Towards a Low-Carbon Economy
New Horizons in Environmental Economics series
Concerned about a range of environmental problems and health risks from burning fossil fuels and steeply rising oil imports, and facing great pressure both inside and outside international climate negotiations to be more ambitious in combating global climate change, China, from its own perspective cannot afford to and, from an international perspective, is not meant to continue on the conventional path of encouraging economic growth at the expense of the environment. Clearly, balancing China’s energy needs to fuel its economic growth with the resulting potential impacts of climate change presents an enormous climate policy dilemma, not simply for China but for the entire world. This is the major reason why the role of China is an issue of perennial concern at international climate change negotiations. Given that China is already the world’s largest energy consumer and carbon emitter and that its energy use and carbon emissions continue to rise rapidly as it has overtaken Japan as the world’s second largest economy, and is rapidly approaching to be the largest economy in the next one to two decades, there is an ever increasing interest in what policies and measures China has put in place to save energy and limit emissions, how effective these policies and measures are, to what extent China can go beyond its current efforts, and what new policies and measures are needed to be enacted to get there, just to mention a few. A comprehensive discussion and rigorous analysis of these issues will not only help policymakers to...