KAIST CEPS lab.

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About
연구실 소개

Climate and Energy Policy &

Strategy Research Group

KAIST-CEPS stands for Climate and Energy Policy & Strategy Research Group at KAIST College of Business. The group consists of graduate students at KAIST and full- and part-time research scientists at the Center for Sustainable Development at KAIST.

MOTIVATION

As global climate change has now become the core issue of energy policy and business strategy developments, policy makers, on the one hand, are facing unprecedented challenges as they contemplate national and sectoral policies to mitigate or adapt to climate change with incomplete understanding about how different parts of the human and Earth system might interact with each other under the policies and how such interaction might affect the national economy and social welfare. On the other hand, business enterprises in various sectors of the economy, including energy, water, agriculture, finance, manufacturing, and transportation, are also confronted with the need to invest in and expand their operations against a complex backdrop of uncertainties about the impact of climate change, the effectiveness of global climate negotiations, emerging technologies with unknown cost and performance, and structural changes in consumer demand.

MISSION

The mission of CEPS is to improve understanding and implementation of (i) organizational and technological decision making to take leadership in a carbon-constrained global economy and (ii) policies and business strategies to promote low-carbon energy system transition and climate change resilience.

Research Topics & Projects

Seeking to solve real-world problems, our research encompasses all major CEPS topics, including
● Energy & environmental economics and management
● Integrated Technology Assessment for Policy Analysis
● Climate Financial Risk Assessment
● Demand-side management of electricity with ICT
● Electricity market modeling and economic analysis

We work with the government ministries, industries, and NGOs through various research projects including

● "Development of Low-carbon Transition Scenarios and Multidimensional Feasibility Analysis," Korea-EU Collaboration Research Program, National Reserach Foundation of Korea (2020-2023)
● "Assessing the Financial Risk of Climate Change on Korea's Agricultural Sector" & "Development of GCAM-KAIST1.0 National Integrated Assessment Model," Pacific Northwest National Laboratory's JGCRI (2021~)
● "Integrated Assessment of a Low Emission Development Strategy," Solutions For Our Climate (2020-2021)
● "The Role of AI in Gig Economy: An Empirical Study on Rider's Productivity and Labor Supply" & "Assessing the Value of Anchor Store in Mobile Delivery Service," VROONG (2021~)

● "Assessing the Impact of a Demand-Resource Bidding Market" & "The Value of Improving the Prediction Accuracy of Renewables Generation," Korea Power Exchange (2018~)
● "Household Energy Consumption under Dynamic Pricing and the Role of Information" & "Air Pollution and Household Electricity Consumption," Encored Technologies Ltd. (2017~)

● "A Field Experiment of Peak-time Rebate on Small Commercial & Residential Customers," Korea Electric Power Corporation (2017~2019)

● "Development of an Integrated Top-down & Bottom-up System for Greenhouse Gas Reduction in Korea," Korea Environmental Industry & Technology Institute (2014-2020)

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