| 来源类型 | Research papers
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| 规范类型 | 报告
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| The effects of GHG reduction policies on industrial trade flows |
| G. S. Oh
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| 发表日期 | 2014-12-31
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| 出版年 | 2014
|
| 语种 | 英语
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| 摘要 | ABSTRACT
1. Research purpose
The goal of this study is to evaluate the impact of the emissions trading scheme (ETS) on international trade of industrial sector in Korea. The implementation of Korean ETS from 2015 which is introduced ahead of major trading partners leads to concern that it may worsen the international competitiveness of the industrial sector. In this study, we focus on analyzing how the effects are different by industries depending on whether major trading partners implementing ETS and whether Korean ETS linking with their carbon markets. Furthermore, this analysis is expected to give a long-term policy proposal on emissions reduction policy taking into account the international competitiveness of Korean industrial sector.
2. Summary and discussions
The global computable general equilibrium (CGE) model built in this study using some scenarios on emissions reduction targets and implementation of ETS analyzes the changes in the production and trade of industrial sectors as well as national economic efficiency. Emissions reduction target scenarios reflects the actually announced reduction targets by countries except China. ETS implementation scenarios divided into two categories: the individual introduction of ETS by major trading partners and linking carbon markets each other. The result of the individual introduction of ETS scenarios shows that Korean economy efficiency is more negatively responsive to ETS in other countries than that of the major trading partners. This is interpreted as due to a reduced income effect of major trading partners in Korean economic structure of the high dependence on international trade with the same time increased production costs to reduce emissions. Examining the effects by industries, energy intensive industries lose the economic efficiency the most, however the more major trading partners accepting ETS is compensating the negative impact. In the case of exporting intensive industries, the implementations of ETS by more major trading partners worsen the negative impacts. By linking carbon market scenario analysis, EU-Korea carbon market linkage with individual ETS in China worse the economic efficiency the most. This means Korea lose the international competitiveness compared to China in this scenario. On the other hand, EU-China carbon market linkage with Korean individual ETS implementation reduce the decreases in production and trading as well as economic efficiency. The most effective way is to join a global emissions trading market. It seems the same results in most industries. This is caused by that the supply of emission allowance is increased by China and the price of emissions allowances is dropped, which can be understood reduce the cost of the industrial sector. In addition, it is also found that the negative impacts of ETS on changes in the volume of production and trade are relatively greater than the loss of economic efficiency. This is due that quantities in production and trade are more sensitively response to the implementation of ETS rather than prices. |
| URL | http://www.keei.re.kr/web_keei/en_publish.nsf/by_report_year/E9917CA86B5BC7B049257E11002A2FEA?OpenDocument
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| 来源智库 | Korea Energy Economics Institute (Republic of Korea)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/322862
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推荐引用方式
GB/T 7714 |
G. S. Oh. The effects of GHG reduction policies on industrial trade flows. 2014.
|
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