Journal of Korea Society of Waste Management
• Journal Abbreviation : J. Korea Soc. Waste Manag.
• Frequency : issued six times a year
• Doi Prefix : 10,9786/kswm
• ISSN : 2093-2322 (print)
• ISSN : 2287-5638 (online)
• Year of Launching : 1984.12.
• Publisher : Prof. Seok-Wan Kim (Daegu Hanny University)
• indexed/Tracked/Covered By :
Journal Search
Current Issue
The Impact of Low Carbon Transition for Carbon Neutrality on the Waste Management Industry : Focusing on the Event of Increasing Nationally Determined Contribution(NDCs) of South KoreaSanghoon Kwak , Hohyun Kim , Jinwon Park 41(5) 441-457, 2024 DOI:10.9786/kswm.2024.41.5.441
TitleThe Impact of Low Carbon Transition for Carbon Neutrality on the Waste Management Industry : Focusing on the Event of Increasing Nationally Determined Contribution(NDCs) of South Korea
Sanghoon Kwak , Hohyun Kim , Jinwon Park DOI:10.9786/kswm.2024.41.5.441 AbstractUnder the Paris Agreement signed in 2015, the 195 member countries are required to submit their greenhouse gas reduction targets, known as Nationally Determined Contributions (NDCs), every five years. In 2021, South Korea raised its target from the previous goal of a 26.3% reduction to a 40% reduction compared to 2018 levels. As carbon reduction targets become stricter, transition risks, such as higher production costs and stranded assets, may increase during the shift to a low-carbon society. We conducted an empirical study using the event study methodology to examine whether South Korea's carbon reduction policies have impacted the waste management industry as a transition risk. To understand these impacts clearly, we studied companies in high-carbon emission sectors like utilities, low-carbon sectors like renewable energy, and carbon reduction sectors including those involved in secondary batteries, hydrogen, and CCUS (Carbon Capture, Utilization, and Storage). The study found that waste management companies showed significant negative reactions, similar to those in the utility sector. Renewable energy companies showed no clear reaction, while companies in the carbon reduction sector had a significant positive reaction. This suggests that the shift to a low-carbon society due to carbon reduction policies can create risks for some industries and opportunities for others. To better understand why waste management companies reacted negatively, we conducted a cross-sectional regression analysis. The results showed that companies with more total assets had more negative reactions. This suggests that the transition from high-carbon facilities to low-carbon ones is expected to lower the value of current assets. Therefore, the waste management industry, which faces a decline in asset value and transition risks due to its high-carbon facilities, needs proactive and systematic government support. To help develop technologies for carbon reduction and the shift to low-carbon facilities, the government must provide a clear long-term vision and large-scale public green funds. Also, using green classification systems and supporting private financial institutions can help combine private ESG finance with public finance, leading to larger-scale green finance. Key WordsWaste management industry, Low carbon transition, Event study, NDC, Carbon neutrality |
CFD Analysis of Calcination Reaction and Alternative Fuel Combustion in Cement Kiln Preheater
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An Analysis of Korea's End-of-Life Battery Strategies Based on Global Policy TrendsHye Sook Lim , Sora Yi , Inchul Go , Jihwan Park 41(5) 469-485, 2024 DOI:10.9786/kswm.2024.41.5.469
TitleAn Analysis of Korea's End-of-Life Battery Strategies Based on Global Policy Trends
Hye Sook Lim , Sora Yi , Inchul Go , Jihwan Park DOI:10.9786/kswm.2024.41.5.469 AbstractMany countries have implemented diverse battery-related policies addressing various aspects. These policies span the comprehensive perspective, from battery production to recycling, battery circularity and safety, the lifecycle management of electric vehicle batteries, and research and development for technology advancement. This study examines the battery policy trends of EU, USA, China, and South Korea, and offers insights for South Korea’s battery-related strategies. EU has been actively working on battery regulations since 2018 as a strategic imperative. In 2023, EU adopted the Battery Regulation. USA has published a national blueprint for lithium battery and is implementing policies, including funding for domestic battery production and recycling. China has been strengthening the recycling of waste batteries from electric vehicles and increasing the circularity of batteries through enhanced battery collection and tracking management. South Korean government has also been promoting battery-related industries, building infrastructure, increasing safety, and improving institutions, including management systems and policies to promote the circularity of end-of-life batteries. South Korea’s strategy is characterized by public-private partnerships. However, South Korea still lacks a specialized legal framework for battery circularity, and there is a need to implement additional systems for identifying and managing hazardous substances in batteries. It is also necessary to promote product designs that facilitate easy battery removal and replacement, and strengthening user access to battery information is recommended. Key WordsCircular economy, Global battery policies, Circular battery utilization, Sustainability, Waste battery circularity |
Emission Characteristics of Particulate Matter and PCDDs/PCDFs due to Changes in Auxiliary Processes of a Coal-fired Power Plant
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South Korea’s Plastic Lifecycle Management Strategy for Carbon Neutrality: An Approach to Addressing the UN Global Plastic TreatySora Yi , Inchul Go 41(5) 496-506, 2024 DOI:10.9786/kswm.2024.41.5.496
TitleSouth Korea’s Plastic Lifecycle Management Strategy for Carbon Neutrality: An Approach to Addressing the UN Global Plastic Treaty
Sora Yi , Inchul Go DOI:10.9786/kswm.2024.41.5.496 AbstractThe growing recognition of plastics as significant contributors to greenhouse gas (GHG) emissions―beyond their role in pollution―has intensified global initiatives to mitigate their environmental impact. One major effort is the United Nations Environment Assembly’s negotiations of a legally binding international agreement, the Global Plastics Treaty, to end plastic pollution. This study presents a strategy for managing the plastic lifecycle in South Korea in alignment with the Global Plastics Treaty, focusing on achieving carbon neutrality. By examining plastic production and consumption trends, as well as key issues highlighted in the Global Plastics Treaty negotiations, the study identifies necessary actions for South Korea. An analysis of current plastic lifecycle management policies has enabled the development of a Korean plastic lifecycle management strategy consisting of enhanced and novel measures across five critical areas. Additionally, estimates of GHG reductions for various policy implementation scenarios showed that full implementation of these measures could result in a 32% decrease in GHG emissions compared to BAU by 2050. The study concludes with a discussion of implications and suggestions that can contribute to achieving carbon neutrality goals. Key WordsGlobal plastic treaty, Plastic pollution, Lifecycle, GHG |
Effect of Steam Reforming Reaction Condition for the Production of Hydrogen from the Waste Plastic Derived Oil
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