An Analysis of Factors Determining Corporate Carbon Productivity - After the Introduction of Korea Emissions Trading System -

While there are various analyses on the effects of the introduction of Korea’s carbon emissions trading system, there has been little analysis on the relationship with carbon productivity. Carbon productivity refers to the economic value produced per unit of carbon emissions. In Korea, where the proportion of high-carbon manufacturing industries is high, environmental policies of a country should be evaluated not only by carbon emissions but also by figures such as carbon productivity, which consider economic efficiency compared to carbon emissions. This study investigated the factors that determine the carbon productivity of companies after the introduction of the carbon emissions trading system. According to the results of the study, companies that previously used a lot of energy showed a negative relationship with carbon productivity, and carbon productivity increased as the company’s assets increased. These results suggest that it is necessary to derive more practical policy effects through the concept of carbon productivity that includes economic feasibility rather than the absolute amount of carbon.