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Benefits and costs to China of three different climate treaties

  • Vennemo, Haakon
  • Aunan, Kristin
  • Jianwu, He
  • Tao, Hu
  • Shantong, Li

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.

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Article provided by Elsevier in its journal Resource and Energy Economics.

Volume (Year): 31 (2009)
Issue (Month): 3 (August)
Pages: 139-160

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Handle: RePEc:eee:resene:v:31:y:2009:i:3:p:139-160
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