Journal
JOURNAL OF CLEANER PRODUCTION
Volume 206, Issue -, Pages 452-459Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.jclepro.2018.09.087
Keywords
CO2 emissions; Abatement costs; Efficiency; Non-radial directional distance function; Shanghai
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Funding
- National Social Science Foundation of China [16BJY170]
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In this paper, we adopt a non-radial directional distance function to analyze the efficiency and shadow price of CO2 emissions of coal-fired power plants. Using a sample of Shanghai's 20 coal-fired power plants, we find that the efficiency performance of power plants remained steady during the period 2007-2010. On average, the carbon abatement costs of Shanghai's power plants increased from 20.58 yuan/ton to 39.67 yuan/ton during 2007-2010. Although the average shadow price of the power plants increased during the period, the price was still well below shadow prices for the energy consumption of the industries, and a little lower than the trading price in the ETS markets. In addition, the paper discusses the implications of the findings. (C) 2018 Elsevier Ltd. All rights reserved.
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