Korea's emission trading scheme and policy design issues to achieve market-efficiency and abatement targets

Energy Policy

Volumn 75, Issue , 2014, Pages 73-83

  Park, Hojeong ^a   Hong, Won Kyung ^a,b  

^a Korea University   (South Korea)

^b Greenhouse Gas Inventory and Research Center of Korea   (South Korea)

Author keywords

Korean ETS; Market based mechanism; Policy design

Indexed keywords

COST EFFECTIVENESS; EMISSION CONTROL; ENERGY POLICY; GAS EMISSIONS; STRUCTURAL DESIGN;

CONCURRENT DEVELOPMENT; EMISSION TRADING MARKETS; EMISSION TRADING SCHEME; INTERNATIONAL STANDARDS; KOREAN ETS; MARKET-BASED MECHANISMS; POLICY DESIGN; PRACTICAL GUIDELINES;

COMMERCE;

ABATEMENT COST; COST-BENEFIT ANALYSIS; EMISSIONS TRADING; ENERGY MARKET; ENERGY POLICY; ENVIRONMENTAL ECONOMICS; EUROPEAN UNION; POLLUTION TAX;

KOREA;

EID: 84921840573     PISSN: 03014215     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.enpol.2014.05.001     Document Type: Article

References (13)

1. BNEF, Ernst & Young, 2013. South Korea's Emissions Trading Scheme. BNEF.
2. De Perthuis, C. 2011. Carbon markets regulation: the case for a CO2 Central Bank, Information and Debates Series, CEC.
3. 2 markets: lessons from the EU ETS. Energy Policy 2014, 75, 100-106, 10.1016/j.enpol.2014.05.033.
4. Hong W.K., Lee J.E., Yoo R. Forest Carbon Market Review 2012 2013, Forest Carbon Center, Republic of Korea.
5. IEA,2012. Energy Balances of OECD Countries. IEA.
6. 2 cost pass-through to electricity prices in Europe. Energy Policy 2013, 61:1370-1376.
7. KEEI, 2013. Midterm Energy Demand Forecasts: 2012-2017. Center for Energy Information and Statistics, KEEI.
8. Murray B.C., Newell R.G., Pizer W.A. Balancing cost and emissions certainty: an allowance reserve for cap-and-trade. Rev. Environ. Econ. Policy 2009, 3(1):84-103.
9. Newell R.G., Pizer W.A., Raimi D. Carbon markets 15 years after Kyoto: lessons learned, new challenges. J. Econ. Perspect. 2013, 27(1):123-146.
10. Park H. Policy ranking study of emission trading scheme and carbon tax for greenhouse gas reduction. Econ. Anal. Korean Econ. 2012, 18(2):137-185.
11. Point Carbon, 2013. Carbon Market Analysis: South Korea's carbon market emissions forecast. Point Carbon.
12. 2 allowance trading. J. Econ. Perspect. 1998, 12(3):69-88.
13. Wood P.J., Jotzo F. Price floors for emission trading. Energy Policy 2011, 39:1746-1753.