China faces many modernization challenges, but perhaps none is more pressing than that posed by climate change. China must find a new economic growth model that is simultaneously environmentally sustainable, can free it from its dependency on fossil fuels, and lift living standards for the majority of its population. But what does such a model look like? And how can China best make the transition from its present macro-economic structure to a low-carbon future? This ground-breaking economic study, led by the Stockholm Environment Institute and the Chinese Economists 50 Forum, brings together leading international thinkers in economics, climate change, and development, to tackle some of the most challenging issues relating to China's low-carbon development. This study maps out a deep carbon reduction scenario and analyzes economic policies that shift carbon use, and shows how China can take strong and decisive action to make deep reductions in carbon emission over the next forty years while maintaining high economic growth and minimizing adverse effects of a low-carbon transition. Moreover, these reductions can be achieved within the finite global carbon budget for greenhouse gas emissions, as determined by the hard constraints of climate science. The authors make the compelling case that a transition to a low-carbon economy is an essential part of China's development and modernization. Such a transformation would also present opportunities for China to improve its energy security and move its economy higher up the international value chain. They argue that even in these difficult economic times, climate change action may present more opportunities than costs. Such a transformation, for China and the rest of the world, will not be easy. But it is possible, necessary and worthwhile to pursue.

China's Dilemma - Economic Growth, the Environment and Climate Change examines the challenges China will have to confront in order to maintain rapid growth while coping with the global financial turbulence, some rising socially destabilising tensions such as income inequality, an over-exploited environment and the long-term pressures of global warming. China's Dilemma discusses key questions that will have an impact on China's growth path and offers some in-depth analyses as to how China could confront these challenges. The authors address the effect of the global credit crunch and financial shocks on China's economic growth; China's contribution to greenhouse gas emissions and emissions reduction schemes; the environmental consequences of foreign direct investment in China; the relationship between air pollution and mortality; the effect of climate change on agricultural output; the coal industry's compliance with tougher regulations; and the constraints water shortages may impose on China's economy. It also emphasises the importance of managing the rising demand for energy to moderate oil price increases and placating domestic and international concerns about global warming. In the thirty years since China started on the path of reform, it has emerged as one of the largest and most dynamic economies in the world. This carries with it the responsibility to balance the requirements of key industries that are driving its development with the need to ensure that its growth is both equitable and sustainable. China's Dilemma highlights key lessons learned from the past thirty years of reform in order to pave the way for balanced and sustained growth in the future.

This book establishes theories and methods of climate change economics based on the perspective of human development. The book, in two volumes, consists of papers and research reports authored by Pan Jiahua or researchers under his guidance. Professor Pan Jiahua is a leading figure in the field of political economy in climate change and has written extensively. The book is divided into four parts, covering theories, methods, governance, and policies. • The theory part includes the general economics of climate change, the political economy of climate change, carbon emissions, and human development. • The method part covers the economic analysis of greenhouse gas reduction and economics of low-carbon economic development. • The governance is on the design and construction of international climate regimes and China's role and choice. • Finally, the policy part consists of three chapters: policy choices for low-carbon transformation, energy-saving emission reduction, and low-carbon development and adaptation to climate change. The disciplines involved in climate change economics include welfare economics, development economics, international political economics, and property rights economics. In the context of multidisciplinary cross-cutting, the economics of climate change has evolved. The book proposes theories, methods and offers policy solutions and cases. It is of high academic and empirical value for developing countries to strive for fair rights and interests in international climate negotiations, obtain development space, and pursue a low-carbon and ecological economy. Professor Jiahua Pan and his team at the Chinese Academy of Social Sciences have contributed greatly to the development of climate change economics in China. Their work has laid the foundation of climate change economics from basic concepts, frameworks, and systems and has a great significance in promoting the development of climate change economics.

Various economic models are used in analyzing cost estimates for limiting carbon dioxide emissions, including an input-output approach, dynamic optimization and a computable general equilibrium approach. Topics include strategies for responding to climate change, policy instruments to control carbon dioxide emissions, the Chinese energy system, possible sectoral and macroeconomic effects of limiting carbon dioxide emissions, and the effects of recycling carbon tax revenues and compliance with carbon dioxide limits in China's power industry. Annotation copyrighted by Book News, Inc., Portland, OR

"Publication stock no. RPT125169-2"--Verso of title page.

Suffocating smog regularly envelops Chinese metropolises from Beijing to Shanghai, clouding the future prospect of China's growth sustainability. Air pollutants do not discriminate between the rich and the poor, the politician and the "average Joe." They put everyone's health and economic prosperity at risk, creating future costs that are difficult to calculate. Yet many people, including some in China, are concerned that addressing environmental challenges will jeopardize economic growth. In The Economics of Air Pollution in China, leading Chinese economist Ma Jun makes the case that the trade-off between growth and environment is not inevitable. In his ambitious proposal to tackle severe air pollution and drastically reduce the level of so-called PM 2.5 particles—microscopic pollutants that lodge deeply in lungs—Ma Jun argues that in targeting pollution, China has a real opportunity to undertake significant structural economic reforms that would support long-term growth. Rooted in rigorous analyses and evidence-based projections, Ma Jun's "big bang" proposal aims to mitigate pollution and facilitate a transition to a greener and more sustainable growth model.