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The Potential for Biofuels Alongside the EU-ETS
The potential for biofuels alongside the EU-ETS Stefan Boeters, Paul Veenendaal, Nico van Leeuwen and Hugo Rojas-Romagoza CPB Netherlands Bureau for Economic Policy Analysis Paper for presentation at the Eleventh Annual GTAP Conference ‘Future of Global Economy’, Helsinki, June 12-14, 2008 1 Table of contents Summary 3 1 The potential for biofuels alongside the EU-ETS 6 1.1 Introduction 6 1.2 Climate policy baseline 7 1.3 Promoting the use of biofuels 10 1.4 Increasing transport fuel excises as a policy alternative from the CO 2-emission reduction point of view 22 1.5 Conclusions 23 Appendix A: Characteristics of the WorldScan model and of the baseline scenario 25 A.1 WorldScan 25 A.2 Background scenario 27 A.3 Details of biofuel modelling 28 A.4 Sensitivity analysis with respect to land allocation 35 References 38 2 Summary The potential for biofuels alongside the EU-ETS On its March 2007 summit the European Council agreed to embark on an ambitious policy for energy and climate change that establishes several targets for the year 2020. Amongst others this policy aims to reduce greenhouse gas emissions by at least 20% compared to 1990 and to ensure that 20% of total energy use comes from renewable sources, partly by increasing the share of biofuels up to at least 10% of total fuel use in transportation. In meeting the 20% reduction ceiling for greenhouse gas emissions the EU Emissions Trading Scheme (EU-ETS) will play a central role as the ‘pricing engine’ for CO 2-emissions. The higher the emissions price will be, the sooner technological emission reduction options will tend to be commercially adopted. -
Chapter 2 New Challenges to the Export Oriented Growth Model
Chapter 2 New Challenges to the Export Oriented Growth Model Song Hong Institute of World Economics and Politics (IWEP), Chinese Academy of Social Sciences (CASS) December 2012 This chapter should be cited as Song, H. (2012), ‘New Challenges to the Export Oriented Growth Model’, in Zhang, Y., F. Kimura and S. Oum (eds.), Moving Toward a New Development Model for East Asia- The Role of Domestic Policy and Regional Cooperation . ERIA Research Project Report 2011-10, Jakarta: ERIA. pp.27-54. CHAPTER 2 New Challenges to the Export Oriented Growth Model SONG HONG Institute of World Economics and Politics (IWEP), Chinese Academy of Social Sciences (CASS) The export-oriented strategy played a crucial role for the successful development of East Asian economies after the World War II. They first exported low-technology manufactured goods, then gradually upgraded and transformed their export goods packages and finally caught up with the developed countries. Export oriented strategy in East Asia has been based on a series of internal and external conditions. Those conditions includes an open international environment, the existence of a certain size of external market, a stable supply of raw materials, as well as good and convenient navigation, and some internal conditions. Global financial crisis badly changed some of these conditions. For example, the external market was very unstable and was growing very slow; after the financial crisis, international raw material and energy prices experienced sharp volatility, which caused great challenges to the countries and enterprises seeking to implement an export oriented strategy. However, after the financial crisis the changes in international and domestic environments did not change the nature and trends of globalization, only temporarily slowed the pace of this process. -
(Output) Import Tariff Reduction Increase Home Exports? Evidence from Korean Manufacturing Plant–Product Data
ERIA-DP-2019-29 ERIA Discussion Paper Series No. 315 Does Home (Output) Import Tariff Reduction Increase Home Exports? Evidence from Korean Manufacturing Plant–Product Data Chin Hee HAHN Gachon University, Republic of Korea Ju Hyun PYUN§ Korea University Business School, Republic of Korea February 2020 Abstract: This study examines the effects of domestic output import tariff reduction on domestic plant export dynamics and clarifies the underlying mechanism, using rich plant–product data from the Republic of Korea for 1991–2002. We find that home import liberalisation increases domestic plants’ export market participation (extensive margins), particularly for industry where markup growth is more negative during tariff reductions. However, we do not find evidence that cutting import tariffs significantly affects incumbent home exporters’ export volume (intensive margins). This study unveils a new mechanism – ‘escape competition’ to foreign markets – by showing that reducing import tariffs leads domestic firms under heightened industry competition to look for an opportunity in foreign markets via export inauguration. Keywords: Plant-product level data; output tariff; Lerner symmetry; extensive margin; intensive margin; product scope JEL Classification: F15; F23 Corresponding author: Ju Hyun Pyun, Business School, Korea University, 145 Anam-Ro, Seongbuk- Gu, Seoul 02841, Republic of Korea, Tel: 82-2-3290-2610, E-mail: [email protected] § This research was conducted as part of the 2018 Microdata project of the Economic Research Institute for ASEAN and East Asia (ERIA). The authors are deeply indebted to the members of this project for their invaluable suggestions. The opinions expressed in this paper are the sole responsibility of the authors and do not reflect the views of ERIA. -
