In addition to reducing environmental pollutants such as CO 2 and SO x , market
needs and economic profits of both parties will be considered, selecting projects that
share economic and environmental benefits obtained by both parties. With this
method, the risk of technology transfer in developed countries and the financial
burden for technology transfer in developing countries will be significantly reduced,
and the efficiency of energy-intensive fields such as older thermal power plants will
be reduced. Remodeling becomes possible, offering many business opportunities to
developed countries. In order to promote this type of technology transfer, the two
participating governments should have specific policy incentives, such as securing
human resources to promote technology transfer and facilitate financial measures
(e.g., subsidy system or preferential tax policy). Companies in developed countries
will see measures such as the transfer of energy-saving technologies as business
opportunities and take proactive measures, for example, by linking the Clean
Development Mechanism (CDM) and Energy Service Company (ESCO).
The realization of a low-carbon community concept in East Asia centered on
Japan, China, and South Korea will create a sustainable and vibrant international
society in which, in addition to measures against global warming, economic development, pollution control, and society are in harmony.
3.4 Conclusion
The realization of the East Asian Low-Carbon Community concept will create a
sustainable and vibrant society in which the economy, environment, and society are
in harmony, while global climate change countermeasures are promoted (Zhou
2017). In order to materialize this concept, this study has introduced key projects
including the development of innovative low-carbon technology and the transfer of
existing technology, the presence or absence of new energy and nuclear power
generation, low-carbon economy industry, creation and innovation of low-carbon
systems such as an East Asian carbon emission trading system, eco-design of energy
and material cycles through international collaboration, local low carbonization
through collaboration between urban and rural areas, realization of low-carbon
recycling through a pilot model project, presenting a roadmap that embodies the
transition to a sustainable low-carbon society, making policy recommendations to
guide the construction of a low-carbon society in the Asian region, and developing
an East Asian low-carbon community integrated evaluation model.
References
Akimoto K, Sano F, Tehrani SB (2017) The analyses on the economic costs for achieving the
nationally determined contributions and the expected global emission pathways. Evol Instit
Econom Rev 14(1):193–206
IPCC (2013) Climate change 2013: the physical science basis, IPCC AR5 WGI SPM. https://www.
ipcc.ch/report/ar5/wg1/. Accessed 23 July 2020
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