Sep / 2010 Aug / 2010 Jul / 2010 Jun / 2010 May / 2010 Apr / 2010 Mar / 2010 Feb / 2010 Jan / 2010 Dec / 2009 Nov / 2009 Oct / 2009 Sep / 2009 Aug / 2009 Jul / 2009 Jun / 2009 May / 2009 Apr / 2009 Mar / 2009 Feb / 2009 Jan / 2009 Dec / 2008 Nov / 2008 Oct / 2008 Sep / 2008 Aug / 2008 Jul / 2008 Jun / 2008 May / 2008 Apr / 2008 Mar / 2008 Feb / 2008 Jan / 2008 Dec / 2007 Nov / 2007 Oct / 2007 Sep / 2007 Aug / 2007 Jul / 2007 Jun / 2007 May / 2007 Apr / 2007 Mar / 2007 Feb / 2007 Jan / 2007 Dec / 2006 Nov / 2006 Oct / 2006 Sep / 2006 Aug / 2006 Jul / 2006 Jun / 2006 May / 2006 Apr / 2006 Mar / 2006 Feb / 2006 Jan / 2006 Dec / 2005 Nov / 2005 Oct / 2005 Sep / 2005 Aug / 2005 Jul / 2005 Jun / 2005 May / 2005   Infomag  〉 Green View Aug / 2010 UNEP Respects Korea's Green Growth Policy On April 22nd, Mr. Achim Steiner, Secretary General of UNEP, announced “Korea’s Green Growth Policy Report” which introduces and evaluates Korea’s green growth policies, and delivered it to Mr. Lee Maan-ee, the Minister of Environment. Earlier, UNEP had published a political report called『Global Green New Deal Policy Brief』(GGND) in March 2009 and has being carrying forward green example policies, inducing all aountries as a follow-up of the report to the green economy. The first example policy is about Korea's Green Growth. The report describes that the policies of Korea's Green New Deal and Green Growth Strategy in the Green Growth Policy can be the right examples to lead Asian countries and the policy would cause them to change. It also says that it is encouraging for Korea to decrease 30% of the greenhouse gas until 2020 and 4 River Restoration Project, which will solve water shortage problems and revive the regional economy. Further detailed contents of the report are posted on the web sites of the UN organisation and the Korean Ministry of Environment. Korea Embarks on Green Certification System for Green Industry Growth Green Certification System has been introduced to facilitate private investment in the green industry since last April. It is divided into two sections- green technology and green industry. The green certification gives benefits at the government level such as tax relief for the fund and support in trading and marketing. Registration and issuance of the green certification is operated by KIAT (Korea Institute for Advancement of Technology) and 9 organisations evaluate their technologies. After this evaluation, the green certification will be issued by the ministries of each section in the organisations. It will be effective for two years from the date of its certification, and reapplication is possible three months prior to its expiration. Green Certification System solves the uncertainty of green finance investment by clearly stating green technologies as well as green business and related firms. At the same time, by mutual awareness and efforts of private investors, bank, corporation and governments, it could also be able to achieve ‘Best Performance’ that is practiced by the government’s ‘Green Growth Vision’. The relevant authority will confirm and announce the final corporation-support plan, when the first results for Green Certification acquiring companies are expected to release. More Days in Better Air Quality in the Metropolitan Area According to research by the department of Metropolitan Area Air-Environment of the Ministry of Environment, the days under the air standard density in the Metropolitan area are increasing for last three years (2007∼2009). The days under the level of fine dust particles in Seoul in 2009 increased 41 days more, than the one in 2007 and the days under the standard level of nitrogen dioxide in 2009 also increased to 29 more days. In the seasonal research, the air quality was getting better in summer and fall while it was getting worse in winter and spring periodically. It is understood that the result was caused by meteorological factor such as precipitation or yellow dust. The annual average of air quality for fine dust particles is improving with Seoul as the centre, and the ozone warning has been slightly reducing while the density of the nitrogen dioxide is slowly improving. The Department of Metropolitan Area Air-Environment has been conducting metropolitan area air-environment improvement policy until 2014 to adjust its level up as the developed country and the organisation will also have more connection detailed with the Meteorological Administration to research about yellow dust, long distance pollutant, and meteorological factor to the air quality. Korea Environment Corporation acts on an approval certificate business for CDM toward a big market, China Mr. Park Seung-whan, the President of Korea Environment Corporation (KECO) stated that the corporation will launch a DOE (Designated Operational Entity) branch in China last April. ※ CDM : Clean Development Mechanism ※ DOE : Designated Operational Entity: the organization that verifies CDM on behalf of the UN China‘s CDM business is a huge portion at 33.9% of the World with 1,961 business and it is about 51% in Asian CDM Market. It is prospective as it is one of the largest CDM business markets. In case of Korea, there are 72 CDM businesses (9 organisations including KECO). It shows that