TY - JOUR
T1 - Flexible operation of the Cap-and-Trade System for the air pollutants in the Seoul Metropolitan area
AU - Yeo, M. J.
AU - Kim, Y. P.
N1 - Funding Information:
This work was supported by a National Research Foundation of Korea (NRF) grant, funded by the Korean government (MEST) (No. 2010-0001898 ) and the Korea Meteorological Administration Research and Development Program under Grant RACS_2010-3006 .
PY - 2012/8/30
Y1 - 2012/8/30
N2 - To improve the air quality in the Seoul Metropolitan area (SMA), the Korean government has implemented special measures in the 1990s. As part of these measures, the Cap-and-Trade System (CATS) was introduced and executed in July 1, 2007 for the oxides of nitrogen (NOx) and sulfur (SOx) to provide added flexibility for large sources to meet the required emission reductions. However, the trade via the SMA CATS for the air pollutants has not been active because of the limited buyers and sellers within the system as well as limited tradable species. For more flexible operation of the SMA CATS, following strategies have been suggested and their merits are discussed; (1) to link the SMA CATS with the Korea Voluntary Emission Reduction (KVER) program which is a program to manage greenhouse gases (GHGs), and (2) to extend the system, such as extension of the tradable species, participants, and introducing a project-based certification mechanism for pollutants reduction.
AB - To improve the air quality in the Seoul Metropolitan area (SMA), the Korean government has implemented special measures in the 1990s. As part of these measures, the Cap-and-Trade System (CATS) was introduced and executed in July 1, 2007 for the oxides of nitrogen (NOx) and sulfur (SOx) to provide added flexibility for large sources to meet the required emission reductions. However, the trade via the SMA CATS for the air pollutants has not been active because of the limited buyers and sellers within the system as well as limited tradable species. For more flexible operation of the SMA CATS, following strategies have been suggested and their merits are discussed; (1) to link the SMA CATS with the Korea Voluntary Emission Reduction (KVER) program which is a program to manage greenhouse gases (GHGs), and (2) to extend the system, such as extension of the tradable species, participants, and introducing a project-based certification mechanism for pollutants reduction.
KW - Air quality management
KW - Cap-and-Trade System
KW - Green house gases
KW - Integrated management
KW - Seoul Metropolitan area
UR - http://www.scopus.com/inward/record.url?scp=84860221585&partnerID=8YFLogxK
U2 - 10.1016/j.jenvman.2012.03.022
DO - 10.1016/j.jenvman.2012.03.022
M3 - Article
C2 - 22542982
AN - SCOPUS:84860221585
SN - 0301-4797
VL - 105
SP - 138
EP - 143
JO - Journal of Environmental Management
JF - Journal of Environmental Management
ER -
