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Energy and Environment

Efficiency versus equality

: Comparing design options for indirect emissions accounting in the Korean emissions trading scheme
  • Efficiency versus equality
  • Oh, Inha; Yeo, Yeongjun; Lee, Jeong-Dong
  • [Basel, Switzerland] : Multidisciplinary Digital Publishing Institute
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Title Efficiency versus equality
Subtitle Comparing design options for indirect emissions accounting in the Korean emissions trading scheme
Author Oh, Inha; Yeo, Yeongjun; Lee, Jeong-Dong
Publisher [Basel, Switzerland] : Multidisciplinary Digital Publishing Institute
Publication Date 2015 - 11
Material Type Article
Country South Korea Holding MDPI
Language English License
Pages 21

Abstract

The Korean emissions trading scheme (ETS) has one special characteristic that makes it different from other schemes, such as the EU ETS. While the other schemes consider only direct emissions from fossil fuels, the Korean ETS also regulates indirect emissions arising from the consumption of electricity. The problem of double counting arises under this setting, in which emissions from the power sector can be accounted for twice, when electricity is produced and consumed. This study aims to compare design options on indirect emissions accounting for the Korean ETS using a computable general equilibrium model. Four scenarios are generated for options accounting for direct and/or indirect emissions and are evaluated in terms of efficiency and equality. The result shows that the ETS operates most efficiently when only direct emissions are considered. (The rest omitted)

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