Impacts of Carbon Pricing in Reducing the Carbon Intensity of China's GDP
In contributing to global climate change mitigation efforts as agreed in Paris in 2015, China has set a target of reducing the carbon dioxide intensity of gross domestic product by 60-65 percent in 2030 compared with 2005 levels. Using a dynamic co...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/06/26537193/impacts-carbon-pricing-reducing-carbon-intensity-chinas-gdp http://hdl.handle.net/10986/24652 |
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okr-10986-24652 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English en_US |
| topic |
KILOWATT-HOURS POWER PLANTS SULPHUR DIOXIDE RENEWABLE RESOURCES PRIMARY ELECTRICITY REFINED PRODUCTS RENEWABLE PORTFOLIO STANDARD FOSSIL FUELS CARBON DIOXIDE AIR QUALITY WIND RESOURCE ELECTRICITY GENERATION TECHNOLOGIES NITROGEN OXIDES GENERATION NUCLEAR PLANTS GASOLINE PRIMARY SOURCES OF ENERGY EMISSION REDUCTION PRICE RAW COAL WIND TURBINE CLEANER GREENHOUSE GAS CLEAN AIR REFINERY GAS OIL PRICES PETROLEUM COAL USE POWER INDUSTRY AIR POLLUTION OIL HIGHER ENERGY PRICES ENERGY SOURCES REFINED PETROLEUM PRODUCTS FUEL USE DOMESTIC SUPPLY POWER GENERATORS THERMAL OUTPUT CONSUMPTION OF COAL RENEWABLE ELECTRICITY FUELS FUEL COSTS POWER DISTRIBUTION CARBON EMISSIONS GASIFICATION COAL TECHNOLOGIES ENERGY REVIEW TURBINE EMISSION PEAK LOAD COAL MINING ENERGY INPUT BALANCE ELECTRIC POWER CARBON TRADING ELECTRICITY CEMENT WIND POWER HYDROPOWER ELECTRICITY GENERATION FOSSIL FUEL EMISSION FACTORS FUEL PRICES PARTICULATE VALUE OF ENERGY ENERGY USE GROSS OUTPUT CONVENTIONAL COAL TRANSMISSION LOSSES POWER GENERATION TECHNOLOGIES SOLAR POWER WIND FARM ENERGY OUTLOOK ENERGY DEMAND TONS OF CARBON HEAT OUTPUT NITROGEN CARBON INTENSITY FOSSIL FUEL PRICES ELECTRICITY PRICE COAL CLEAN WATER FUEL CRUDE OIL CONSUMPTION OF FUEL PRICES OF ENERGY COAL GAS COAL ENERGY SULFUR DIOXIDE RENEWABLE SOURCES SULFATES WIND TURBINES PETROLEUM PRODUCTS RENEWABLE POWER ELECTRICITY PRODUCTION DIESEL KEROSENE IMPROVEMENTS IN ENERGY EFFICIENCY HEAT GENERATION COAL UNITS FUEL COST APPROACH ELECTRICAL POWER EMPLOYMENT PRIMARY SOURCES OIL PRICE RAW GAS CEMENT PRODUCTION SUPPLY CURVE PRICE OF ELECTRICITY GREENHOUSE GAS EMISSIONS BUILDING MATERIALS VEHICLES QUANTITY OF ELECTRICITY CLEAN ENERGY WIND EMISSIONS DEMAND FOR GASOLINE LIQUID FUELS SUPPLY CURVES RENEWABLE PORTFOLIO STANDARDS GAS NUCLEAR GENERATION ELECTRIC POWER INDUSTRY ELECTRICITY CONSUMPTION COAL OIL ELECTRIC UTILITIES BIOMASS GENERATION CAPACITY POWER GENERATION CARBON CAPTURE POWER SECTOR OPTIONS WATER CARBON TAXES PETROLEUM REFINING POLLUTION NUCLEAR CAPACITY TAX REVENUES GROSS DOMESTIC PRODUCT SULFUR QUANTITY OF FUEL PARTICULATE MATTER ENERGY CONSUMPTION COAL PLANT TAX RATE HEAT CLIMATE CHANGE ELECTRICITY DEMAND WORLD CONSUMPTION HYDRO POWER UTILITIES POWER