DOI: 10.1080/14693062.2016.1213696
Scopus记录号: 2-s2.0-84982292044
论文题名: Korea’s approach to overcoming difficulties in adopting the emission trading scheme
作者: Oh H ; , Hyon J ; , Kim J ; -O
刊名: Climate Policy
ISSN: 1469-3062
EISSN: 1752-7457
出版年: 2017
卷: 17, 期: 8 起始页码: 947
结束页码: 961
语种: 英语
英文关键词: carbon emissions trading
; governance
; institutional framework
; legislative processes
Scopus关键词: carbon emission
; emissions trading
; financial market
; governance approach
; institutional framework
; legislative implementation
; Korea
Scopus学科分类: nvironmental Science: General Environmental Science
; Earth and Planetary Sciences: Atmospheric Science
英文摘要: In this study, we aim to describe the background for design characteristics of emissions trading schemes (ETS) in developing and emerging economies, with a particular focus on the case of Korea. These countries may face unique hardships such as fierce opposition from industry sectors, the presence of a power imbalance between the Ministry of Environment (MOE) and ministries that are in charge of supporting output growth, and the absence or incomplete development of financial markets and auctioning mechanisms. To overcome these hardships, the Korean government legislated laws that defined timelines for every stage of ETS development, established a strategic governance architecture to make up the weak position of the MOE, offered strong market-stabilizing measures focused on maintaining the allowance price below a certain level, and provided support packages to make the low-carbon transition easy by compensating for losses caused by the Korea Emissions Trading Scheme (KETS). Such policy instruments that made adoption of KETS easier could be obstacles to making it efficient. Policy relevance In the process of adopting a cap-and-trade system, both a developing economy and an emerging economy may face unique hardships, such as strong opposition from industry sectors, the presence of a power imbalance between the Ministry of Environment (MOE) and ministries that are in charge of supporting output growth, and the absence or incomplete development of financial markets and auctioning mechanisms. To make up for the weak base of Korea’s ETS, the government legislated laws that defined timelines for every stage of the ETS development, established a strategic governance architecture to make up for the weak position of the MOE, offered strong market-stabilizing measures focused on maintaining the allowance price below a certain level, and provided support packages to make the low-carbon transition easy by compensating for losses caused by the Korea’s ETS. Korea’s experiences can be shared with other developing economies that are considering adoption of a cap-and-trade scheme. © 2016 Informa UK Limited, trading as Taylor & Francis Group. Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/80240
Appears in Collections: 科学计划与规划
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作者单位: College of International Studies, Kyung Hee University, Yongin-si, South Korea; Korea Legislation Research Institute, Sejong-si, South Korea; Department of Landscape Architecture, Kyung Hee University, Yongin-si, South Korea
Recommended Citation:
Oh H,, Hyon J,, Kim J,et al. Korea’s approach to overcoming difficulties in adopting the emission trading scheme[J]. Climate Policy,2017-01-01,17(8)