Abstract
This study examines the current status of carbon emissions in the electric power sector and presents future countermeasures in preparation for the EU Carbon Border Adjustment Mechanism, which will be implemented between 2026 and 2027 after a transition period of 2 to 3 years from January 2025. The EU agreed on details on carbon taxation for products imported from outside the EU through a provisional agreement (Trilogue) in December 2022. The main point of the Trilogue is to impose a carbon tax equal to the difference with the EU-ETS for direct emissions and, if necessary, indirect emissions for six industries. However, since there is a plan to expand the application to all imported products subject to the EU-ETS in the future, research on reducing indirect emissions generated during the electricity production process of power plants is urgently needed. This study presented the current status of carbon emissions in the electric power sector, which is subject to CBAM, and plans for reduction. The author argues that the most fundamental measure to reduce carbon emissions in this study is power generation using non-fossil energy. Therefore, as a measure to increase new renewable energy, which is a non-fossil fuel, the company supplements and expands the Korean FIT, activates the small-scale electricity market, equates K-ETS and EU-ETS, fosters the new renewable energy industry, and Manpower training was suggested.
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More From: Journal of Korea Research Association of International Commerce
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