EconPapers    
Economics at your fingertips  
 

Worldwide carbon shadow prices during 1990–2011

Zhiyang Shen (), Jean-Philippe Boussemart () and Hervé Leleu ()

No 2016-EQM-04, Working Papers from IESEG School of Management

Abstract: Unlike most previous research, which has focused on estimating carbon shadow prices at regional or sectoral levels, this paper attempts to estimate carbon shadow prices at a worldwide level. A non-parametric robust framework estimates carbon shadow prices for 119 countries from all continents in 12 large groups. Our empirical results reveal that the global carbon shadow price is increasing by around 2.24% per annum and reached 2845 US dollars per ton in 2011. Regional carbon shadow prices present significant disparities and evolve within different categories over the analyzed period. We find a substantial sigma convergence process of carbon shadow prices among countries during 1990–2007 while divergence appears after the global financial crisis. We then analyze the relationship between carbon shadow prices and the implementation of the Kyoto Protocol.

Keywords: Undesirable Output; Carbon Shadow Price; Robust Frontier; Weak Disposability (search for similar items in EconPapers)
JEL-codes: D24 Q56 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2016-01
New Economics Papers: this item is included in nep-ene and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.ieseg.fr/wp-content/uploads/2012/03/2016-EQM-04_Shen.pdf (application/pdf)

Related works:
Journal Article: Worldwide carbon shadow prices during 1990–2011 (2017) Downloads
Working Paper: Worldwide carbon shadow prices during 1990–2011 (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ies:wpaper:e201604

Access Statistics for this paper

More papers in Working Papers from IESEG School of Management Contact information at EDIRC.
Bibliographic data for series maintained by Joao DA CUNHA ().

 
Page updated 2022-01-16
Handle: RePEc:ies:wpaper:e201604