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Measuring growth-CO₂emission trade-offs for climate change responses and compensation policies : The case of Korea

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  • Measuring growth-CO₂emission trade-offs for climate change responses and compensation policies
  • Hoa, Tran Van
  • The Association of Korean Economic Studies


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Title Measuring growth-CO₂emission trade-offs for climate change responses and compensation policies
Similar Titles
Sub Title

The case of Korea

Material Type Articles
Author(English)

Hoa, Tran Van

Publisher

[Seoul]:The Association of Korean Economic Studies

Date 2011-08
Journal Title; Vol./Issue Korea and the World Economy:vol. 12(no. 2)
Pages 25
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Territorial Development < Environment
Holding AKES

Abstract

In response to growing concerns about global warming and climate change, numerous energy scenario or CGE models have been developed worldwide to provide alerts, mitigation, adaptation, financial and sustainability policy options (IPCC, 2010; UNFCCC, 2010). In the case of Korea, limited work on national action plans and mitigation policies has also been reported (Oh, 2008; Yoo, 2008). However, rigorous economic analysis of the trade-off between CO2 emissions and economic growth for credible climate change policies is still limited globally (Stern, 2004; Ruijven et al., 2008). To improve analysis, debate and policies in this field with Korea as a special case-study, the paper develops a new top down endogenous growth-CO2 multi-equation model with an endogenous environmental Kuznets curve to provide robust empirical findings on the trade-off and subsequent credible responses and compensation policies. The outcomes are useful to global warming researchers, climate change negotiators, and national policy-makers.