G8 summit meeting held in July 2008 decided to set up a long-term goal, by 2050, reducing the world greenhouse emissions by half of those emitted in 1990. In November 2009, the Government announced to reduce the national $CO_2$ emission by 30[%] of BAU by 2020. Electric power industries in Korea produce most of their electricity by burning fossil fuels, and emit approximately 28[%] of national $CO_2$ emissions. Monitoring the $CO_2$ emissions. Monitoring the $CO_2$ emission of electric power plants is very important. This paper presents a method to calculate the hourly $CO_2$ emission for a thermal power plant burning mixture of coal and oil using the performance test data and coal-oil mix rate. An example of $CO_2$ emission calculation is also demonstrated.