IDEAS home Printed from https://ideas.repec.org/p/zbw/ufzdps/122013.html
   My bibliography  Save this paper

From global public good to regional economic services: A comparative study on the development of climate change as economic goods in China and the EU

Author

Listed:
  • Li, Ying Ming
  • Schwarze, Reimund

Abstract

Economics is an important perspective of growing interest to analyze the climate change issues, especially, when we concentrate on the development of market-based instruments at the regional level. Starting from the fundamental characteristics of economic goods, the research put forwards a definition of climate change goods and, furthermore, builds a model of climate change policies in three transitional phases: from global public goods to regional private goods. Based on this model, the paper analyzes the development of climate change strategies in China and the EU, specifically considering the climate policies in Central and Eastern European economies in transition. While international climate negotiations remain important, the development of market-based instruments at the regional development is an important issue of transformation and social learning. From our comparative study, the transitional phase will last long period for all regions. Furthermore, the phase of a mature, perfectly functioning market, will never be reached because some public good elements of climate change will remain. There are many common issues faced by the EU and China, from a transitional perspective such as national harmonisation versus regional differentiation, and integration of top-down versus bottom-up strategies, and so on. Mutual learning on capacity development in China and the EU will be beneficial even if linking of climate change goods' markets in China and the EU will only be possible after 2020 due to divergent backgrounds.

