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Research Paper

Analysis of the Impact of Key Design Elements for the EU-ETS Phase 4 on the K-ETS in the Future

EU ETS 4기의 주요 제도 설계가향후 국내 배출권거래제 운영에 미칠 영향 분석

손인성*, 김동구**

Insung Son* and Dong Koo Kim**

*에너지경제연구원 기후변화연구팀 부연구위원, 제1저자(e-mail: isson@keei.re.kr)
**에너지경제연구원 기후변화연구팀 연구위원, 교신저자(e-mail: eastnine09@gmail.com)
*Associate Research Fellow, Climate Policy Research Team, Korea Energy Economics Institute, First author(e-mail: isson@keei.re.kr)
**Research Fellow, Climate Policy Research Team, Korea Energy Economics Institute, Corresponding(e-mail: eastnine09@gmail.com)
31 March 2021. pp. 129-167
PDF Citation
Abstract
The emission trading system is an essential policy for reducing greenhouse gas emissions and converting low-carbon society. EU ETS is a good benchmark that is ahead of Korea’s emission trading system in terms of operating period and design know-how. Therefore, this study focused on the key design elements of EU ETS phase 4 such as total emission allowances issued (Cap), free allocation method, carbon leakage list, market stability reserve, and innovation supporting system. In addition, we analyzed the impact of key design elements and their changes during EU ETS Phase 1 to 4 on the design and operation of Korea emission trading system in the future. First of all, the expected impact on the design of Korea emission trading system is to increase three demands: preparing benchmark renewal plans, establishing criteria for selecting free allocation industries that reflect domestic industrial structure and characteristics and introducing two-stage evaluations for free allocation industries, and preparing specific plan to support innovation and industries using allowance auction revenues. The next three impacts on the operation of Korea emission trading system are the increased needs for objective and in-depth impact assessment of plan and amendments, provision of system stability and response opportunities by quickly confirming plan and amendments prior to the implementation, and coordination of the emission trading system governance and stakeholder participation encouragement.
Keywords
Emission Trading System
EU ETS
GHG Reduction
System Design
Climate Change
European Union(EU)
배출권거래제는 온실가스 감축과 저탄소 사회로의 전환을 위한 핵심 정책이다. EU 배출권거래제(EU ETS)는 운영기간, 핵심 설계 노하우 등에서 국내 배출권거래제보다 앞서 있는 좋은 벤치마크 대상이다. 이에 본 연구는 EU ETS 4기의 주요 제도 설계를 배출허용총량(Cap), 배출권 무상할당방식, 유·무상할당업종 선정 방식, 시장안정화 조치, 감축지원제도 등을 중심으로 살펴보았다. 그리고 EU ETS 1-4기의 주요 설계와 주요 설계 변경이 향후 국내 배출권거래제의 설계 및 운영에 미칠 영향을 각각 분석해보았다. 우선, 국내 배출권거래제 설계에 대한 영향으로는 벤치마크 갱신 방안 마련, 국내 산업구조 및 특성을 반영한 무상할당업종 선정 기준 마련과 2단계 평가 도입, 경매 수익의 구체적 활용방안 마련의 세 가지 요구가 증대될 것으로 예상된다. 다음으로 향후 배출권거래제 운영에 미칠 영향으로는 제도 개정의 객관적이고 심도 있는 영향평가, 계획 및 제도 개정의 이른 확정을 통한 제도 안정성 및 대응 기회 제공, 배출권거래제 거버넌스 조정 및 이해관계자 참여 확대 유도 세 가지를 들 수 있다.
키워드
배출권거래제
EU ETS
온실가스 감축
제도 설계
기후변화
유럽연합(EU)
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Information
  • Publisher :Environmental and Resource Economics Review
  • Publisher(Ko) :자원 · 환경경제연구
  • Journal Title :자원·환경경제연구
  • Journal Title(Ko) :Environmental and Resource Economics Review
  • Volume : 30
  • No :1
  • Pages :129-167
  • DOI :https://doi.org/10.15266/KEREA.2021.30.1.129
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