Public Value of Marine Biodiesel Technology Development in South Korea

Kim, Joseph; Kim, Hyojin; Yoo, Seung‐Hoon

doi:10.3390/su10114252

Cited by 6 publications

(3 citation statements)

References 26 publications

(29 reference statements)

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“…See OECD, 2013 and IMF, 2015b. 28 See, e.g., Korea's specialized agency (PIMAC) and its Analytic Hierarchy Process, a decision-making approach based on multiple criteria (Kim, 2012). 29 Several reforms are underway.…”

Section: Institutional and Regulatory Challengesmentioning

confidence: 99%

Country Development Challenges: Route Toward Sustainable and Inclusive Growth

Doyle¹

2023

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Brazil was already facing a sluggish economic recovery prior to the COVID-19 pandemic. Between 2014 and 2016, the country experienced a deep recession marked by substantial drop in economic activity combined with a reversal of recent gains in social indicators. From 2017 to 2019, GDP growth was unable to fully recoup the losses incurred during the recession. In recent decades, Brazil has repeatedly experienced this pattern, with a sharp decline in economic activity followed by an anemic recovery.

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Section: Institutional and Regulatory Challengesmentioning

confidence: 99%

Country Development Challenges: Route Toward Sustainable and Inclusive Growth

Doyle¹

2023

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“…In furtherance of the quest for renewable energy sources, there has been initiatives to move the global economy from being fossil-fuel based to a bio-based economy [17]. Carbon sources are considered the most suitable replacement for fossil fuels in the transport sector [18].…”

Section: Renewable Energy and The Prospects Of Microalgae Biofuelsmentioning

confidence: 99%

Factors Affecting Microalgae Production for Biofuels and the Potentials of Chemometric Methods in Assessing and Optimizing Productivity

Musa

Ayoko

Ward

et al. 2019

Cells

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Microalgae are swift replicating photosynthetic microorganisms with several applications for food, chemicals, medicine and fuel. Microalgae have been identified to be suitable for biofuels production, due to their high lipid contents. Microalgae-based biofuels have the potential to meet the increasing energy demands and reduce greenhouse gas (GHG) emissions. However, the present state of technology does not economically support sustainable large-scale production. The biofuel production process comprises the upstream and downstream processing phases, with several uncertainties involved. This review examines the various production and processing stages, and considers the use of chemometric methods in identifying and understanding relationships from measured study parameters via statistical methods, across microalgae production stages. This approach enables collection of relevant information for system performance assessment. The principal benefit of such analysis is the identification of the key contributing factors, useful for decision makers to improve system design, operation and process economics. Chemometrics proffers options for time saving in data analysis, as well as efficient process optimization, which could be relevant for the continuous growth of the microalgae industry.

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“…The parameter values maximizing Equation (3) comprise the utility function given in Equation (1) [30].…”

Section: How To Obtain the Utility Functionmentioning

confidence: 99%

Non-Market Valuation of Water Pollution Remediation and Disaster Risk Mitigation Functions: The Case of Nakdong River Estuary in South Korea

2019

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The Nakdong river estuary in South Korea has two important functions: first, remediating water pollution from the Nakdong river; second, mitigating the risk of disaster caused by waves from the open sea. The two functions of the Nakdong river estuary have been continuously threatened due to constant development pressure. This short note tries to investigate the non-market value of the water pollution remediation and disaster risk mitigation functions. For this purpose, 1000 households throughout the country were randomly selected, and a choice experiment (CE) survey of them was implemented in September 2017. The two attributes considered here are water pollution remediation and disaster risk mitigation. An increase in the yearly income tax was also considered as an attribute. The results of applying the CE approach show that the non-market values of a 1%p increase in the water pollution remediation ability and a 1 m decrease in the wave height of the estuary are KRW 105 (USD 0.09) and KRW 501 (USD 0.44), respectively, per household per year. These figures can be used to establish and execute marine spatial planning for the estuary.

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Public Value of Marine Biodiesel Technology Development in South Korea

Cited by 6 publications

References 26 publications

Country Development Challenges: Route Toward Sustainable and Inclusive Growth

Country Development Challenges: Route Toward Sustainable and Inclusive Growth

Factors Affecting Microalgae Production for Biofuels and the Potentials of Chemometric Methods in Assessing and Optimizing Productivity

Non-Market Valuation of Water Pollution Remediation and Disaster Risk Mitigation Functions: The Case of Nakdong River Estuary in South Korea

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