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.
Mer detaljer
- DOI: 10.1016/j.reseneeco.2009.03.003
- År: 2009
- Tidsskrift: Resource and Energy Economics
- Språk: English
- Volum: 31
- Hefte: 3
- Side: 139 - 160
- Issn: 0928-7655