IDEAS home Printed from https://ideas.repec.org/p/snv/dp2009/2014118.html
   My bibliography  Save this paper

The Korean Energy and GHG Target Management System: An Alternative to Kyoto-Protocol Emissions Trading Systems?

Author

Listed:
  • Stefan Niederhafner

    (College of Social Sciences, Seoul National University)

Abstract

The Energy and Greenhouse Gas (GHG) Target Management System (TMS) is one of South Korea’s major instruments to achieve national energy policy as well as GHG reduction targets. The TMS was introduced in the late 1990s, focusing on energy only and aiming to reduce the level of South Korea’s energy consumption and fossil fuel imports. During the presidency of Lee Myung-bak, the system was reformed and a GHG abatement function was integrated. This paper applies an analytical governance perspective to investigate the main procedural logic of the TMS. Even though South Korea’s GHG policy is closely linked to the Kyoto Protocol, the Energy and GHG TMS does not rely on market-based instruments. In fact, it combines command-and-control components with strong voluntary network-like mechanisms. The analysis indicates that the Korean TMS thus represents a policy alternative to an emissions trading system. In conclusion and in reference to an eventual Kyoto follow-up agreement, the paper recommends a better integration of such not market based, energy consumption and GHG abatement addressing instruments with global climate change politics.

Suggested Citation

  • Stefan Niederhafner, 2014. "The Korean Energy and GHG Target Management System: An Alternative to Kyoto-Protocol Emissions Trading Systems?," TEMEP Discussion Papers 2014118, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Sep 2014.
    • Handle: RePEc:snv:dp2009:2014118
    as

