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Emission Trading System as Market-based Regulatory Alternative

  • Korean Society and Public Administration
  • Abbr : KSPA
  • 2016, 26(4), pp.165-194
  • Publisher : Seoul Association For Public Administration
  • Research Area : Social Science > Public Administration

김신 1 Choi jin sik 2

1한국행정연구원
2국민대학교

Accredited

ABSTRACT

The purpose of this study is to address the determinants of applying market-based regulation as a regulatory alternative in the field of social regulation. This study compares the emission trading systems of the EU, US and Korea in terms of effectiveness, efficiency, equity and fairness. The results of the analysis are as follows. First, to enhance the effectiveness of market-based regulations, the purpose and monitoring processes should be stipulated in law, rather than public announcements. Second, the efficiency of market-based regulation can be improved by selecting the optimum level for national caps and by adopting multi-year compliance periods and auctions. Third, the equity and fairness of market-based regulation can be addressed by sharing information associated with emission trading on the basis of government 3.0.

Citation status

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