Environmental technical efficiency, technology gap and shadow price of coal-fuelled power plants in China: A parametric meta-frontier analysis
Aoife Hanley and
Ning Zhang ()
Resource and Energy Economics, 2016, vol. 43, issue C, 14-32
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.
Keywords: Chinese power plant; Meta-frontier; Parametric estimation; Environmental technical efficiency; Shadow price (search for similar items in EconPapers)
JEL-codes: Q52 Q54 Q58 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:resene:v:43:y:2016:i:c:p:14-32
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