    Download full text from publisher

    File URL: http://temep-repec.my-groups.de/DP-118.pdf
    File Function: First version, 2014
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Joseph E. Aldy & Robert Stavins, 2011. "The Promise and Problems of Pricing Carbon: Theory and Experience," NBER Working Papers 17569, National Bureau of Economic Research, Inc.
    2. Hoesung Lee & Ji-Chul Ryu, 1991. "Energy and CO2 emissions in Korea : Long-term scenarios and related policies," Energy Policy, Elsevier, vol. 19(10), pages 926-933, December.
    3. Min, Daiki & Chung, Jaewoo, 2013. "Evaluation of the long-term power generation mix: The case study of South Korea's energy policy," Energy Policy, Elsevier, vol. 62(C), pages 1544-1552.
    4. Oh, Ilyoung & Wehrmeyer, Walter & Mulugetta, Yacob, 2010. "Decomposition analysis and mitigation strategies of CO2 emissions from energy consumption in South Korea," Energy Policy, Elsevier, vol. 38(1), pages 364-377, January.
    5. Randall S. Jones & Byungseo Yoo, 2011. "Korea's Green Growth Strategy: Mitigating Climate Change and Developing New Growth Engines," OECD Economics Department Working Papers 798, OECD Publishing.
    6. -, 2009. "The economics of climate change," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38679, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    7. Tim Laing & Misato Sato & Michael Grubb & Claudia Comberti, 2013. "Assessing the effectiveness of the EU Emissions Trading System," GRI Working Papers 106, Grantham Research Institute on Climate Change and the Environment.
    8. Hã‰Ritier, Adrienne & Lehmkuhl, Dirk, 2008. "The Shadow of Hierarchy and New Modes of Governance," Journal of Public Policy, Cambridge University Press, vol. 28(1), pages 1-17, April.
    9. Lim, Hea-Jin & Yoo, Seung-Hoon & Kwak, Seung-Jun, 2009. "Industrial CO2 emissions from energy use in Korea: A structural decomposition analysis," Energy Policy, Elsevier, vol. 37(2), pages 686-698, February.
    10. Kim, Hoseok & Shin, Eui-soon & Chung, Woo-jin, 2011. "Energy demand and supply, energy policies, and energy security in the Republic of Korea," Energy Policy, Elsevier, vol. 39(11), pages 6882-6897.
    11. Lim, Jaekyu, 2011. "Impacts and implications of implementing voluntary greenhouse gas emission reduction targets in major countries and Korea," Energy Policy, Elsevier, vol. 39(9), pages 5086-5095, September.
    12. Hafner-Burton, Emilie M. & Kahler, Miles & Montgomery, Alexander H., 2009. "Network Analysis for International Relations," International Organization, Cambridge University Press, vol. 63(3), pages 559-592, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kang, Dongsuk & Lee, Duk Hee, 2017. "Energy shocks and detecting influential industries," Energy, Elsevier, vol. 125(C), pages 234-247.
    2. Andreoni, V. & Galmarini, S., 2012. "Decoupling economic growth from carbon dioxide emissions: A decomposition analysis of Italian energy consumption," Energy, Elsevier, vol. 44(1), pages 682-691.
    3. Heshmati, Almas & Kumbhakar, Subal C. & Sun, Kai, 2014. "Estimation of productivity in Korean electric power plants: A semiparametric smooth coefficient model," Energy Economics, Elsevier, vol. 45(C), pages 491-500.
    4. John Byrne & Job Taminiau, 2016. "A review of sustainable energy utility and energy service utility concepts and applications: realizing ecological and social sustainability with a community utility," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 5(2), pages 136-154, March.
    5. Erik Hille & Bernhard Lambernd & Aviral K. Tiwari, 2021. "Any Signs of Green Growth? A Spatial Panel Analysis of Regional Air Pollution in South Korea," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 80(4), pages 719-760, December.
    6. Yongbum Kwon & Hyeji Lee & Heekwan Lee, 2018. "Implication of the cluster analysis using greenhouse gas emissions of Asian countries to climate change mitigation," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 23(8), pages 1225-1249, December.
    7. Kim, Yong-Gun & Yoo, Jonghyun & Oh, Wankeun, 2015. "Driving forces of rapid CO2 emissions growth: A case of Korea," Energy Policy, Elsevier, vol. 82(C), pages 144-155.
    8. Nilsson, Måns & Persson, Åsa, 2012. "Reprint of “Can Earth system interactions be governed? Governance functions for linking climate change mitigation with land use, freshwater and biodiversity protection”," Ecological Economics, Elsevier, vol. 81(C), pages 10-20.
    9. Cansino, José M. & Román, Rocío & Ordóñez, Manuel, 2016. "Main drivers of changes in CO2 emissions in the Spanish economy: A structural decomposition analysis," Energy Policy, Elsevier, vol. 89(C), pages 150-159.
    10. Nilsson, Måns & Persson, Åsa, 2012. "Can Earth system interactions be governed? Governance functions for linking climate change mitigation with land use, freshwater and biodiversity protection," Ecological Economics, Elsevier, vol. 75(C), pages 61-71.
    11. Alex Bowen, 2014. "Green growth," Chapters, in: Giles Atkinson & Simon Dietz & Eric Neumayer & Matthew Agarwala (ed.), Handbook of Sustainable Development, chapter 15, pages 237-251, Edward Elgar Publishing.
    12. Kumbaroğlu, Gürkan, 2011. "A sectoral decomposition analysis of Turkish CO2 emissions over 1990–2007," Energy, Elsevier, vol. 36(5), pages 2419-2433.
    13. Jacob Wood & Gohar Feroz Khan, 2015. "International trade negotiation analysis: network and semantic knowledge infrastructure," Scientometrics, Springer;Akadémiai Kiadó, vol. 105(1), pages 537-556, October.
    14. van den Bergh, J.C.J.M. & Botzen, W.J.W., 2015. "Monetary valuation of the social cost of CO2 emissions: A critical survey," Ecological Economics, Elsevier, vol. 114(C), pages 33-46.
    15. Li, Aijun & Du, Nan & Wei, Qian, 2014. "The cross-country implications of alternative climate policies," Energy Policy, Elsevier, vol. 72(C), pages 155-163.
    16. Strand, Jon, 2011. "Carbon offsets with endogenous environmental policy," Energy Economics, Elsevier, vol. 33(2), pages 371-378, March.
    17. Bosetti, Valentina & Carraro, Carlo & Duval, Romain & Tavoni, Massimo, 2011. "What should we expect from innovation? A model-based assessment of the environmental and mitigation cost implications of climate-related R&D," Energy Economics, Elsevier, vol. 33(6), pages 1313-1320.
    18. Richard S. J. Tol & In Chang Hwang & Frédéric Reynès, 2012. "The Effect of Learning on Climate Policy under Fat-tailed Uncertainty," Working Paper Series 5312, Department of Economics, University of Sussex Business School.
    19. Fujii, Hidemichi & Managi, Shunsuke, 2013. "Which industry is greener? An empirical study of nine industries in OECD countries," Energy Policy, Elsevier, vol. 57(C), pages 381-388.
    20. Pycroft, Jonathan & Vergano, Lucia & Hope, Chris & Paci, Daniele & Ciscar, Juan Carlos, 2011. "A tale of tails: Uncertainty and the social cost of carbon dioxide," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 5, pages 1-29.

    More about this item

    Keywords

    Energy Policy; GHG Reduction; South Korea; Governance; Global Climate Change; Emission Trading; Kyoto Protocol.;
    All these keywords.

    JEL classification:

    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • H10 - Public Economics - - Structure and Scope of Government - - - General
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • N55 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Asia including Middle East
    • N75 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Asia including Middle East
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • P41 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Planning, Coordination, and Reform
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:snv:dp2009:2014118. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jorn Altmann (email available below). General contact details of provider: https://edirc.repec.org/data/tesnukr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.