6533b862fe1ef96bd12c61e1

RESEARCH PRODUCT

Assessing the marginal cost of reducing greenhouse gas emissions in the English and Welsh water and sewerage industry: A parametric approach

Alexandros MaziotisAlexandros MaziotisManuel Mocholi-arceMaría Molinos-senanteRamón Sala-garrido

subject

Marginal costSociology and Political ScienceNatural resource economics020209 energyEconomic sectorUrban water cycleSample (statistics)02 engineering and technology010501 environmental sciencesManagement Monitoring Policy and LawDevelopment01 natural scienceslanguage.human_languageWelshStochastic frontier analysisGreenhouse gasSewerage0202 electrical engineering electronic engineering information engineeringlanguageEnvironmental scienceBusiness and International Management0105 earth and related environmental sciences

description

Abstract Reducing greenhouse gas (GHG) emissions involves effort from different sectors of the economy, including the water and sewerage industry. This study estimates the marginal cost of curtailing GHG emissions in the water and sewerage industry using stochastic frontier analysis techniques for a sample of ten English and Welsh water and sewerage companies over the 2010–2019 period. Results illustrated that the average marginal cost of reducing GHG emissions was 0.181 £/Kg CO2 equivalent. The marginal cost estimated notably differs across companies and over time. Findings further illustrate the impact of water companies' operating characteristics on the marginal cost of reducing carbon emissions.

yearjournalcountryeditionlanguage
2021-06-01Utilities Policy
https://doi.org/10.1016/j.jup.2021.101193