A Comparative Study of EU and Japan ETS for Activation inKorean GHG Emission Trading System
이정은 ,조용성† ,이수철
Lee, Jeong Eun, Cho, Yongsung† and Lee, Soo-Cheol
This study has aimed to compare an emission trading system (ETS) in the EU and Japan that introduced the scheme prior to Korea and provided the latter with a benchmarking model. Especially, the EU has a reputation for its well-organized and evolving system, and Japan has also successfully established the system despite its similar condition with Korea, such as an industrial structure and the degree of energy dependence. However, there are noticeable differences between the EU and Japan in their ETS. Whereas Japan has focused on securing certifications in CDM as the implementation of Kyoto protocol, EU has shown a tendency to transform the trading market from a parallel structure of EUA and CER transaction to only the EUA transaction after ending of 1st commitment period of the Kyoto Protocol. Since the differences were mainly caused by not only in a design of the system but also in internal governance and their national circumstance, it is meaningful to analyse the Korean case with a similar framework. This study may contribute to designing an appropriate system for emission trading in Korea through the comparison of the EU and Japanese case.
Emission Trading System, EU-ETS, Japanese Voluntary Emissions Trading Scheme, United Emission Trading Scheme
02-이정은.pdf
