the economic impacts of emissions trading in Korea, but few have distinguished between industries covered and not covered by the ETS, notwithstanding the lack of industry-level data on quotas and emissions. This study overcomes such shortcomings by converting a dataset of 525 firms covered by the South Korea ETS (SK-ETS) into a 28-sector database consistent with the Global Trade Analysis Project (GTAP) classifications. We implement a simulation of the SK-ETS with a computational general equilibrium (CGE) model. Simulation results suggest that while SK-ETS has significant abatement effects (-2.56% from the base case), it only has mild negative impacts on GDP (0.41%) and household consumption (0.11%). Industry output on average falls by 0.54%, with the gas and air transport sectors most adversely affected. The most noticeable price changes are from the electricity sector, whose output price goes up by 3.75%. It is noteworthy that because of the export-oriented economy, many global business leaders and politicians have argued that the ETS will disadvantage exporting companies, while the simulation results showed a higher trade surplus based on enhanced competitiveness. |
英文关键词 | Emissions trading scheme (ETS) Computable general equilibrium (CGE) Sectoral coverage Governance |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000412034400080 |
WOS关键词 | EMISSIONS TRADING SCHEME ; INDUSTRY ; EFFICIENCY ; TARGETS ; PERMITS ; LESSONS |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/18168 |
专题 | 气候变化 |
作者单位 | 1.Inha Univ, Global E Governance Dept, 100 Inha Ro, Incheon 22212, South Korea; 2.Chinese Acad Sci, Inst Sci & Dev, Beijing 100190, Peoples R China; 3.Wuhan Univ, Collaborat Innovat Ctr Terr Sovereignty & Maritim, Wuhan 430072, Hubei, Peoples R China; 4.Univ Chinese Acad Sci, Sch Publ Policy & Management, Beijing 100049, Peoples R China |
推荐引用方式 GB/T 7714 | Choi, Yongrok,Liu, Yu,Lee, Hyoungseok. The economy impacts of Korean ETS with an emphasis on sectoral coverage based on a CGE approach[J]. ENERGY POLICY,2017,109. |
APA | Choi, Yongrok,Liu, Yu,&Lee, Hyoungseok.(2017).The economy impacts of Korean ETS with an emphasis on sectoral coverage based on a CGE approach.ENERGY POLICY,109. |
MLA | Choi, Yongrok,et al."The economy impacts of Korean ETS with an emphasis on sectoral coverage based on a CGE approach".ENERGY POLICY 109(2017). |
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