What Is Really in the Economic Partnership Agreements for the Southern African Region? a Perspective from Botswana's Beef Expo
Agrekon, Vol 47, No 4 (December 2008) Mbatha & Charalambides What is really in the economic partnership agreements for the Southern African region? A perspective from Botswana’s beef export markets CN Mbatha1 & N Charalambides2 Abstract The signing of the Economic Partnership Agreements (EPAs) between the European Union (EU) and the African Caribbean Pacific (ACP) nations dominated the multilateral trade agenda in late 2007 and early 2008. While the Caribbean nations signed the full EPAs, some of the African countries only singed interim agreements with the EU and a number of West African countries chose not to sign any EPA. Using the case of Botswana’s export markets, especially in agriculture, it is argued that the interim Southern African Development Community (SADC) EPA, which was signed by Botswana and her neighbours, with the exception of South Africa, may have been economically sensible in protecting Botswana’s rural poor, at least in the short run. By tracing trade flows from the border to specifically poor sectors of the country, the importance of the beef exports sector to the poor and rural communities was found. The potential effects on the most significant exports of tariff bands associated with preferential agreements with the EU were found to be most beneficial in comparison to the Most Favoured Nation (MFN) and the South Africa-EU Trade Development and Cooperation Agreement (TDCA) tariff bands. But it is also argued that the EPA will most likely have far reaching long run costs on regional economic development and institutional integration, within the SADC and Southern African Customs Union (SACU). -
Paving the Way to Carbon-Neutral Transport: 10-Point Plan To
Paving the way to carbon-neutral transport 10-point plan to help implement the European Green Deal January 2020 CONTEXT The transport sector is responsible for 22.3% of total EU greenhouse gas (GHG) emissions, with road transport representing 21.1% of total emissions. Breaking this down further, passenger cars account for 12.8% of Europe’s emissions, vans for 2.5%, while heavy-duty trucks and buses are responsible for 5.6%. Transport is therefore a key focus and driver for climate protection measures. The European Automobile Manufacturers’ Association (ACEA) strongly believes that carbon-neutral road transport is possible by 2050. This however will represent a seismic shift, requiring a holistic approach with increasing efforts from all stakeholders. * All CO2 equivalent ** Industry = ‘Manufacturing industries and construction’ + ‘Industrial processes and product use’ Source: European Environment Agency (EEA) AUTO INDUSTRY CONTRIBUTION Investing €57.4 billion in R&D annually, the automotive sector is Europe's largest private contributor to innovation, accounting for 28% of total EU spending. Much of this investment is dedicated to clean mobility solutions. The automobile industry embraces the Paris Agreement and its goals. Manufacturers also support the climate protection initiatives of the European Commission, such as the ‘Clean Planet for All’ strategy, provided all stakeholders contribute their share and the achievements to date are taken into account. ACEA’s 10-point plan to help implement the European Green Deal – January 2020 1 ACEA members are fully committed to deliver the ambitious 025 and 030 C2 reduction targets. In order to provide legal certainty for the industry as it moves towards carbon neutrality in 050, the 2022/2023 timeline for the revies of the regulations should be adhered to (as as endorsed by the European Council in December 201). -
The Globalization of K-Pop: the Interplay of External and Internal Forces
THE GLOBALIZATION OF K-POP: THE INTERPLAY OF EXTERNAL AND INTERNAL FORCES Master Thesis presented by Hiu Yan Kong Furtwangen University MBA WS14/16 Matriculation Number 249536 May, 2016 Sworn Statement I hereby solemnly declare on my oath that the work presented has been carried out by me alone without any form of illicit assistance. All sources used have been fully quoted. (Signature, Date) Abstract This thesis aims to provide a comprehensive and systematic analysis about the growing popularity of Korean pop music (K-pop) worldwide in recent years. On one hand, the international expansion of K-pop can be understood as a result of the strategic planning and business execution that are created and carried out by the entertainment agencies. On the other hand, external circumstances such as the rise of social media also create a wide array of opportunities for K-pop to broaden its global appeal. The research explores the ways how the interplay between external circumstances and organizational strategies has jointly contributed to the global circulation of K-pop. The research starts with providing a general descriptive overview of K-pop. Following that, quantitative methods are applied to measure and assess the international recognition and global spread of K-pop. Next, a systematic approach is used to identify and analyze factors and forces that have important influences and implications on K-pop’s globalization. The analysis is carried out based on three levels of business environment which are macro, operating, and internal level. PEST analysis is applied to identify critical macro-environmental factors including political, economic, socio-cultural, and technological. -
