Reaping the Economic Benefits of Decarbonization for China
Fei Teng () and
Frank Jotzo ()
Additional contact information
Fei Teng: Institute of Energy, Environment and Economy, Research Center for Contemporary Management, Tsinghua University
CCEP Working Papers from Centre for Climate & Energy Policy, Crawford School of Public Policy, The Australian National University
China needs to reduce its carbon emissions if global climate change mitigation is to succeed. Conventional economic analysis views cutting emissions as a cost, creating a collective action problem. However, decarbonization can improve productivity and provide co-benefits that accord with multiple national policy objectives. We track China's progress in reducing the emissions intensity of the economy, and construct a macro scenario with China's carbon emissions peaking in the 2020s. Investment in greater energy productivity and economic restructuring away from heavy industries can bring productivity gains, and decarbonization of energy supply has important co-benefits for air pollution and energy security. Combined with lower climate change risks and the likelihood that China's actions will influence other countries, this suggests that cutting carbon emissions is not only in China's self-interest but also in the global interest. To properly identify the true costs and benefits of climate change action requires new thinking in economic analysis.
Keywords: China; climate change mitigation; co-benefits (search for similar items in EconPapers)
JEL-codes: O44 Q48 Q54 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ene, nep-env and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10) Track citations by RSS feed
Downloads: (external link)
https://ccep.crawford.anu.edu.au/sites/default/fil ... 2015-07/ccep1413.pdf
Journal Article: Reaping the Economic Benefits of Decarbonization for China (2014)
Working Paper: Reaping the Economic Benefits of Decarbonization for China (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:een:ccepwp:1413
Access Statistics for this paper
More papers in CCEP Working Papers from Centre for Climate & Energy Policy, Crawford School of Public Policy, The Australian National University Contact information at EDIRC.
Bibliographic data for series maintained by CCEP ().