Abstract
This study measures and decomposes green productivity growth of Korean manufacturing industries between 2004 and 2010 using the Malmquist-Luenberger productivity index. We focus on differences in the measures of productivity growth by distinguishing carbon emissions from either end-user industries or the electricity generation industry. Empirical results suggest three main findings. First, the efficiency of total emissions is higher than that of direct emissions except for the shipbuilding industry. Second, green productivity in the manufacturing sector increased during the study period. Finally, green productivity depends on the indirect emissions of each industry. These results indicate that policymakers need to deliberately develop policy tools for mitigating carbon emissions of the manufacturing industrial sectors based on our empirical findings.
Highlights
IntroductionThe international community is faced with the threat of climate change mainly because of the increase in greenhouse gas emissions such as CO2
Greenhouse gas emissions have been one of the global environmental concerns [1]
We divided the empirical analysis into two parts in which CO2 emissions were dealt with differently
Summary
The international community is faced with the threat of climate change mainly because of the increase in greenhouse gas emissions such as CO2. To mitigate this problem, many countries have attempted to reduce greenhouse gases under the United Nations Framework Convention on Climate Change. Under the Kyoto Protocol, Korea made voluntary efforts to reduce greenhouse gas emissions by 30% by 2020 relative to the projected business-as-usual (BAU) level. The priority for this plan is to establish measures for low carbon green growth at the industry level while fostering economic growth. These efforts made it possible for Korea to reduce CO2 emissions from 630 MT CO2 in 2013 to 610 Mt CO2 in 2014 [2]
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