COAL GENERATION POLLUTANTS PRIMARY ENERGY PRODUCTION CLIMATE CHANGE MITIGATION AMMONIA HOT WATER DEMAND CURVE CARBON ENERGY CONSUMPTION OF ENERGY NUCLEAR ENERGY GENERATING CAPACITY ENERGY PRICES ENERGY PRODUCTION POWER PRODUCTION PRIMARY ENERGY TURBINES TAX REVENUE ENERGY EFFICIENCY ELECTRICITY PRICES CRUDE OIL PRICE NATURAL GAS COMBUSTION GENERATION OF ELECTRICITY INVESTMENT COAL CONSUMPTION NUCLEAR POWER TARIFF FUEL OIL WIND SITES AVAILABILITY ONSHORE WIND INVESTMENTS PRICE OF COAL RENEWABLE ENERGY GASES OIL USE FOSSIL COAL PRICE PRICES FOSSIL ENERGY ENERGY |
| spellingShingle |
KILOWATT-HOURS POWER PLANTS SULPHUR DIOXIDE RENEWABLE RESOURCES PRIMARY ELECTRICITY REFINED PRODUCTS RENEWABLE PORTFOLIO STANDARD FOSSIL FUELS CARBON DIOXIDE AIR QUALITY WIND RESOURCE ELECTRICITY GENERATION TECHNOLOGIES NITROGEN OXIDES GENERATION NUCLEAR PLANTS GASOLINE PRIMARY SOURCES OF ENERGY EMISSION REDUCTION PRICE RAW COAL WIND TURBINE CLEANER GREENHOUSE GAS CLEAN AIR REFINERY GAS OIL PRICES PETROLEUM COAL USE POWER INDUSTRY AIR POLLUTION OIL HIGHER ENERGY PRICES ENERGY SOURCES REFINED PETROLEUM PRODUCTS FUEL USE DOMESTIC SUPPLY POWER GENERATORS THERMAL OUTPUT CONSUMPTION OF COAL RENEWABLE ELECTRICITY FUELS FUEL COSTS POWER DISTRIBUTION CARBON EMISSIONS GASIFICATION COAL TECHNOLOGIES ENERGY REVIEW TURBINE EMISSION PEAK LOAD COAL MINING ENERGY INPUT BALANCE ELECTRIC POWER CARBON TRADING ELECTRICITY CEMENT WIND POWER HYDROPOWER ELECTRICITY GENERATION FOSSIL FUEL EMISSION FACTORS FUEL PRICES PARTICULATE VALUE OF ENERGY ENERGY USE GROSS OUTPUT CONVENTIONAL COAL TRANSMISSION LOSSES POWER GENERATION TECHNOLOGIES SOLAR POWER WIND FARM ENERGY OUTLOOK ENERGY DEMAND TONS OF CARBON HEAT OUTPUT NITROGEN CARBON INTENSITY FOSSIL FUEL PRICES ELECTRICITY PRICE COAL CLEAN WATER FUEL CRUDE OIL CONSUMPTION OF FUEL PRICES OF ENERGY COAL GAS COAL ENERGY SULFUR DIOXIDE RENEWABLE SOURCES SULFATES WIND TURBINES PETROLEUM PRODUCTS RENEWABLE POWER ELECTRICITY PRODUCTION DIESEL KEROSENE IMPROVEMENTS IN ENERGY EFFICIENCY HEAT GENERATION COAL UNITS FUEL COST APPROACH ELECTRICAL POWER EMPLOYMENT PRIMARY SOURCES OIL PRICE RAW GAS CEMENT PRODUCTION SUPPLY CURVE PRICE OF ELECTRICITY GREENHOUSE GAS EMISSIONS BUILDING MATERIALS VEHICLES QUANTITY OF ELECTRICITY CLEAN ENERGY WIND EMISSIONS DEMAND FOR GASOLINE LIQUID FUELS SUPPLY CURVES RENEWABLE PORTFOLIO STANDARDS GAS NUCLEAR GENERATION ELECTRIC POWER INDUSTRY ELECTRICITY CONSUMPTION COAL OIL ELECTRIC UTILITIES BIOMASS GENERATION CAPACITY POWER GENERATION CARBON CAPTURE POWER SECTOR OPTIONS WATER CARBON TAXES PETROLEUM REFINING POLLUTION NUCLEAR CAPACITY TAX REVENUES GROSS DOMESTIC PRODUCT SULFUR QUANTITY OF FUEL PARTICULATE MATTER ENERGY CONSUMPTION COAL PLANT TAX RATE HEAT CLIMATE CHANGE ELECTRICITY DEMAND WORLD CONSUMPTION HYDRO POWER UTILITIES POWER COAL GENERATION POLLUTANTS PRIMARY ENERGY PRODUCTION