Reducing CO2 emissions of Japanese thermal power companies: a directional output distance function approach
Reducing CO2 emissions of Japanese thermal power companies: a directional output distance function approach
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DOI:
10.1007/s10018-013-0067-5
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发表时间:
2014
影响因子:
1.7
通讯作者:
K. Matsushita;Kota Asano
中科院分区:
文献类型:
--
作者:
K. Matsushita;Kota Asano
This article examines the thermal power generation efficiency of ten Japanese electric power companies and the shadow prices of carbon dioxide (CO2) by employing a directional output distance function (DODF) with panel data for 1990–2011. We find that the shadow price of CO2varies greatly between US$1.49 and US$288.82, depending on the company’s production strategy concerning energy supply and CO2emissions. These shadow prices give us clues to understand how the electric power companies may respond to environmental regulations, such as environmental tax and emission trading systems. According to the DODF, an additional 53571 GWh of electricity could have been generated in 2011 at the cost of an increase of 40105 thousand tonnes of CO2, if the companies would have operated efficiently giving little consideration to CO2emissions reduction. These increases are equivalent to 8.77 and 9.18 % of total electricity and CO2emissions, respectively, from the ten electric power companies in 2011. On the other hand, if the companies would have operated efficiently and given first priority to CO2emissions reduction, a further 58002 thousand tonnes of CO2, equivalent to 13.28 % of their total CO2emissions in 2011, could have been reduced as a whole.