时间：3月30日，周五， 12:00-2:00　　　

地点： 中国人民大学明德主楼734

题目：An empirical analysis of the CO2 shadow price in Chinese thermal power plants

作者简介：

魏楚，浙江大学—图卢兹经济学院联合培养博士，目前系浙江理工大学副教授、浙江大学中国西部研究院资源与环境政策研究所副所长、欧洲经济研究中心（ZEW）洪堡研究员。主要研究方向为能源经济学、气候变化经济学和生产率研究，在国内重要期刊《管理世界》、《世界经济》、《数量经济与技术经济研究》及国际SSCI期刊《China Economic Review》、《Energy Policy》、《China & World Economy》等发表论文30余篇，研究成果曾获邹志庄最佳论文奖等。

　　　 文章摘要：

This paper estimates the shadow price of CO2 and explores its determinants among thermal power plant in China. Using a parametric quadratic directional distance function, we evaluate the inefficiency and shadow price of CO2 for 124 power plants in 2004 with both deterministic and econometric approaches. A regression analysis is undertaken to examine the driving forces of shadow prices. Our results show that there exist a lot of inefficiencies in terms of electricity production and CO2 emission. The shadow price is a negative function of plant scale and age and is positive correlate with the technology level. This correlation between shadow prices and its determinants is not sensitive to various settings of directional vectors, which latter could alter the distribution of shadow prices. The great variation of shadow prices across power plants calls for the use of a trading system instead of command-and-control regulation used currently in China to save overall abatement cost.

中国人民大学 经济学院能源经济系