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Research Reports
A study on emission-cap regulation and emissions trading for air pollution control in Korea
A Study on Emission-Cap Regulation and Emissions Trading for Air Pollution Control in Korea

In the past several decades, total quantity management and emissions trading have garnered much attention in the field of environmental policy. For instance, quantity regulation has been steadily applied to air pollution control policies, particularly in the United States. Currently, it is being considered as a tool to find practical solutions in other environmental areas such as water pollution and global warming
Korea has been trying to introduce quantity-based approaches for air and water pollution control. Quantity-based management plans are now being established for major river basins under a specific legal context. As such, legislative processes on total quantity regulation and emissions trading for air quality management in Seoul metropolitan area are currently taking place. These efforts are being initiated with the assumption that the emission standard approach is insufficient to mitigate environmental degradation in fast growing economies.
The purpose of this study is to analyze the current state of air pollution policy in Korea and propose future research and policy strategies to successfully implement emission-cap regulation and emissions trading for air pollution control. The technical and political situations in Korea are evaluated in terms of their capability to sustain the paradigm shift to a quantity-based regulation approach. Lessons from US and Japanese experience, particularly on the RECLAIM program in Los Angeles region, are discussed.
The study