Benefits and costs to China of three different climate treaties

Haakon Vennemo, Kristin Aunan, He Jianwu, Hu Tao and Li Shantong

Resource and Energy Economics, 2009, vol. 31, issue 3, 139-160

Abstract: There are currently several ideas on the table for a climate treaty post-Kyoto. We consider the impact on China of three ideas: a cap on the CO2 intensity, a cap on the CO2 level, and a cap on the CO2 intensity in key sectors. We find that a cap on the CO2 intensity gives large environmental co-benefits to China on aggregate, but there are significant negative effects for rural households. Assuming these are addressed the country could reduce its CO2 intensity by a third before costs outweigh environmental co-benefits. By contrast a cap confined to the manufacturing and power sector does not bring substantial co-benefits to China.

Keywords: Climate; Commitment; Treaty; China (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:resene:v:31:y:2009:i:3:p:139-160

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