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Estimation of CO 2 shadow price in Chinese provinces: an output distance function approach

Estimation of CO 2 shadow price in Chinese provinces: an output distance function approach As the low-carbon issue become increasingly critical in the world. The marginal abatement cost (shadow price) of CO 2 emission is a determinant in the carbon emissions trading market. This paper estimates the CO 2 shadow price of different Chinese provinces based on the parametric approach: the output distance function. The results show that the average CO 2 marginal abatement cost is 1.8 Y/T (0.28 $/T), much lower than the world carbon market price. If a regional carbon Emission Trading Scheme (ETS) is introduced in China, the market price of CO 2 emission will be 0~12 Y/T. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Innovation and Sustainable Development Inderscience Publishers

Estimation of CO 2 shadow price in Chinese provinces: an output distance function approach

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Publisher
Inderscience Publishers
Copyright
Copyright © Inderscience Enterprises Ltd. All rights reserved
ISSN
1740-8822
eISSN
1740-8830
DOI
10.1504/IJISD.2012.047839
Publisher site
See Article on Publisher Site

Abstract

As the low-carbon issue become increasingly critical in the world. The marginal abatement cost (shadow price) of CO 2 emission is a determinant in the carbon emissions trading market. This paper estimates the CO 2 shadow price of different Chinese provinces based on the parametric approach: the output distance function. The results show that the average CO 2 marginal abatement cost is 1.8 Y/T (0.28 $/T), much lower than the world carbon market price. If a regional carbon Emission Trading Scheme (ETS) is introduced in China, the market price of CO 2 emission will be 0~12 Y/T.

Journal

International Journal of Innovation and Sustainable DevelopmentInderscience Publishers

Published: Jan 1, 2012

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