This paper investigates the technical inefficiency, shadow price and substitution elasticity of CO2 emissions of China … output distance function, we show that China’s technical inefficiency increases over the period implying further scope for CO …). Additionally, increasingly steep substitution elasticity highlights the difficult reality of reducing China’s CO2 emissions. …

efficiency and potential for emission reductions of the industrial sectors of China and Korea, and impact of carbon trading on … costs. Data from 20 industries in the manufacturing sectors of South Korea and China were analyzed during 2015-2019. The … reduced by almost 30%, while for China, the potential cost savings were 4% higher. The average marginal abatement cost in …