China's climate policy: market instruments and structural change

Arndt-Corden Department of Economics

Event details

ACDE Seminar

Date & time

Tuesday 19 March 2013
2.00pm–3.30pm

Venue

Seminar Room B, Coombs Building, Fellows Road, ANU

Speaker

Frank Jotzo, ANU

Contacts

Daniel Suryadarma / Arianto Patunru
61250304 / 61259786
Abstract: China has ambitious goals to limit the growth of greenhouse gas emissions. China’s energy and climate policy to date has relayed largely on a direct regulatory approach, but is now considering a national emissions trading scheme, or a carbon tax. As a first step, pilot emissions trading schemes are in preparation in cities and provinces with a combined population of more than 250 million people. A move towards market based policy instruments is significant, in a fast-growing economy where command and control approaches to policy have dominated, and where many aspects of energy pricing are heavily regulated. This paper examines policy design issues for national emissions pricing in China, in the light of economic principles, China’s circumstances and Australian and European experiences. It also looks at possible effects of low-carbon strategies on structural change and economic growth.

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