Suggested Citation

  • Li, Ying Ming & Schwarze, Reimund, 2013. "From global public good to regional economic services: A comparative study on the development of climate change as economic goods in China and the EU," UFZ Discussion Papers 12/2013, Helmholtz Centre for Environmental Research (UFZ), Division of Social Sciences (ÖKUS).
    • Handle: RePEc:zbw:ufzdps:122013
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/80340/1/757441580.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801.
    2. Marechal, Kevin, 2007. "The economics of climate change and the change of climate in economics," Energy Policy, Elsevier, vol. 35(10), pages 5181-5194, October.
    3. Elinor Ostrom, 2014. "A Polycentric Approach For Coping With Climate Change," Annals of Economics and Finance, Society for AEF, vol. 15(1), pages 97-134, May.
    4. Stavins, Robert N., 2003. "Experience with market-based environmental policy instruments," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 1, chapter 9, pages 355-435, Elsevier.
    5. Carsten A. Holz, 2004. "China's Statistical System in Transition: Challenges, Data Problems, and Institutional Innovations," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 50(3), pages 381-409, September.
    6. Sir Nicholas Stern, 2006. "What is the Economics of Climate Change?," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 7(2), pages 1-10, April.
    7. Scrieciu, S. Şerban & Barker, Terry & Ackerman, Frank, 2013. "Pushing the boundaries of climate economics: critical issues to consider in climate policy analysis," Ecological Economics, Elsevier, vol. 85(C), pages 155-165.
    8. Midttun, Atle & Chander, Ishwar, 1998. "The political economy of energy use and pollution: the environmental effects of East-European transition to market economy," Energy Policy, Elsevier, vol. 26(13), pages 1017-1029, November.
    9. Clarke, Leon & Weyant, John & Edmonds, Jae, 2008. "On the sources of technological change: What do the models assume," Energy Economics, Elsevier, vol. 30(2), pages 409-424, March.
    10. Jon Skjærseth & Jørgen Wettestad, 2007. "Is EU enlargement bad for environmental policy? Confronting gloomy expectations with evidence," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 7(3), pages 263-280, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Scrieciu, S. Şerban & Barker, Terry & Ackerman, Frank, 2013. "Pushing the boundaries of climate economics: critical issues to consider in climate policy analysis," Ecological Economics, Elsevier, vol. 85(C), pages 155-165.
    2. van den Bergh, J.C.J.M. & Botzen, W.J.W., 2015. "Monetary valuation of the social cost of CO2 emissions: A critical survey," Ecological Economics, Elsevier, vol. 114(C), pages 33-46.
    3. Fankhauser, Samuel & Jotzo, Frank, 2017. "Economic growth and development with low-carbon energy," LSE Research Online Documents on Economics 86850, London School of Economics and Political Science, LSE Library.
    4. Franziska Piontek & Matthias Kalkuhl & Elmar Kriegler & Anselm Schultes & Marian Leimbach & Ottmar Edenhofer & Nico Bauer, 2019. "Economic Growth Effects of Alternative Climate Change Impact Channels in Economic Modeling," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(4), pages 1357-1385, August.
    5. Arif Rahman & Aneel Salman, 2013. "A District Level Climate Change Vulnerability Index of Pakistan," CEECC Working Paper 2013:05, Pakistan Institute of Development Economics.
    6. Jean Charles Hourcade & Michel Aglietta & Baptiste Perrissin-Fabert, 2014. "Transition to a Low-Carbon society and sustainable economic recovery, a monetary-based financial device," Post-Print hal-01692593, HAL.
    7. Sain, Gustavo & Loboguerrero, Ana María & Corner-Dolloff, Caitlin & Lizarazo, Miguel & Nowak, Andreea & Martínez-Barón, Deissy & Andrieu, Nadine, 2017. "Costs and benefits of climate-smart agriculture: The case of the Dry Corridor in Guatemala," Agricultural Systems, Elsevier, vol. 151(C), pages 163-173.
    8. Valentina Bosetti & Melanie Heugues & Alessandro Tavoni, 2017. "Luring others into climate action: coalition formation games with threshold and spillover effects," Oxford Economic Papers, Oxford University Press, vol. 69(2), pages 410-431.
    9. del Río, Pablo, 2012. "The dynamic efficiency of feed-in tariffs: The impact of different design elements," Energy Policy, Elsevier, vol. 41(C), pages 139-151.
    10. Robert N. Stavins, 2011. "The Problem of the Commons: Still Unsettled after 100 Years," American Economic Review, American Economic Association, vol. 101(1), pages 81-108, February.
    11. Naeem Akram & Abdul Hamid, 2015. "Climate change: A threat to the economic growth of Pakistan," Progress in Development Studies, , vol. 15(1), pages 73-86, January.
    12. Monasterolo, Irene & Raberto, Marco, 2018. "The EIRIN Flow-of-funds Behavioural Model of Green Fiscal Policies and Green Sovereign Bonds," Ecological Economics, Elsevier, vol. 144(C), pages 228-243.
    13. Hubertus Bardt & Lars P. Feld & Kai A. Konrad & Marcel Thum & Wolfgang Buchholz & Dirk Rubbelke & Christian Hey & Karin Holm-Muller & Michael Weber & Rudiger Pethig & Joachim Weimann & Timo Goeschl, 2011. "Emissions avoidance or adaptation to climate change: What is the future of climate policy?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64(05), pages 03-29, March.
    14. Gilbert E. Metcalf, 2009. "Market-Based Policy Options to Control U.S. Greenhouse Gas Emissions," Journal of Economic Perspectives, American Economic Association, vol. 23(2), pages 5-27, Spring.
    15. Price, Colin, 2018. "Declining discount rate and the social cost of carbon: Forestry consequences," Journal of Forest Economics, Elsevier, vol. 31(C), pages 39-45.
    16. Foxon, Timothy J., 2011. "A coevolutionary framework for analysing a transition to a sustainable low carbon economy," Ecological Economics, Elsevier, vol. 70(12), pages 2258-2267.
    17. Coleman, Eric A., 2010. "Implications of external validity for research on polycentric and complex adaptive systems," IAMO Forum 2010: Institutions in Transition – Challenges for New Modes of Governance 52713, Leibniz Institute of Agricultural Development in Central and Eastern Europe (IAMO).
    18. Michaël Aklin & Matto Mildenberger, 2020. "Prisoners of the Wrong Dilemma: Why Distributive Conflict, Not Collective Action, Characterizes the Politics of Climate Change," Global Environmental Politics, MIT Press, vol. 20(4), pages 4-27, Autumn.
    19. Rosen, Richard A. & Guenther, Edeltraud, 2015. "The economics of mitigating climate change: What can we know?," Technological Forecasting and Social Change, Elsevier, vol. 91(C), pages 93-106.
    20. Frank L. Bartels & Bianca Cravenna, 2015. "Low Carbon Development: The Challenges of Green Energy Innovation," Globelics Working Paper Series 2015-03, Globelics - Global Network for Economics of Learning, Innovation, and Competence Building Systems, Aalborg University, Department of Business and Management.

    More about this item

    Keywords

    Climate Change Goods; Sustainable Development; Economies in Transition; Market-based Instrument; Comparative Study; China; EU;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:ufzdps:122013. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/doufzde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.