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Worldwide carbon shadow prices during 1990–2011

Author

Listed:
  • Jean-Philippe Boussemart

    (LEM - Lille économie management - UMR 9221 - UA - Université d'Artois - UCL - Université catholique de Lille - ULCO - Université du Littoral Côte d'Opale - Université de Lille - CNRS - Centre National de la Recherche Scientifique)

  • Herve Leleu

    (UCL FGES - Université Catholique de Lille - Faculté de gestion, économie et sciences - ICL - Institut Catholique de Lille - UCL - Université catholique de Lille, LEM - Lille économie management - UMR 9221 - UA - Université d'Artois - UCL - Université catholique de Lille - ULCO - Université du Littoral Côte d'Opale - Université de Lille - CNRS - Centre National de la Recherche Scientifique)

  • Zhiyang Shen

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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Jean-Philippe Boussemart & Herve Leleu & Zhiyang Shen, 2017. "Worldwide carbon shadow prices during 1990–2011," Post-Print hal-01744593, HAL.
    • Handle: RePEc:hal:journl:hal-01744593
    DOI: 10.1016/j.enpol.2017.07.012
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    Cited by:

    1. Wang, Ke & Yang, Kexin & Wei, Yi-Ming & Zhang, Chi, 2018. "Shadow prices of direct and overall carbon emissions in China’s construction industry: A parametric directional distance function-based sensitive estimation," Structural Change and Economic Dynamics, Elsevier, vol. 47(C), pages 180-193.
    2. Weihua Su & Yuying Wang & Dalia Streimikiene & Tomas Balezentis & Chonghui Zhang, 2020. "Carbon dioxide emission decomposition along the gradient of economic development: The case of energy sustainability in the G7 and Brazil, Russia, India, China and South Africa," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(4), pages 657-669, July.
    3. Cui, Lixin & Dong, Ruxue & Mu, Yunguo & Shen, Zhiyang & Xu, Jiatong, 2022. "How policy preferences affect the carbon shadow price in the OECD," Applied Energy, Elsevier, vol. 311(C).
    4. Shen, Zhiyang & Bai, Kaixuan & Hong, Tianyang & Balezentis, Tomas, 2021. "Evaluation of carbon shadow price within a non-parametric meta-frontier framework: The case of OECD, ASEAN and BRICS," Applied Energy, Elsevier, vol. 299(C).
    5. Wang, Bangjun & Ji, Feng & Zheng, Jie & Xie, Kejia & Feng, Zhaolei, 2021. "Carbon emission reduction of coal-fired power supply chain enterprises under the revenue sharing contract: Perspective of coordination game," Energy Economics, Elsevier, vol. 102(C).
    6. Jiandong Chen & Ming Gao & Shulei Cheng & Yiyin Xu & Malin Song & Yu Liu & Wenxuan Hou & Shuhong Wang, 2022. "Evaluation and drivers of global low-carbon economies based on satellite data," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 9(1), pages 1-12, December.
    7. Li, Chenxi & Li, Zheng & Liu, Pei, 2025. "Carbon quota allocation mechanisms considering infrastructure-based marginal emission reduction costs: A case study of China," Energy, Elsevier, vol. 325(C).
    8. Walid Ben‐Amar & Mathieu Gomes & Hania Khursheed & Sylvain Marsat, 2022. "Climate change exposure and internal carbon pricing adoption," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 2854-2870, November.
    9. Wu, F. & Wang, S.Y. & Zhou, P., 2023. "Marginal abatement cost of carbon dioxide emissions: The role of abatement options," European Journal of Operational Research, Elsevier, vol. 310(2), pages 891-901.
    10. Hai-Ying Gu & Qing-Mi Hu & Tian-Qiong Wang, 2019. "Payment for Rice Growers to Reduce Using N Fertilizer in the GHG Mitigation Program Driven by the Government: Evidence from Shanghai," Sustainability, MDPI, vol. 11(7), pages 1-17, April.
    11. Shen, Zhiyang & Baležentis, Tomas & Chen, Xueli & Valdmanis, Vivian, 2018. "Green growth and structural change in Chinese agricultural sector during 1997–2014," China Economic Review, Elsevier, vol. 51(C), pages 83-96.
    12. Kiuila, Olga, 2018. "Decarbonisation perspectives for the Polish economy," Energy Policy, Elsevier, vol. 118(C), pages 69-76.
    13. Wang, Zhaohua & Song, Yanwu & Shen, Zhiyang, 2022. "Global sustainability of carbon shadow pricing: The distance between observed and optimal abatement costs," Energy Economics, Elsevier, vol. 110(C).
    14. Xian, Yujiao & Hu, Zhihui & Wang, Ke, 2023. "The least-cost abatement measure of carbon emissions for China's glass manufacturing industry based on the marginal abatement costs," Energy, Elsevier, vol. 284(C).
    15. Wu, Yinyin & Yu, Jie & Song, Malin & Chen, Jiandong & Hou, Wenxuan, 2021. "Shadow prices of industrial air pollutant emissions in China," Economic Modelling, Elsevier, vol. 94(C), pages 726-736.
    16. Gao, Ming, 2023. "The impacts of carbon trading policy on China's low-carbon economy based on county-level perspectives," Energy Policy, Elsevier, vol. 175(C).
    17. Jiekun Song & Zhicheng Liu & Rui Chen & Xueli Leng, 2023. "Calculation and Allocation of Atmospheric Environment Governance Cost in the Yangtze River Economic Belt of China," IJERPH, MDPI, vol. 20(5), pages 1-21, February.

    More about this item

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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