The Economics Of Climate Change In China

China faces many modernization challenges, but perhaps none is more pressing than that posed by climate change. China must find a new economic growth model that is simultaneously environmentally sustainable, can free it from its dependency on fossil fuels, and lift living standards for the majority of its population. But what does such a model look like? And how can China best make the transition from its present macro-economic structure to a low-carbon future? This ground-breaking economic study, led by the Stockholm Environment Institute and the Chinese Economists 50 Forum, brings together leading international thinkers in economics, climate change, and development, to tackle some of the most challenging issues relating to China's low-carbon development. This study maps out a deep carbon reduction scenario and analyzes economic policies that shift carbon use, and shows how China can take strong and decisive action to make deep reductions in carbon emission over the next forty years while maintaining high economic growth and minimizing adverse effects of a low-carbon transition. Moreover, these reductions can be achieved within the finite global carbon budget for greenhouse gas emissions, as determined by the hard constraints of climate science. The authors make the compelling case that a transition to a low-carbon economy is an essential part of China's development and modernization. Such a transformation would also present opportunities for China to improve its energy security and move its economy higher up the international value chain. They argue that even in these difficult economic times, climate change action may present more opportunities than costs. Such a transformation, for China and the rest of the world, will not be easy. But it is possible, necessary and worthwhile to pursue.

China's Dilemma - Economic Growth, the Environment and Climate Change examines the challenges China will have to confront in order to maintain rapid growth while coping with the global financial turbulence, some rising socially destabilising tensions such as income inequality, an over-exploited environment and the long-term pressures of global warming. China's Dilemma discusses key questions that will have an impact on China's growth path and offers some in-depth analyses as to how China could confront these challenges. The authors address the effect of the global credit crunch and financial shocks on China's economic growth; China's contribution to greenhouse gas emissions and emissions reduction schemes; the environmental consequences of foreign direct investment in China; the relationship between air pollution and mortality; the effect of climate change on agricultural output; the coal industry's compliance with tougher regulations; and the constraints water shortages may impose on China's economy. It also emphasises the importance of managing the rising demand for energy to moderate oil price increases and placating domestic and international concerns about global warming. In the thirty years since China started on the path of reform, it has emerged as one of the largest and most dynamic economies in the world. This carries with it the responsibility to balance the requirements of key industries that are driving its development with the need to ensure that its growth is both equitable and sustainable. China's Dilemma highlights key lessons learned from the past thirty years of reform in order to pave the way for balanced and sustained growth in the future.

This book establishes theories and methods of climate change economics based on the perspective of human development. The book, in two volumes, consists of papers and research reports authored by Pan Jiahua or researchers under his guidance. Professor Pan Jiahua is a leading figure in the field of political economy in climate change and has written extensively. The book is divided into four parts, covering theories, methods, governance, and policies. • The theory part includes the general economics of climate change, the political economy of climate change, carbon emissions, and human development. • The method part covers the economic analysis of greenhouse gas reduction and economics of low-carbon economic development. • The governance is on the design and construction of international climate regimes and China's role and choice. • Finally, the policy part consists of three chapters: policy choices for low-carbon transformation, energy-saving emission reduction, and low-carbon development and adaptation to climate change. The disciplines involved in climate change economics include welfare economics, development economics, international political economics, and property rights economics. In the context of multidisciplinary cross-cutting, the economics of climate change has evolved. The book proposes theories, methods and offers policy solutions and cases. It is of high academic and empirical value for developing countries to strive for fair rights and interests in international climate negotiations, obtain development space, and pursue a low-carbon and ecological economy. Professor Jiahua Pan and his team at the Chinese Academy of Social Sciences have contributed greatly to the development of climate change economics in China. Their work has laid the foundation of climate change economics from basic concepts, frameworks, and systems and has a great significance in promoting the development of climate change economics.

Various economic models are used in analyzing cost estimates for limiting carbon dioxide emissions, including an input-output approach, dynamic optimization and a computable general equilibrium approach. Topics include strategies for responding to climate change, policy instruments to control carbon dioxide emissions, the Chinese energy system, possible sectoral and macroeconomic effects of limiting carbon dioxide emissions, and the effects of recycling carbon tax revenues and compliance with carbon dioxide limits in China's power industry. Annotation copyrighted by Book News, Inc., Portland, OR

China is an integral actor in any movement that will stabilize the global climate at conditions suited to sustainable development for its own population and for people living around the world. Assessments of China’s climatic-system consequences, impact, and responsibilities need to take into account the strengths, weaknesses, and potential of subnational governments, non-governmental organizations, transnational non-state connections, and the urban populace in reducing greenhouse-gas emissions. A multitude of recent local initiatives that have engaged subnational China in actions that mitigate emissions can be enhanced by powerful framings that appeal to citizen concerns about air pollution and health conditions. China Confronts Climate Change offers the first fully comprehensive account of China’s response to climate change, based on engagement with the global climate governance literature and current debates over responsibility along with specific insights into the Chinese context. Responsible implementation of any overarching climate agreement depends on expanding China’s subnational contributions. To remain fully informed about GHG-emissions mitigation, China watchers and climate-change monitors need to pay close attention to bottom-up developments. The book provides a valuable contemporary resource for students, scholars, and policy leaders at all levels of governance who are concerned with climate change, environmental politics, and sustainable urban development.

Global climate change is one of the challenges ever to confront humanity with the largest scale, widest scope and most far-reaching influence. As the biggest developing country with the largest population, China is the world’s leading consumer of coal and energy, and one of the worst-hit victims of global warming. Consequently, China should assume its responsibility in making contributions to global sustainable development. Based on the principles of fairness and efficiency, this study creatively puts forward two principles of global governance on climate change. The first entails replacement of the two-group schema of developed and developing countries with a four-group model based on the Human Development Index (HDI). The second entails application of the resulting model to specify the major emitters as principal contributors to emission reduction. In addition, it proposes a two-step strategy for China to tackle the issue of climate change. This book makes it clear that China should proactively engage in relevant international cooperation, actively participate in international climate negotiations, make clear commitments to reduce emissions, and assume the obligations of a responsible power to achieve sustainable and green development.

This book studies the limits imposed by the depletion of fossil fuels and the requirements of climate stabilization on economic growth with a focus on China. The book intends to examine the potentials of various energy resources, including oil, natural gas, coal, nuclear, wind, solar, and other renewables, as well as energy efficiency. Unlike many other books on the subject, this book intends to argue that, despite the large potentials of renewable energies and energy efficiency, economic growth eventually will have to be brought to an end as China and the world undertake the transition from fossil fuels to renewable energies. China has overtaken the US to become the world’s largest energy consumer and greenhouse gas emitter. Their energy consumption is dominated by coal and China now accounts for one quarter of the world’s total carbon dioxide emissions. Moreover, China is set to become the world’s largest oil importer in the next decade. This book will consider energy development in the broader context of economic and social changes, especially the historical dynamics of the capitalist world system. Historical lessons of capitalism and socialism will be discussed. The book will evaluate the implications of ecological limits to growth on the economic system and argue that the existing capitalist system is fundamentally incompatible with ecological sustainability.

This report provides a new detailed quantitative assessment of the consequences of climate change on economic growth through to 2060 and beyond.