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Shadow prices of direct and overall carbon emissions in China's construction industry: A parametric directional distance function-based sensitive estimation

机译：中国建筑行业直接和总体碳排放的影子价格：基于参数方向距离函数的敏感估计

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Construction industry, together with building materials industries supplying it, is one of China’s largest emitters of CO2. Structural change in construction industry has been promoted to mitigate CO2. This paper estimates CO2shadow price of construction industry and its supporting materials industries in China so as to help them to mitigate CO2cost-effectively. A parametric directional distance function model, taking into account all possible directional vectors, is applied to address issues regarding arbitrary selection of direction that will affect estimation of shadow price. Results show that there is larger potential for CO2reduction in supporting material industries than in construction industry itself and shadow price of overall CO2is much lower than that of direct CO2. The existence of enlarging heterogeneity in shadow prices among different regions provides strong support for introducing a national carbon trading market, thereby helping construction industry and building materials industries to reduce their abatement costs.
机译：建筑业以及提供建筑业的建筑材料行业是中国最大的二氧化碳排放国之一。促进了建筑行业的结构变化，以减少二氧化碳排放。本文估算了中国建筑业及其辅助材料行业的二氧化碳影子价格，以帮助他们有效地降低二氧化碳的排放。考虑所有可能的方向矢量的参数化方向距离函数模型用于解决与任意选择方向有关的问题，这将影响影子价格的估算。结果表明，与建筑行业本身相比，辅助材料行业的CO2减排潜力更大，总体CO2的影子价格远低于直接CO2的影子价格。不同地区影子价格异质性的加剧为引入全国碳交易市场提供了有力支持，从而帮助建筑业和建材业降低其减排成本。

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