A Study on the Cooperation Between Korea and the EU regarding Climate Change

다국어 초록 (Multilingual Abstract)

During the Post Kyoto era, we face main and hot issues such as ‘who will be a principal agents to reduce the GHGs emissions,’ ‘which appropriate reduction standards will be chosen,’ ‘which reduction methods will be used.’ Moreover, we need to discuss further on the following issues; ‘systemizing MRV for effective ET’; ‘checking whether the ETS helps real GHGs reduction and low-carbon growth’; ‘need research on the possibility of international trading of emission right’; ‘developing and diffusing technology to reduce the GHGs in substance.’After careful consideration on the above mentioned issues, we need to choose appropriate methods and standards to reduce the GHGs remissions. And, we need to investigate carefully ‘how to systemize MRV with the EU’ and ‘how to develop new technology and transfer this’ and so on. With this, South Korea can become a hub in the era of green growth with the role of bridge between developed anddeveloping countries. These efforts of the world to reduce the GHGs emissions are helpful for each country to promote their economy with green new deal investments. The Granger causality test result in this research shows that the U.K. affects to Germany in emitting CO2. And, the U.K. affects to France in emitting CO2. France affects to the U.K. in emitting CO2. It is likely that South Korea will be affected by the European countries through CO2 emission. Rapid economic growth of South Korea makes CO2 emissions more and more, and this “likely” affect to the European countries by trading with each other. With this result, we can presume that intimacy in geography, politics, and economy affect to emit more CO2. So, these countries need more cooperation with each other to reduce the GHGs. With this cooperation, their intimacy will be more tightened.

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