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The Korean energy and GHG target management system : An alternative to Kyoto-protocol emissions trading systems?

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  • The Korean energy and GHG target management system
  • Niederhafner, Stefan
  • Seoul National University


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Title The Korean energy and GHG target management system
Similar Titles
Sub Title

An alternative to Kyoto-protocol emissions trading systems?

Material Type Reports
Author(English)

Niederhafner, Stefan

Publisher

[Seoul, South Korea]:Seoul National University

Date 2014-10
Series Title; No TEMEP Discussion Paper / 2014:118
Pages 22
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Energy
Territorial Development < Environment
Holding SSRN

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. (The rest omitted)