Korea needs to find overseas market for its CDM market expansion. China expects to acquire about € 200,000 a year for approval certificate fees with the action starting of DOE in China. Also it is expected that Korea penetrates into international CDM markets with its technologies as a Green Growth leading country. DOE branch will be built in Shanghai or Hangzhou in China for inventory approval certification system and new market development in China. Regulations Reinforced for Waste Water Discharge from 2012 The Ministry of Environment announced last April that the enforcement regulation for waste water discharge standard might tighten up from 2012 to improve river water quality. The enforcement regulation is consolidated for the level of phosphorus, COD, and non-point sources. The total phosphorus level of area nearby water source and waterfront will be consolidated 20 times lower from 4㎎/L to 0.2㎎/L, and COD level will be also reinforced in a double in regards of waste water quality in 4 areas applying different level. Regulation of the total phosphorus level will be applied from 2012 and the one of COD will start in 2013. With regard to action rationalisation, for the waste treatment system with recycling, the capacity of waste water recycling storage would be calculated by a daily waste water amount in maximum. Moreover, as a part of reforms, the period for non-pollutant reporting system is expanded from the very day to 15 days after for system installing and from 7 days to 15 days after for system modifying. The Ministry of Environment expects that the water quality will be improved by the reinforced regulation. Sudukwon Landfill Corporation Starts a Project with Gas-Engine Generator System as a start action shot on Climate Change The Ministry of Environment and Sudukwon Landfill Corporation announced that CDM business will start with getting 294,672 CO2 Tone of the first Emission Trading Scheme by UN and 7 million CO2 Tone of Emission Trading Scheme can be secured during the period of CDM project going; April 30, 2007 ~ April 29, 2017. From the CDM business registration, April 30, 2007 to November 30 in the same year, the first result of the emission trading scheme was 394,672 CO2 tons. 394,672 CO2 tons are an amount of a greenhouse gas that could come out from 170,000 automobiles a year. The amount is possible to make profits of approximately 7 billion Korean won if emission trading scheme is appropriately dealt. It is an innovative technology with three benefits at once, which are preventing odor, producing renewable energy, and reducing greenhouse gas from Landfill gas with reusing 50 MW by generating system from collecting Landfill gas. The Direction of Basic Law on Low Carbon Green Growth Climate Change and Green Growth After the Industrial Revolution, the increase in use of fossil fuel caused the increase of density of 379ppm carbon oxide in 2005 in 250 years that the global temperature in average augmented as much as 0.74℃. It had caused various disasters, such as sea level rise, and destruction of ecosystem. Therefore, major countries have set Green Growth as a National vision, which pursues economic growth and environmental preservation simultaneously. Moreover, industrial circle supporting project is actively pushing ahead to preoccupy the world’s green business market by taking Green Business as a growth engine for the next generation. Japan Japan plans to increase the capacity of generation electricity of solar power to 20 times higher than the one at present and to produce 50% more of hybrid or electric cars among all new automobiles and to enlarge the portion of the new and renewable energy to 20% in the total energy. Last March, Japan announced General Regulation of Countermeasure on Global Warming. Through the announcement, the goal of greenhouse gas reduction is down to 25% by 2020 and 80% by 2050. However, it is on a guess that the other major countries have actions as they would, it also added that they would get a credit from developing countries instead of technology transfer. The bill contains adopting Emission Trading Scheme as a response from environment industry suggestions and new and renewable energy purchase in a system at fixed prices. Furthermore, Japan supports companies who participate in Top Runner Strategy and JVETS-Japan Voluntary Emissions Trading Scheme with subsidies and even about 6 million won (0.5 million Yen) of incentives to hybrid car consumers. China China, which is so called factory of the World, has become the number 1 country for greenhouse gas emission at 27 million tons- 21% of world CO2 emission since 2007. In June 2007, China presented that they will reduce energy consumption to 20% per GDP by 2010 comparing to 2005 while increasing the consumption of possible renewable energy to 10% by 2010 and to 15% by 2020. To achieve this goal, Chinese government plans to build plants for nuclear power, wind power, solar power and to secure budgets to the new and renewable energy technologies. The new and renewable energy consumption has already exceeded 9.9% in 2009, and the budget of the new and renewable energy investment in China was 35 billion dollars - the budget amount is nearly doubled that of the US to new and renewable energy