Policies and Institutions to Support Carbon Neutrality in China by 2060

Michael Davidson, Valerie J. Karplus, Da Zhang, Xiliang Zhang

Economics of Energy & Environmental Policy, 2021, vol. Volume 10, issue Number 2

Abstract: China's leadership has announced its aim to achieve carbon neutrality at the national level by 2060. Recent statements clarify that the country's pledge applies to all greenhouse gases. This review examines the extent to which current policies and institutions would need to evolve to support deep decarbonization in the world's largest emitting nation. First, we describe the landscape of policies related to climate change mitigation, focusing on planning targets, command-and-control policies, and market-based instruments. Second, we discuss the institutional landscape in the energy sector and identify changes that could improve the effectiveness of climate policies. Third and finally, we discuss how international action in the realms of climate negotiations, trade, and technological innovation could help clear the path to the 2060 goal. Our policy review illustrates how market-based elements are increasingly being incorporated into existing command-and-control policies or layered on top of them. This approach may be most successful if it can generate influential beneficiaries early on while reducing expected costs over time.

JEL-codes: F0 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.iaee.org/en/publications/eeeparticle.aspx?id=377 (text/html)
Access to full text is restricted to IAEE members and subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aen:eeepjl:eeep10-2-karplus

Ordering information: This journal article can be ordered from
http://www.iaee.org/ ... ons/eeepjournal.aspx

Access Statistics for this article

More articles in Economics of Energy & Environmental Policy from International Association for Energy Economics Contact information at EDIRC.
Bibliographic data for series maintained by David Williams ().