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A study on the effect of climate change policies on the Korean economy

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  • A study on the effect of climate change policies on the Korean economy
  • Ahn, Jaekyun
  • University of Birmingham


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Title A study on the effect of climate change policies on the Korean economy
Similar Titles
Material Type Articles
Author(English)

Ahn, Jaekyun

Publisher

[West Midlands]:University of Birmingham

Date 2014
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Conditions
Territorial Development < Environment
Holding University of Birmingham

Abstract

The purpose of this thesis is to analyse the impacts of Climate Change policies on the Korean economy. The following chapters investigate major issues of climate change policies such as initial emission allowance allocation methods in a cap and trade policy for an electricity sector and a carbon tax policy while reforming current energy taxes and the electricity pricing system. Chapter two assesses initial emission allowance allocation methods such as auction, uniform benchmark, fuel specific benchmark in the Korean electricity market with a Mixed Complementarity Problem (MCP) model. We found that giving away free permits makes the emission reduction more expensive, but the extra capacity triggered by the free allowances to new entrants based on the fuel-specific benchmark raises social welfare when the industry is not competitive. (The rest omitted)