technologies so that China has become a mecca of new and renewable energy industry. In particular, the wind power had doubled in an extension per year for last 5 years so that the capacity of wind power electricity is 25,000 MW- it is the number ranked after US and Germany. China sets a limit in domestic equipment use to 70%~80% of all systems of wind and solar power to protect its renewable energy industry in trade and benchmarks green regulations in EU. Meanwhile, China submitted 40%~45% of greenhouse gas reduction by 2020 to UNFCCC according to the agreement in Copenhagen last January. General Regulations of Low Carbon Green Growth Korean government declared Low Carbon Green Growth as a new vision in August 2008 and 『Enforcement Ordinance of Low Carbon Green Growth』 came into effect to push this new vision systematically since last April 14. It is noteworthy that in this enforcement ordinance, especially, the action starts in setting a system of greenhouse gas to achieve the goal of the mid-term project. At a first step, in the article 25, ‘Settlement and Management of National goal of Greenhouse Gas reduction’, it is written in enforcement ordinance that greenhouse gas emission will be reduced to 30% compared to the amount of expected greenhouse gas emission in 2020. The Ministry of Environment sets up an integrated centre of greenhouse gas information in regards to the article 26, ‘Principal and Role in Greenhouse Gas and Energy goal management’ and the article 36, ‘Systemizing and Managing National Greenhouse Gas Information Management System’ and supports to set greenhouse gas inventory system by sector. The Ministry of Knowledge Economy controls industry development, the Ministry of Food, Agriculture, Forestry, Fisheries takes charge of agriculture and stockbreeding, the Ministry of Land, Transport, and Maritime Affairs is in charge of buildings and transportations, and the Ministry of Environment manages wastes respectively. The article 29, ‘Guidelines of Management Corporation’ will be designated to the corporations which emitted 125,000 CO2 tone and 500 Terajoules in total in last 3 years. The article 30, ‘Method and Process of Management by Objectives in regards to the Corporations’ will be applied step by step from the selection of management corporations, confirmation and notification of the Ministry of Environment, settlement of goal, submission of plan, and to submission of performance of the previous year. The article 35, ‘Release Statement’ which was in controversy due to business confidentiality protection, should be released unless having specific reasons; however, if a management firm requests for a closed statement, it is required to attach the reason of its privacy. The article 33, ‘Approvement for Pre-reduction’ is reflected by the article 46, ‘Emission Trading Scheme’ when setting up quota of the greenhouse gas emission. It is evaluated that enactment of the enforcement ordinance systemises laws and regulations on Green Growth as well as establishes a legal framework after the last year’s announcement about mid-term goal for greenhouse gas reduction. By Dr. Kwang Li Choi Manager of Green Growth Environment Sustainable Management Department Korea Chamber of Commerce and Industry From the left, Mr. Nobuo Tanaka, and Mr. LEE Joon-Hyun, President of KETEP Green Bulletin section - E² Committee members were cordially invited to the introduction of the Energy Technology Perspective 2010, by KETEP. The International Energy Agency Executive Director, Mr. Nobuo Tanaka came to Seoul on July 16th and delivered a keynote speech presenting the “Energy Technology Perspective” on the horizon 2050. Mr. Tanaka was invited by the Korea Institute of Energy Technology Evaluation and Planning (KETEP) and the Ministry of Knowledge Economy (MKE). KETEP is the Korean government body with mission to fund energy technology R&D programmes after planning and evaluating potential performances. This major Korean public player is focusing on better leveraging innovation to drive green growth and in addition, has also capacity to manage the national energy R&D projects. Mr. Tanaka sees the first early signs of an energy technology revolution underway across the globe. However, commitment and efforts are not yet globally strong enough to achieve the necessary long-term CO2 cuts, and meet our today forecasted targets. Presenting the new IEA study Energy Technology Perspectives (ETP) 2010 in Washington DC, he said: “after sowing the seeds for such a revolution in our last edition in 2008 by demonstrating that greater reliance on low-carbon technologies can transform the way we produce and use energy, ETP 2010 now highlights the first ‘green shoots’ of what could become such a fundamental change.” Following, global investments in renewable electricity generation, led by wind and solar, reached an all-time high of $ 112 billion in 2008 and remained broadly stable in 2009 despite the economic downturn. Many major car companies are adding hybrid and all-electric vehicles to their fleets. Expanded production of such vehicles combined with the purchase incentives available in many countries, could put more than 5 million such vehicles on the road in the next 10 years, he emphasized. Funds for