A Comprehensive Package of Macroeconomic Policy Measures for Implementing China’s Climate Mitigation Strategy PDF Download
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Author: Jean Chateau
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 44
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Book Description
This paper presents ways for China to achieve its climate goals while also attain high-quality growth—growth that is balanced, inclusive, and green. Using a dynamic computable general equilibrium model that is calibrated to China, multiple scenarios are considered that incorporate a sequence of layered policies: (i) frontloading mitigation with an earlier emissions peak, (ii) power market reforms, and (iii) economic rebalancing. The results highlight that these policies can significantly contribute to the success of the climate strategy overall, including by lowering the shadow price of carbon as well as the associated mitigation costs. Distribution analysis offers proposals to lessen the impact on vulnerable households.
Author: Jean Chateau
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 44
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Book Description
This paper presents ways for China to achieve its climate goals while also attain high-quality growth—growth that is balanced, inclusive, and green. Using a dynamic computable general equilibrium model that is calibrated to China, multiple scenarios are considered that incorporate a sequence of layered policies: (i) frontloading mitigation with an earlier emissions peak, (ii) power market reforms, and (iii) economic rebalancing. The results highlight that these policies can significantly contribute to the success of the climate strategy overall, including by lowering the shadow price of carbon as well as the associated mitigation costs. Distribution analysis offers proposals to lessen the impact on vulnerable households.
Author: Wang Weiguang
Publisher: Routledge
ISBN: 1136345167
Category : Political Science
Languages : en
Pages : 297
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Book Description
China is becoming a rising star in global economical and political affairs. Both internationally and within China itself, people have great expectations of its future role. This book aims to clarify many aspects of China’s key position in the climate change situation and policy debates. However, limited by its development stage, natural resource endowment, and other unbalanced developing issues, China is still a developing country. This book shows the reader the real China, which can provide more comprehensive solutions for future global climate regimes. This book includes research into China’s twelfth Five-Year-Plan; low-carbon city pilot schemes; policies and pathways for China’s nationally appropriate mitigation actions; China’s forestry management; China’s NGOs and climate change; the low-carbon 2010 Expo in Shanghai; carbon budget proposals; China’s green economy and green jobs; China’s reaction to carbon tariffs; China’s actions in approaching adaptation; China’s cumulative carbon emissions, and more. China’s Climate Change Policies brings together experienced experts with in-depth understanding of the scientific assessment of climate change and relevant social and economic policies, and senior experts who have participated directly in international climate negotiations. This will help the reader to better understand the 2011 Durban climate change conference, as well as China’s long-term strategy in response to climate change.
Author: Signe Krogstrup
Publisher: International Monetary Fund
ISBN: 1513511955
Category : Business & Economics
Languages : en
Pages : 58
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Book Description
Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role of macroeconomic and financial policy tools in enabling this transition. The literature provides a menu of policy tools for mitigation. A key conclusion is that fiscal tools are first in line and central, but can and may need to be complemented by financial and monetary policy instruments. Some tools and policies raise unanswered questions about policy tool assignment and mandates, which we describe. The literature is scarce, however, on the most effective policy mix and the role of mitigation tools and goals in the overall policy framework.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Maintaining rapid economic growth and protecting national sovereignty have been immovable national aims expressed in Chinese foreign policy behaviour since economic reforms were introduced in the late 1970s. Climate change, for its part, is a global concern and monetarily expensive issue which necessitates collective action. At face value, encouraging economic expansion and guarding national sovereignty could easily be viewed as conditions which oppose national actions to mitigate climate change and its potential effects. However in recent years, China has adopted a positive foreign policy tone expressing interest in mitigating climate change through the multilateral United Nations (UN) climate regime. Hence, China is a curious and perhaps contradictory participant in the UNFCCC regimes institutions. This thesis seeks to answer the following research question: Why is Chinese foreign policy able to balance supporting national economic development objectives and protect its sovereignty while also increasing UNFCCC multilateral cooperation to abate climate change? In the course of answering this question, Chinas foreign policy motivations in the climate regime are scrutinized using economic nationalism. Briefly, economic nationalism is applied here as an economically oriented ideological construct which incorporates sovereignty and national interests together with diverse economic policies, including interdependence. Supporting this thesis research is the three-fold argument which remarks that: First, Chinas multilateral climate change engagement is consistent with established foreign policy goals to sustain national economic development and preserve national sovereignty. Second, China has redefined its foreign policy to accommodate the ideological construct of economic nationalism, embodied in the course of its international economic and image-status benefits. Third, as a consequence, comprehending Chinese climate foreign policy consistency will contribute to improvin.