Benefits of Emissions Trading
BENEFITS OF EMISSIONS TRADING E M I S S I O N S T R A D I N G A C H I E V E S T H E E N V I R O N M E N T A L O B J E C T I V E – R E D U C E D E M I S S I O N S – A T T H E L O W E S T C O S T Cap and trade is designed to deliver an environmental outcome; the cap must be met, or there are sanctions such as fines. Allowing trading within that cap is the most effective way of minimising the cost – which is good for business and good for households. Determining physical actions that companies must take, with no flexibility, is not guaranteed to achieve the necessary reductions. Nor is establishing a regulated price, since the price required to drive reductions may take policy-makers several years to determine. Cap and trade also provides a way of establishing rigour around emissions monitoring, reporting and verification – essential for any climate policy to preserve integrity. E M I S S I O N S T R A D I N G I S B E T T E R A B L E T O R E S P O N D T O E C O N O M I C F L U C T U A T I O N S T H A N O T H E R P O L I C Y T O O L S Allowing the open market to set the price of carbon translates to better flexibility and avoids price shocks or undue burdens. -
How Do Exports and Imports Affect the Use of Free Trade Agreements? Firm-Level Survey Evidence from Southeast Asia
ERIA-DP-2016-01 ERIA Discussion Paper Series How Do Exports and Imports Affect the Use of Free Trade Agreements? Firm-level Survey Evidence from Southeast Asia Lili Yan ING* Economic Research Institute for ASEAN and East Asia (ERIA) and University of Indonesia Shujiro URATA ERIA and Waseda University Yoshifumi FUKUNAGA Economic Research Institute for ASEAN and East Asia (ERIA) January 2016 Abstract: Based on profit estimations, findings from a firm-level survey of 630 manufacturing firms across Association of Southeast Asian Nations (ASEAN) countries conducted in 2013 showed that a 1 percent increase in the share of exports in total sales will increase the probability of use of free trade agreements (FTAs) by 0.2 percent, whereas a 1 percent increase in the share of imports in total inputs will reduce the probability of use of FTAs by 0.4 percent. Results from locally weighted scatterplot smoothing (LOESS) show that the use of FTAs is tilde-shaped and negative-shaped as a function of exports and imports, respectively. Keywords: Free Trade Agreement, ASEAN, Regional integration, FTA Utilisation JEL: F14, F15, F16, F23, F6 * The authors thank national teams for their work on leading surveys in Southeast Asia – MOFAT for Brunei Darussalam, CICP for Cambodia, LPEM–FEUI for Indonesia, NERI for Lao PDR, MIER Malaysia, YIE for Myanmar, PIDS for the Philippines, SIIA for Singapore, University of Chulalongkorn for Thailand, and CIEM for Viet Nam. The authors thank Ikumo Isono and Archanun Koophaiboon, and participants at the 14th East Asian Economic Association Conference for their comments on an earlier draft, and Robert Herdiyanto for his assistance in data cleaning at an early stage of the survey, and Rully Prassetya and Muhammad Rizqy for checking the use of GSP. -
Impact of China on South Korea's Economy
Dynamic Forces on the Korean Peninsula: Strategic & Economic Implications 61 IMPACT OF CHINA ON SOUTH KOREA’S ECONOMY Cheong Young-rok* CONTENTS I. Introduction II. Evaluations of Sino-Korean Economic Interactions III. Measuring the Impact of China on Korean Economy IV. Other Critical Issues V. Concluding Remarks: Is Korea Rational or National? *Cheong Young-rok is Professor at the Graduate School of International Stud- ies at Seoul National University. The author thanks those who commented on this paper as well as his research assistants. 62 U.S.–Korea Academic Symposium I. Introduction In 2005, the Korean ambassador to China was excited about the completion within five years of the target trade volume of over $100 billion with China, which was set by the Korean government at the time of the inauguration of President Roh Moo-hyun in 2003. China also became the number one recipient of Korea’s outflow of investment as well as the destination of one of the largest groups of Korean students studying overseas. On the one hand, many businesspeople talk about the further importance of China, and they even send their children to China.1 On the other hand, many of the high-society households in Korea, especially in the Kangnam district that is considered to be the Korean Beverly Hills, hire ethnic Koreans who have returned from China to serve as their housemaids. On the increased importance of China for the Korean economy, there are two different schools of thought in Korean academia: one school argues that China is a mere clone or extension of other Asian countries that were once glorified as newly industrializing economies or high-performing Asian economies . -
Analytical Environmental Agency 2 21St Century Frontiers 3 22 Four 4
