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Carbon policy in a high-growth economy: the case of China

Abstract:

There is widespread concern that an international agreement on stringent climate policies will not be reached because it would imply too high costs for fast growing economies like China. To quantify these costs we develop a general equilibrium model with fully endogenous growth. The framework includes disaggregated industrial and energy sectors, endogenous innovation, and sector-specic investments. We find that the implementation of Chinese government carbon policies until 2020 causes a welfa...

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Publication status:
Published

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Publisher:
University of Oxford
Series:
OxCarre Papers
Publication date:
2014-07-14
Paper number:
143
Keywords:
Pubs id:
1143691
Local pid:
pubs:1143691
Deposit date:
2020-12-15

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