Author: David Sandalow
Publisher:
ISBN: 9781691490240
Category : Climate change mitigation
Languages : en
Pages : 172
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Book Description
China is the world's leading emitter of heat-trapping gases by a wide margin. There is no solution to climate change without China. In his Guide to Chinese Climate Policy, David Sandalow examines China's emissions, explores the impacts of climate change in China, provides a short history of China's climate policies and discusses China's principal climate policies today. This up-to-date Guide is an invaluable resource for anyone interested in China, climate change or both. "This comprehensive guide by a leading authority on the climate change policies of China, the world's largest emitter of greenhouse gases, is the most up-to-date reference available, and belongs on the desks and bookshelves of researchers and practitioners alike." -- Robert Stavins, A. J. Meyer Professor of Energy and Economic Development, John F. Kennedy School of Government, Harvard University "David Sandalow's extraordinary energy and environmental expertise coupled with his rich governmental experience at the Department of Energy, State Department and National Security Council are reflected in his Guide to Chinese Climate Policy 2019. His fact-packed analysis of China's climate policies, both good and bad, and how they compare with other nations' policy efforts, is invaluable. Professor Sandalow's excellent study is extremely timely and deserves a high level of attention." -- Amb. Carla Hills, Chair, National Committee on US-China Relations and former US Trade Representative "This is an excellent, readable, practical discussion of climate policy in a country whose climate policy is an indispensable ingredient to combatting climate change. David Sandalow is the perfect guide, deeply knowledgeable about China and practiced in the hands-on business of climate and energy diplomacy." -- Todd Stern, Senior Fellow, Brookings Institution and former US Special Climate Envoy "In the global effort to protect the climate, no country matters more than China. David Sandalow has written the definitive guide to Chinese actions--both at home and abroad. Impressive in scope and depth, Sandalow's study puts a spotlight on many important signs of progress along with some challenges that are deeply worrying." - David Victor, Professor of International Relations, University of California at San Diego and Co-Chair, Brookings Initiative on Energy and Climate Change "The energy transformation going on in China is critical to whether the world succeeds or fails in solving the climate crisis and that is why David Sandalow's important, authoritative and timely Guide to that transformation is so welcome." -- John Podesta, Founder and Director, Center for American Progress "David Sandalow's Guide to Chinese Climate Policies 2019 succeeds in achieving a seemingly impossible goal - to provide a concise, clear, and objective explication and evaluation of China's wide-ranging, multifaceted policies to address climate change. This deeply researched volume is a truly outstanding resource for anyone interested in this vitally important topic." -- Kenneth Lieberthal, Professor Emeritus, University of Michigan "David Sandalow's Guide to Chinese Climate Policy provides a comprehensive and insightful overview of both the positive and not-so-positive recent developments in China as it balances economic growth and development with climate change mitigation goals." - Nan Zhou, Head, International Energy Analysis Department, Lawrence Berkeley National Laboratory
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1484304802
Category : Business & Economics
Languages : en
Pages : 60
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Book Description
This paper takes stock of Seychelles’ plans to manage climate change, from the perspective of its macroeconomic implications. It suggests macro-relevant reforms that could strengthen the plans’ likelihood of success. It highlights high public awareness and a body of existing sustainable development planning, which puts Seychelles several steps ahead toward preparedness. Next steps would be to ensure that climate change planning is integrated with the forthcoming National Development Plan. Disaster preparedness is a relatively strong point, but there is much still to be done—from improving warning systems to resilience building to contingency financing.
Author: Andrew Scobell
Publisher: Rand Corporation
ISBN: 1977404200
Category : History
Languages : en
Pages : 155
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Book Description
To explore what extended competition between the United States and China might entail out to 2050, the authors of this report identified and characterized China’s grand strategy, analyzed its component national strategies (diplomacy, economics, science and technology, and military affairs), and assessed how successful China might be at implementing these over the next three decades.
