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Research Reports
National greenhouse gas emissions rebound prospect and policy responses post COVID-19
Ⅰ. Research Purpose and Scope
o Research necessity and purpose
ㅇ The coronavirus 2019 (COVID-19) pandemic has led to a significant decrease in global demand for energy and the International Energy Agency (IEA) has estimated that the entire amount of global CO2 emissions in 2020 will decrease by 8% from the previous year due to the effects of the pandemic. A short-term reduction of global CO2 emissions caused by the outbreak of COVID-19 is not a positive phenomenon and countermeasures should be prepared to prevent a rapid rebound of global CO2 emissions during the post-COVID-19 era.
ㅇ The Korean government should conduct an ex-ante analysis of the rebound effects of the virus on the amount of greenhouse gas (GHG) emissions in the country during the post-COVID-19 period to minimize such effects and ultimately prepare for the transition to a low carbon society.
ㅇ The Korean New Deal initiatives have been developed in various ways to react effectively to the post-COVID-19 period. At this time, it is necessary to implement measures encouraging the Green New Deal to convert Korea to a low carbon society.
ㅇ A prospect analysis of GHG emissions discharged due to COVID-19 can help determine appropriate political implications to enable the country to stably manage emission channels as well as serve as a foundation for Green New Deal execution plans.
o Purpose of research
ㅇ This research aims to analyze the impacts of COVID-19 on the amount of GHG emissions in Korea in 2020 and the rebound effects on the amounts that will be emitted in 2021 and to examine countermeasures against suc