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Open AccessFeature PaperArticle

Determinants and Characteristics of Korean Companies’ Carbon Management under the Carbon Pricing Scheme

Institute for Global Environmental Strategies (IGES), Hayama 240-0115, Japan
Energies 2018, 11(4), 966; https://doi.org/10.3390/en11040966
Received: 1 March 2018 / Revised: 5 April 2018 / Accepted: 8 April 2018 / Published: 18 April 2018
(This article belongs to the Special Issue Lessons from the Evaluation of Existing Emission Trading Schemes)
In response to the domestic emission trading scheme, Korean companies are required to shift their strategies from voluntary or regulation-driven management approaches to innovative carbon management utilizing their carbon option linked with economic value. Using a questionnaire survey targeting companies subjected to the emission trading scheme, this study explores the status of Korean companies’ carbon management in a series of five strategies and identifies the correlation between companies’ proactive carbon strategies and pre-listed determinant factors. This study found that Korean companies’ practices in accordance with carbon pricing deviate little from conventional energy and environmental management in this phase. They are likely to be affected by the need to appear socially responsible or to make a social contribution, without having to exceed this mandate in terms activities outside of this remit. Yet, only a small proportion of companies have advanced to the stage of proactive carbon management. For them, top managers’ support and understanding are essential factors together with government pressure to factor-in issues related to carbon with their business strategies. This study provides implications for policy and corporate in promoting carbon-oriented management under the carbon policy. View Full-Text
Keywords: carbon pricing; proactive carbon management; emission trading scheme; companies; the Republic of Korea carbon pricing; proactive carbon management; emission trading scheme; companies; the Republic of Korea
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Suk, S. Determinants and Characteristics of Korean Companies’ Carbon Management under the Carbon Pricing Scheme. Energies 2018, 11, 966.

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