New & Renewable Energy (신재생에너지)

Korean Society for New and Renewable Energy (한국신·재생에너지학회)
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Analysis on Impacts of Renewable Energy Promotion on Mitigation of Air Pollution

신재생에너지의 확산이 대기오염 배출 저감에 미치는 영향 분석

  • Bae, Jeong Hwan (Department of Economics, Chonnam National University) ;
  • Jung, Seo Rim (Non-Bank Analysis Team, Financial Stability Department)
  • Received : 2020.05.18
  • Accepted : 2020.06.17
  • Published : 2020.09.25
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Abstract

This study analyzed whether the diffusion of new and renewable energy contributed to mitigating emissions of various air pollutants, including particulate matter, using panel econometric models. The theoretical foundation of such econometric models is based on the Environmental Kuznets Curve (EKC) hypothesis, which assumes an inverted U-shaped relation between national income and environmental pollution, as originally proposed by Grossman and Krueger. We examined whether there are inverted U-, U-shaped, or N-shaped relations between national income and air pollution. We demonstrate that increases in new and renewable energy significantly mitigated emissions of CO, NOX, and PM2.5. Additionally, we included NOX, SOX, PM10, and VOCs as secondary emission sources of PM2.5 and found that emission of PM10 resulted in the highest PM2.5 emissions, followed by NOX and SOX emissions. The impact of new and renewable energy on air pollution varied across regions. Increase of new and renewable energy in the Honam region significantly mitigated CO, NOX, and TSP emissions, while that in the Youngnam and metropolitan areas did not significantly mitigate air pollution overall. There was a U-shaped relationship between air pollution and national income for CO, NOX, PM2.5, and SOX, while an inverted N-shape was observed for PM10.

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