Limin Du
共找到 4 条论著文献

1、Estimating the Marginal Abatement Cost Curve of CO2 Emissions in China: Provincial Panel Data Analysi

摘要:This paper estimates the Marginal Abatement Cost Curve (MACC) of CO2 emissions in China based on a provincial panel for the period of 2001-2010. The provincial marginal abatement cost (MAC) of CO2 emissions is estimated using a parameterized directional output distance function. Four types of model specifications are applied to fit the MAC-carbon intensity pairs. The optimal specification controlling for various covariates is identified econometrically. A scenario simulation of China's 40-45% carbon intensity reduction based on our MACC is illustrated. Our simulation results show that China would incur a 559-623 Yuan/t (roughly 51-57%) increase in marginal abatement cost to achieve a corresponding 40-45% reduction in carbon intensity compared to its 2005 level.• Marginal Abatement Cost Curve of CO2 emissions in China is constructed. • The optimal specification is identified to fit the MAC-carbon intensity pairs. • An application of China's carbon intensity reduction goal is illustrated.
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2、Marginal Abatement Costs of Carbon Dioxide Emissions in China: A Parametric Analysi

摘要:This paper investigates the technical inefficiency, shadow price and substitution elasticity of CO 2 emissions of China based on a provincial panel for 2001-2010. Using linear programming to calculate a quadratic parameterized directional output distance function, we show that China’s technical inefficiency increases over the period implying further scope for CO 2 emissions reduction in the medium and longer term at best by 4.5 and 4.9 % respectively. Our results (notwithstanding regional differences) highlight increases in the shadow price of CO 2 abatement (1,000 Yuan/ton in 2001 to 2,100 Yuan/ton in 2010). Additionally, increasingly steep substitution elasticity highlights the difficult reality of reducing China’s CO 2 emissions.
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3、The relationship between oil price shocks and China’s macro-economy: An empirical analysi

摘要:This paper investigates the relationship between the world oil price and China’s macro-economy based on a monthly time series from 1995:1 to 2008:12, using the method of multivariate vector autoregression (VAR). The results show that the world oil price affects the economic growth and inflation of China significantly, and the impact is non-linear. On the other hand, China’s economic activity fails to affect the world oil price, which means that the world oil price is still exogenous with respect to China’s macro-economy in time series sense, and China has not yet had an oil pricing power in the world oil markets. The structural stability tests demonstrate that there is a structural break in the VAR model because of the reforms of China’s oil pricing mechanism, thus it is more appropriate to break the whole sample into different sub-samples for the estimation of the model.
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4、Environmental technical efficiency, technology gap and shadow price of coal-fuelled power plants in China: A parametric meta-frontier analysi

摘要:• A new parametric meta-frontier estimation method is proposed. • The environmental efficiency and shadow price of China's power plants are investigated. • State-owned power plant is less efficient relative to the other plants. • State-owned power plant is faced with the lowest cost to marginal CO2 abatement.In this paper, we propose a new meta-frontier estimation method to investigate the environmental technical efficiency and carbon abatement cost of power plants in China taking the technological heterogeneities into consideration. This study is based on a plant-level cross-sectional data set comprising 648 observations for the year 2008. Results show that, state-owned power plants are least efficient relative to the meta-frontier. A further 44 percent of total CO2 emissions can be cut if all power plants are completely efficient. Additionally, the group of state-owned power plants is faced with the lowest cost to marginal CO2 abatement.
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