low-carbon energy research, development and demonstration (RD&D) have increased by one-third between 2005 and 2008, helping to reverse a declining trend that started in the early 1980s. IEA committed countries and other major economies aims now at doubling such investments by 2015 and pursue and develop efforts to reach commercialization and application of these today’s RD&D technologies. “What we need is rapid, large-scale deployment of a portfolio of low-carbon technologies; we need a massive de-carbonisation of the power chain, breaking the historical link between CO2 emissions and economic output, and leading to a new age of electrification, smarter and environment friendly” said Mr. Tanaka, emphasising that ETP 2010 demonstrates that all these efforts are vital if we wish to impact sustainably on climate change curve and limit as much as possible its harmful effects. He also pointed out that an estimated 1.5 billion people still do not have access to electricity, he stated “this adds tremendous urgency to bring electrification efforts worldwide.” ETP 2010 Baseline scenario shows, that without innovative policies, fossil fuels might continue to provide most of the world’s energy needs, and could double CO2 emissions almost to 57 Giga tonnes (Gt) by 2050. ETP 2010 also bring a clear vision on how the transition to a low-carbon economy is possible and will enhance energy security and support economic development on a long term view. Under this scenario, the global demand for oil, for gas and for coal in 2050 would all be lower than today, with world oil demand alone being 27% less than in 2007. For instance, oil demand in the United States and developed European countries would drop by more than 60% and 50% respectively; in China oil demand would only increase to half the level seen in the Baseline scenario. Also, according to the BLUE Map scenario, global oil demand is expected to reach the level off ‘plateau’ around 2030-2035. This would mean less pressure on prices and import dependency for many countries. “However,” Mr. Tanaka stressed “we should not forget that even with this low-carbon revolution, fossil fuels mighty still account for 46% of primary energy demand in 2050, meaning that we still will need significant and continuous investments in these innovative fields. Top priorities on short and mid-term visions are as follows: - To increase energy efficiency. - Implement low-cost options and incentives for reducing actual consumption – many of which are already possible –that will offer the greatest potential to cut drastically CO2 emissions over the period to 2050. It means that definitely political motivation is required in addition with education to enhance automatism and volunteerism of everyone’s actions. - This might require that current rates of energy efficiency seen in OECD countries would be replicated across the world and maintained over the next 40 years at least. - De-carbonising the electricity sector, the second-largest source of emissions reductions. By 2050, renewable electricity generation would need (as this is no more an option) to represent almost half of electricity generation, today at 18%. Under BLUE Map, by 2050, more than 50% of all light duty vehicle sales worldwide should be either plug-in hybrid or all-electric vehicles. This represents a huge investment in technology development and infrastructure, but it will also deliver high returns of costs of contribute in achieving the “50% by 2050” goal of the BLUE Map scenario. Moreover, the BLUE Map scenario is estimated of USD 46 trillion more than the Baseline scenario over the period to 2050. Most of this reflects additional spending by consumers on more efficient and low-carbon end-use equipment, particularly for vehicles. Yet importantly, ETP 2010 demonstrates that over the same period, very positive returns on investment could be achieved with fuel savings alone of USD 112 trillion, along with other economic, social and environmental benefits. Finally, Mr. Tanaka concluded that “By providing concrete guidance, ETP 2010 aims to prompt broader engagement of all players and sectors, and achieve the necessary step-change in the rate of progress.” “Nuclear, wind and solar power market & profit trends in Korea” by Mr. Won-Yeol CHOI, Small Medium Cap Team Main Analyst, KB Research Centre. Mr. Won-Yeol Choi on the stages presenting the report Korea’s growth and growth strategy in the power is definitely nuclear power based. This is now not a secret for professionals in the power sector. Nevertheless, Committee members were a bit surprised to listen to Mr. Choi Won-yeol's presentation on June 30th. He presented professionally the full report of KB Research Center forecasting added values, strength and weaknesses of the power industry and players in Korea. The report was duly highlighting the players, their business relations, their macro strategy and the forecasted impact that such scheme would have for the Korean industry in the future. Some of E² Committee members have already qualified Mr. Choi presentation as high-value to think and rich strategic partnerships with Korean rising players. More details in the green bulletin of the E² Committee. http://www.eucck.org/site/committees/environment_committee.htm