Application of AIM/Enduse Model to Korea [chapter]

Tae Yong Jung, Dong Kun Lee, Song Woo Jeon
2003 Climate Policy Assessment  
The AIM-Korea Model has been developed to analyze global environmental policies together with local ones in Korea. Various scenarios are considered for analyzing policy options to reduce CO 2 emissions. The major findings of this study can be summarized in terms of three aspects. Firstly, CO 2 emissions will continue to increase as long as energy demand increases. It could be difficult to introduce in the market by 2020 energy savings or devices with low CO 2 emissions in every sector without
more » ... ry sector without implementing any climate policy measures. Secondly, the policy implications of the mitigation of CO 2 emissions in Korea is that the adoption of energy-saving devices should be further encouraged, which is indicated by the simulation results showing that the scenario of providing subsidies leads to the most effective reduction in CO 2 emissions, as opposed to imposing only a carbon tax. Thirdly, the marginal cost of mitigating CO 2 emissions varies according to the sector. Hence, it is important to identify the potential sectors where CO 2 emissions reductions might be achievable at relatively low cost. According to the simulation results, the transportation, residential and commercial sectors could be potential candidates.
doi:10.1007/978-4-431-53985-8_8 fatcat:k25wjoc5vrhsnlk4rlmukudzvi