Korean Energy Economic Review ISSN:1599-7057(Print) 에너지경제연구

Today, the majority of countries are reducing greenhouse gas emission in an efficient way, along with the Paris Agreement, by making more room for nuclear and renewable energy which produce little carbon dioxide. In order to control the proportion of nuclear and renewable energy efficiently, it is crucial to know the influences that come out with economic variables, through an analysis in various angles. This paper is focusing on those relationships between the change in greenhouse gas emission amount and the variables such as nuclear and renewable energy usage, GDP, etc., based on the Environmental Kuznets Curve(EKC) theory. This paper conducted ARDL, VECM, LMDI tests and has observed South Korea’s status among OECD. In energy sector and electricity sector, it had ARDL and VECM analysis that confirmed whether they correspond with EKC theory in both long and short term. In conclusion it has reviewed the population effects, economic growth effects, energy intensity effects, dependence effects on fossil fuels and emission index effects through LMDI analysis, and has emphasized the importance of proportion of nuclear and renewable energy by specifically analyzing the dependence effects on fossil fuels when those energies are transformed into fossil fuels.