Ocean energy is a type of renewable energies and is considered as having a potential power of providing a substantial amount of energy. Although some forms of ocean energy are developed, there is a need for further technological advances to better utilize ocean energy. Government should take...

This study attempts to estimate the economic value of residential electricity use in the Republic of Korea. According to micro-economic theory, the economic benefit of residential electricity consumed is the sum of the actual residential electricity price and the additional WTP (willingness to...

This paper attempts to measure the economic benefits of tap water supply services in some urban areas of Korea. According to micro-economic theory, the economic benefit of water consumed is the sum of the actual water price and the additional willingness to pay (WTP) for the consumption. We...

With the increasing importance of natural gas (NG) in the energy mix, the search for a reliable liquefied NG (LNG) supply has received great attention along with energy security in Korea. However, the current level of LNG supply reliability in Korea is much lower than that in other...

Due to the upsurge in concerns regarding climate change, the carbon market has been growing more rapidly than ever. Recently, a more innovative and experimental voluntary carbon market has been playing a supplementary role to the compliance market, which is lacking in flexibility and diversity,...