# Official Name of Organization Name of Organization in English 1 "Greenwomen" Analytical Environmental Agency 2 21st Century Frontiers 3 22 Four 4 350 Vermont 5 350.org 6 A Seed Japan Acao Voluntaria de Atitude dos Movimentos por Voluntary Action O Attitude of Social 7 Transparencia Social Movements for Transparency Acción para la Promoción de Ambientes Libres Promoting Action for Smokefree 8 de Tabaco Environments Ações para Preservação dos Recursos Naturais e 9 Desenvolvimento Economico Racional - APRENDER 10 ACT Alliance - Action by Churches Together 11 Action on Armed Violence Action on Disability and Development, 12 Bangladesh Actions communautaires pour le développement COMMUNITY ACTIONS FOR 13 integral INTEGRAL DEVELOPMENT 14 Actions Vitales pour le Développement durable Vital Actions for Sustainable Development Advocates coalition for Development and 15 Environment 16 Africa Youth for Peace and Development 17 African Development and Advocacy Centre African Network for Policy Research and 18 Advocacy for Sustainability 19 African Women's Alliance, Inc. Afrique Internationale pour le Developpement et 20 l'Environnement au 21è Siècle 21 Agência Brasileira de Gerenciamento Costeiro Brazilian Coastal Management Agency 22 Agrisud International 23 Ainu association of Hokkaido 24 Air Transport Action Group 25 Aldeota Global Aldeota Global - (Global "small village") 26 Aleanca Ekologjike Europiane Rinore Ecological European Youth Alliance Alianza de Mujeres Indigenas de Centroamerica y 27 Mexico 28 Alianza ONG NGO Alliance ALL INDIA HUMAN -
IFC Carbon Neutrality Committment Factsheet
Carbon Neutral Commitment for IFC’s Own Operations IFC, along with the World Bank, are committed to making our internal business operations carbon neutral by: IFC’s Carbon Neutrality 1. Calculating greenhouse gas (GHG) emissions from our operations Commitment is an integral 2. Reducing carbon emissions through both familiar and innovative conservation measures part of IFC's corporate 3. Purchasing carbon offsets to balance our remaining internal carbon footprint after our reduction efforts response to climate change. IFC’s carbon neutrality commitment encourages continual improvement towards more efficient business operations that help mitigate climate change. It is also consistent with IFC’s strategy of guiding our investment work to address climate change and ensure environmental and social sustainability of projects that IFC finances. This factsheet focuses on the carbon footprint of our internal operations rather than the footprint of IFC’s portfolio. IFC uses the ‘operational control approach’ for setting its CALCULATING OUR GHG EMISSIONS organizational boundaries for its GHG inventory. Emissions are included from all locations for which IFC has direct control over IFC has calculated the annual GHG emissions for its internal business operations, and where it can influence decisions that impact GHG operations for headquarters in Washington, D.C. since 2006, and for emissions. IFC’s global operations since 2008 including global business travel. IFC’s annual GHG inventory includes the following sources of The methodology IFC formally used is based on the Greenhouse Gas GHG emissions from IFC’s leased and owned facilities and air Protocol Initiative (GHG Protocol), an internationally recognized GHG travel: accounting and reporting standard. -
Trade and Environment: a Resource Book
TRADE AND ENVIRONMENT – Trade and Environment A Resource Book Trade and environment policy is increasingly intertwined and the stakes are nearly always high in both trade and environmental TRADE AND terms. These issues are often complex and discussions tend to become very specialized, challenging policy practitioners to understand and follow all the various sub-strands of trade and ENVIRONMENT environment debates. This Resource Book seeks to demystify these issues without losing the critical nuances. A RESOURCE BOOK This collaborative effort of some 61 authors from 34 countries provides relevant information as well as pertinent analysis on a broad set of trade and environment discussions while explaining, A RESOURCE BOOK as clearly as possible, what are the key issues from a trade and environment perspective; what are the most important policy debates around them; and what are the different policy positions Edited by that define these debates. Adil Najam The volume is structured and organized to be a reference document Mark Halle that is useful and easy to use. Our hope is that those actively involved in trade and environment discussions—as practitioners, Ricardo Meléndez-Ortiz as scholars and as activists—will be able to draw on the analysis Meléndez-Ortiz Najam, Mark Halle and Ricardo Adil Edited by and opinions in this book to help them advance a closer synergy between trade and environmental policy for the common goal of achieving sustainable development. T&E Resource.qx 10/17/07 4:39 PM Page i TRADE AND ENVIRONMENT A RESOURCE BOOK Edited by Adil Najam Mark Halle Ricardo Meléndez-Ortiz T&E Resource.qx 10/17/07 4:39 PM Page ii Trade and Environment: A Resource Book © 2007 International Institute for Sustainable Development (IISD), International Centre for Trade and Sustainable Development (ICTSD) and the Regional and International Networking Group (The Ring).