Energy and Climate Change in China

34 Pages Posted: 1 Mar 2011 Last revised: 5 Dec 2014

See all articles by Carlo Carraro

Carlo Carraro

Fondazione Eni Enrico Mattei (FEEM); Ca' Foscari University of Venice; CMCC - Euro Mediterranean Centre for Climate Change (Climate Policy Division); IPCC; Centre for Economic Policy Research (CEPR); CESifo (Center for Economic Studies and Ifo Institute); Centre for European Policy Studies, Brussels; Green Growth Knowledge Platform; International Center for Climate Governance

Emanuele Massetti

Georgia Institute of Technology; CESifo (Center for Economic Studies and Ifo Institute); CMCC - Euro Mediterranean Centre for Climate Change

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Date Written: February 28, 2011

Abstract

The paper examines future energy and emissions scenarios in China, presenting historical data and scenarios generated using the Integrated Assessment Model WITCH. A Business-as-Usual scenario is compared with four scenarios in which Greenhouse Gases emissions are taxed, at different levels. Key insights are provided to evaluate the Chinese pledge to reduce the emissions intensity of Gross Domestic Product by 40/45 percent in 2020 contained in the Copenhagen Accord. Marginal and total abatement costs are discussed using the OECD economies as a term of comparison. Cost estimates for different emissions reduction targets are used to assess the political feasibility of the 50 percent global reduction target set by the G8 and Major Economies Forum in July 2009.

Keywords: Climate Change, China, Energy Efficiency, Energy and Development

JEL Classification: Q4

Suggested Citation

Carraro, Carlo and Massetti, Emanuele, Energy and Climate Change in China (February 28, 2011). FEEM Working Paper No. 16.2011; CMCC Research Paper No. 106. Available at SSRN: https://ssrn.com/abstract=1772613 or http://dx.doi.org/10.2139/ssrn.1772613

Carlo Carraro

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Emanuele Massetti (Contact Author)

Georgia Institute of Technology ( email )

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CESifo (Center for Economic Studies and Ifo Institute)

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Italy

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