Author: Anthony Bonen
Publisher: International Monetary Fund
ISBN: 1475539711
Category : Business & Economics
Languages : en
Pages : 46
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Book Description
We propose a macroeconomic model to assess optimal public policy decisions in the the face of competing funding demands for climate change action versus traditional welfare-enhancing capital investment. How to properly delineate the costs and benefits of traditional versus adaption-focused development remains an open question. The paper places particular emphasis on the changing level of risk and vulnerabilities faced by developing countries as they allocate investment toward growth strategies, adapting to climate change and emissions mitigation.
Author: Congressional Research Service
Publisher: Createspace Independent Publishing Platform
ISBN: 9781976466953
Category :
Languages : en
Pages : 52
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Book Description
Prior to the initiation of economic reforms and trade liberalization 36 years ago, China maintained policies that kept the economy very poor, stagnant, centrally-controlled, vastly inefficient, and relatively isolated from the global economy. Since opening up to foreign trade and investment and implementing free market reforms in 1979, China has been among the world's fastest-growing economies, with real annual gross domestic product (GDP) growth averaging nearly 10% through 2016. In recent years, China has emerged as a major global economic power. It is now the world's largest economy (on a purchasing power parity basis), manufacturer, merchandise trader, and holder of foreign exchange reserves.The global economic crisis that began in 2008 greatly affected China's economy. China's exports, imports, and foreign direct investment (FDI) inflows declined, GDP growth slowed, and millions of Chinese workers reportedly lost their jobs. The Chinese government responded by implementing a $586 billion economic stimulus package and loosening monetary policies to increase bank lending. Such policies enabled China to effectively weather the effects of the sharp global fall in demand for Chinese products, but may have contributed to overcapacity in several industries and increased debt by Chinese firms and local government. China's economy has slowed in recent years. Real GDP growth has slowed in each of the past six years, dropping from 10.6% in 2010 to 6.7% in 2016, and is projected to slow to 5.7% by 2022.The Chinese government has attempted to steer the economy to a "new normal" of slower, but more stable and sustainable, economic growth. Yet, concerns have deepened in recent years over the health of the Chinese economy. On August 11, 2015, the Chinese government announced that the daily reference rate of the renminbi (RMB) would become more "market-oriented." Over the next three days, the RMB depreciated against the dollar and led to charges that China's goal was to boost exports to help stimulate the economy (which some suspect is in worse shape than indicated by official Chinese economic statistics). Concerns over the state of the Chinese economy appear to have often contributed to volatility in global stock indexes in recent years.The ability of China to maintain a rapidly growing economy in the long run will likely depend largely on the ability of the Chinese government to implement comprehensive economic reforms that more quickly hasten China's transition to a free market economy; rebalance the Chinese economy by making consumer demand, rather than exporting and fixed investment, the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection. The Chinese government has acknowledged that its current economic growth model needs to be altered and has announced several initiatives to address various economic challenges. In November 2013, the Communist Party of China held the Third Plenum of its 18th Party Congress, which outlined a number of broad policy reforms to boost competition and economic efficiency. For example, the communique stated that the market would now play a "decisive" role in allocating resources in the economy. At the same time, however, the communique emphasized the continued important role of the state sector in China's economy. In addition, many foreign firms have complained that the business climate in China has worsened in recent years. Thus, it remains unclear how committed the Chinese government is to implementing new comprehensive economic reforms.China's economic rise has significant implications for the United States and hence is of major interest to Congress. This report provides background on China's economic rise; describes its current economic structure; identifies the challenges China faces to maintain economic growth; and discusses the challenges, opportunities, and implications of China's economic rise.
Author: Baoping Shang
Publisher: International Monetary Fund
ISBN: 151357339X
Category : Business & Economics
Languages : en
Pages : 32
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Book Description
Addressing the poverty and distributional impacts of carbon pricing reforms is critical for the success of ambitious actions in the fight against climate change. This paper uses a simple framework to systematically review the channels through which carbon pricing can potentially affect poverty and inequality. It finds that the channels differ in important ways along several dimensions. The paper also identifies several key gaps in the current literature and discusses some considerations on how policy designs could take into account the attributes of the channels in mitigating the impacts of carbon pricing reforms on households.
