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The Korean Energy and GHG Target Management System: An Alternative to Kyoto-Protocol Emissions Trading Systems?

Author

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  • Stefan Niederhafner

    (College of Social Sciences, Seoul National University)

Abstract

The Energy and Greenhouse Gas (GHG) Target Management System (TMS) is one of South Korea’s major instruments to achieve national energy policy as well as GHG reduction targets. The TMS was introduced in the late 1990s, focusing on energy only and aiming to reduce the level of South Korea’s energy consumption and fossil fuel imports. During the presidency of Lee Myung-bak, the system was reformed and a GHG abatement function was integrated. This paper applies an analytical governance perspective to investigate the main procedural logic of the TMS. Even though South Korea’s GHG policy is closely linked to the Kyoto Protocol, the Energy and GHG TMS does not rely on market-based instruments. In fact, it combines command-and-control components with strong voluntary network-like mechanisms. The analysis indicates that the Korean TMS thus represents a policy alternative to an emissions trading system. In conclusion and in reference to an eventual Kyoto follow-up agreement, the paper recommends a better integration of such not market based, energy consumption and GHG abatement addressing instruments with global climate change politics.

Suggested Citation

  • Stefan Niederhafner, 2014. "The Korean Energy and GHG Target Management System: An Alternative to Kyoto-Protocol Emissions Trading Systems?," TEMEP Discussion Papers 2014118, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Sep 2014.
    • Handle: RePEc:snv:dp2009:2014118
    as

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    File URL: http://temep-repec.my-groups.de/DP-118.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Energy Policy; GHG Reduction; South Korea; Governance; Global Climate Change; Emission Trading; Kyoto Protocol.;
    All these keywords.

    JEL classification:

    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • H10 - Public Economics - - Structure and Scope of Government - - - General
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • N55 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Asia including Middle East
    • N75 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Asia including Middle East
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • P41 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Planning, Coordination, and Reform
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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