Forecasting the Allocative Efficiency of Carbon Emission Allowance Financial Assets in China at the Provincial Level in 2020
As the result of climate change and deteriorating global environmental quality, nations are under pressure to reduce their emissions of greenhouse gases per unit of GDP. China has announced that it is aiming not only to reduce carbon emission per unit of GDP, but also to consume increased amounts of...
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doaj-ad150ef3b6854d5c8632dc013b479c9e2020-11-24T22:24:00ZengMDPI AGEnergies1996-10732016-05-019532910.3390/en9050329en9050329Forecasting the Allocative Efficiency of Carbon Emission Allowance Financial Assets in China at the Provincial Level in 2020Shihong Zeng0Yan Xu1Liming Wang2Jiuying Chen3Qirong Li4Economics & Management School, Beijing University of Technology, Beijing 100124, ChinaEconomics & Management School, Beijing University of Technology, Beijing 100124, ChinaEconomics & Management School, Beijing University of Technology, Beijing 100124, ChinaEconomics & Management School, Beijing University of Technology, Beijing 100124, ChinaEconomics & Management School, Beijing University of Technology, Beijing 100124, ChinaAs the result of climate change and deteriorating global environmental quality, nations are under pressure to reduce their emissions of greenhouse gases per unit of GDP. China has announced that it is aiming not only to reduce carbon emission per unit of GDP, but also to consume increased amounts of non-fossil energy. The carbon emission allowance is a new type of financial asset in each Chinese province and city that also affects individual firms. This paper attempts to examine the allocative efficiency of carbon emission reduction and non-fossil energy consumption by employing a zero sum gains data envelopment analysis (ZSG-DEA) model, given the premise of fixed CO2 emissions as well as non-fossil energy consumption. In making its forecasts, the paper optimizes allocative efficiency in 2020 using 2010 economic and carbon emission data from 30 provinces and cities across China as its baseline. An efficient allocation scheme is achieved for all the provinces and cities using the ZSG-DEA model through five iterative calculations.http://www.mdpi.com/1996-1073/9/5/329carbon emission allowancenon-fossil fuelsefficiencyzero sum gains data envelopment analysis (ZSG-DEA)iteration |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Shihong Zeng Yan Xu Liming Wang Jiuying Chen Qirong Li |
spellingShingle |
Shihong Zeng Yan Xu Liming Wang Jiuying Chen Qirong Li Forecasting the Allocative Efficiency of Carbon Emission Allowance Financial Assets in China at the Provincial Level in 2020 Energies carbon emission allowance non-fossil fuels efficiency zero sum gains data envelopment analysis (ZSG-DEA) iteration |
author_facet |
Shihong Zeng Yan Xu Liming Wang Jiuying Chen Qirong Li |
author_sort |
Shihong Zeng |
title |
Forecasting the Allocative Efficiency of Carbon Emission Allowance Financial Assets in China at the Provincial Level in 2020 |
title_short |
Forecasting the Allocative Efficiency of Carbon Emission Allowance Financial Assets in China at the Provincial Level in 2020 |
title_full |
Forecasting the Allocative Efficiency of Carbon Emission Allowance Financial Assets in China at the Provincial Level in 2020 |
title_fullStr |
Forecasting the Allocative Efficiency of Carbon Emission Allowance Financial Assets in China at the Provincial Level in 2020 |
title_full_unstemmed |
Forecasting the Allocative Efficiency of Carbon Emission Allowance Financial Assets in China at the Provincial Level in 2020 |
title_sort |
forecasting the allocative efficiency of carbon emission allowance financial assets in china at the provincial level in 2020 |
publisher |
MDPI AG |
series |
Energies |
issn |
1996-1073 |
publishDate |
2016-05-01 |
description |
As the result of climate change and deteriorating global environmental quality, nations are under pressure to reduce their emissions of greenhouse gases per unit of GDP. China has announced that it is aiming not only to reduce carbon emission per unit of GDP, but also to consume increased amounts of non-fossil energy. The carbon emission allowance is a new type of financial asset in each Chinese province and city that also affects individual firms. This paper attempts to examine the allocative efficiency of carbon emission reduction and non-fossil energy consumption by employing a zero sum gains data envelopment analysis (ZSG-DEA) model, given the premise of fixed CO2 emissions as well as non-fossil energy consumption. In making its forecasts, the paper optimizes allocative efficiency in 2020 using 2010 economic and carbon emission data from 30 provinces and cities across China as its baseline. An efficient allocation scheme is achieved for all the provinces and cities using the ZSG-DEA model through five iterative calculations. |
topic |
carbon emission allowance non-fossil fuels efficiency zero sum gains data envelopment analysis (ZSG-DEA) iteration |
url |
http://www.mdpi.com/1996-1073/9/5/329 |
work_keys_str_mv |
AT shihongzeng forecastingtheallocativeefficiencyofcarbonemissionallowancefinancialassetsinchinaattheprovinciallevelin2020 AT yanxu forecastingtheallocativeefficiencyofcarbonemissionallowancefinancialassetsinchinaattheprovinciallevelin2020 AT limingwang forecastingtheallocativeefficiencyofcarbonemissionallowancefinancialassetsinchinaattheprovinciallevelin2020 AT jiuyingchen forecastingtheallocativeefficiencyofcarbonemissionallowancefinancialassetsinchinaattheprovinciallevelin2020 AT qirongli forecastingtheallocativeefficiencyofcarbonemissionallowancefinancialassetsinchinaattheprovinciallevelin2020 |
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1725762901560524800 |