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Volume 4 Trends in Green Chemistry
ISSN: 2471-9889
Page 82
JOINT EVENT
Environmental Chemistry 2018 &
Green Technologies 2018
September 20-22, 2018
September 20-22, 2018 Berlin, Germany
&
7th Edition of International Conference on
Green Energy, Green Engineering and Technology
8th International Conference on Environmental Chemistry and Engineering
How much do water efficient products have an impact on reducing water consumption?
Hyun No Kim and A Young Jeong
Korea Environment Institute, South Korea
According to the UNEP, nearly two-thirds of the countries in the world will suffer from water shortages by 2025, and water
shortages in Asia and Europe will be more severe than other areas. In Korea, drought has been occasionally occurred in
some areas since 2014. In this context, it is necessary to implement nationwide policy leaded by the government which would
be practicable taking the vulnerability and uncertainty associated with water management into consideration. In the context of
increase in spatial and seasonal uncertainty of precipitation due to climate change, water shortages will be likely to occur more
frequently. Therefore, various alternative policies which correspond to climate change and water environment will be needed
in the future. In previous studies, there has been an ongoing debate about the price increase for water use and its effectiveness
to reduce water consumption because the demand for water use in Korea is found to be price inelastic. In addition, imposing
higher water prices include political issues, which imply price-based policy as a policy alternative would be inappropriate for
a water-saving. In this study, we examine an alternative strategy which increases consumers’ willingness to purchase water
efficient products as a non-pricing policy. Using the survey data regarding consumers' awareness of water consumption and
various policy options that can affect the purchase of water efficient products, we estimated econometric models. We found
that policy supporting factors such as certification labeling, free training course, free consulting program have a positive effect
on the purchase of water efficient products.
Biography
Hyun No Kim has completed his PhD in Agricultural and Resource Economics by the Department of Resource Economics and Environmental Sociology at
University of Alberta, Canada. He has published more than 20 papers in reputed journals associated with environmental economics. He is currently working as a
research fellow in Environmental Policy Research Group at Korea Environment Institute (KEI).
Hyun No Kim et al., Trends in Green chem 2018, Volume 4
DOI: 10.21767/2471-9889-C2-012