Analyses of GHG reduction effectiveness and economic feasibility in the wood pellet fuel switching project

Jin Chul Lee, Kyu Young Kang

Research output: Contribution to journalArticlepeer-review

3 Scopus citations

Abstract

This study was performed to analyze GHG (Greenhouse gas) reduction effectiveness and economic feasibility in the wood pellet fuel switching project using JCDM (Japan Clean Development Mechanism) and KVER (Korea Voluntary Emission Reduction)data. The major data for the analyses consist of investment costs, annual GHG reductions, fuel prices and GHG credit prices. The wood pellet fuel switching projects are the CO2-zero projects. Therefore, these projects are essential to accomplish the GHG mitigation target, especially in Korea. In order to raise the economic feasibility of the wood pellet fuel switching project, the results of this study suggest that the Korean government should reduce the price of wood pellet through the supply on a large scale and raise the KCER price of wood pellet fuel switching project.

Original languageEnglish
Pages (from-to)594-605
Number of pages12
JournalJournal of the Korean Wood Science and Technology
Volume41
Issue number6
DOIs
StatePublished - 2013

Keywords

  • Economic feasibility
  • Fuel switching
  • GHG reduction effectiveness
  • JCDM
  • KVER
  • Wood pellet

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