Description
Book SynopsisThis book is the first systematic and comprehensive analysis of the economic implications of carbon abatement for the Chinese economy. It evaluates the economics of climate change and provides national, cost-effective policies for climate change.
The book consists of three main parts, firstly, an analysis of the Chinese energy system to increase awareness of the implications of this sector for China's future carbon dioxide emissions, secondly, a macroeconomic analysis of carbon dioxide emissions limits using a newly-developed computable general equilibrium model of the Chinese economy; and fianlly, a cost-effective analysis of carbon abatement options by means of a technology-oriented dynamic optimization model.
The author begins by introducing some of the economic aspects of climate change including the consequences of climate change,damage estimates of carbon dioxide emissions, strategies for responding to climate change and policy instruments to control carbon dioxide emissions. This discussion then focuses on the Chinese energy system and possible sectoral and macroeconomic effects of limiting carbon dioxide emissions. In this examination Dr Zhang considers the effects of recycling carbon tax revenues and compliance with carbon dioxide limits in China's power industry. The author also evaluates various economic models in analyzing cost estimates for limiting carbon dioxide emissions, including an input-output approach, dynamic optimization and a computable general equilibrium approach. Finally, there is a discussion of technological aspects of carbon abatement in the Chinese power industry.
The Economics of Energy Policy in China will be of interest to energy and environmental economists and policymakers.
Trade Review'Given the towering importance of China in world environmental planning, this book is a must read for anyone attempting to understand world climate change issues. In addition, it provides planners with a much needed reference on all aspects of the Chinese energy sector . . . The book makes a significant contribution in three main areas. First, it gives us a first class description of all the issues that are contributing to the climate change debate and puts the case of China into its proper context within that debate. Secondly, the author's description of the Chinese energy sector in Chapter 3 is most informative and lucid. Finally, his CGE model is impressive and his model's simulation results are quite plausible . . . I strongly recommend this book as reading material for anyone seriously interested in the public policy issues that relate to climate change. It will probably remain the definitive work on China and joint implementation for years to come.'Table of ContentsContents: 1. Introduction 2. Some Economic Aspects of Climate Change 3. Analysis of the Chinese Energy System: Implications for future CO2 Emmissions 4. Economic Modelling Approaches to Cost Estimates for Limiting CO2 Emissions 5. A Computable General Equilibrium Model for Energy and Environmental Policy Analysis 6. Data, Model Calibration and Solution 7. Macroeconomic Analysis of CO2 Emission Limits for China: A CGE Approach 8. Cost-Effective Analysis of Carbon Abatement 9. Conclusions Index