CLIMATE CHANGE MITIGATION AMMONIA HOT WATER DEMAND CURVE CARBON ENERGY CONSUMPTION OF ENERGY NUCLEAR ENERGY GENERATING CAPACITY ENERGY PRICES ENERGY PRODUCTION POWER PRODUCTION PRIMARY ENERGY TURBINES TAX REVENUE ENERGY EFFICIENCY ELECTRICITY PRICES CRUDE OIL PRICE NATURAL GAS COMBUSTION GENERATION OF ELECTRICITY INVESTMENT COAL CONSUMPTION NUCLEAR POWER TARIFF FUEL OIL WIND SITES AVAILABILITY ONSHORE WIND INVESTMENTS PRICE OF COAL RENEWABLE ENERGY GASES OIL USE FOSSIL COAL PRICE PRICES FOSSIL ENERGY ENERGY Cao, Jing Ho, Mun Timilsina, Govinda R. Impacts of Carbon Pricing in Reducing the Carbon Intensity of China's GDP |
| geographic_facet |
East Asia and Pacific China |
| relation |
Policy Research Working Paper;No. 7735 |
| description |
In contributing to global climate change
mitigation efforts as agreed in Paris in 2015, China has set
a target of reducing the carbon dioxide intensity of gross
domestic product by 60-65 percent in 2030 compared with 2005
levels. Using a dynamic computable general equilibrium model
of China, this study analyzes the economic and greenhouse
gas impacts of meeting those targets through carbon pricing.
The study finds that the trajectory of carbon prices to
achieve the target depends on several factors, including how
the carbon price changes over time and how carbon revenue is
recycled to the economy. The study finds that carbon pricing
that starts at a lower rate and gradually rises until it
achieves the intensity target would be more efficient than a
carbon price that remains constant over time. Using carbon
revenue to cut existing distortionary taxes reduces the
impact on the growth of gross domestic product relative to
lump-sum redistribution. Recycling carbon revenue through
subsidies to renewables and other low-carbon energy sources
also can meet the targets, but the impact on the growth of
gross domestic product is larger than with the other
policies considered. |
| format |
Working Paper |
| author |
Cao, Jing Ho, Mun Timilsina, Govinda R. |
| author_facet |
Cao, Jing Ho, Mun Timilsina, Govinda R. |
| author_sort |
Cao, Jing |
| title |
Impacts of Carbon Pricing in Reducing the Carbon Intensity of China's GDP |
| title_short |
Impacts of Carbon Pricing in Reducing the Carbon Intensity of China's GDP |
| title_full |
Impacts of Carbon Pricing in Reducing the Carbon Intensity of China's GDP |
| title_fullStr |
Impacts of Carbon Pricing in Reducing the Carbon Intensity of China's GDP |
| title_full_unstemmed |
Impacts of Carbon Pricing in Reducing the Carbon Intensity of China's GDP |
| title_sort |
impacts of carbon pricing in reducing the carbon intensity of china's gdp |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/06/26537193/impacts-carbon-pricing-reducing-carbon-intensity-chinas-gdp http://hdl.handle.net/10986/24652 |
| _version_ |
1764457290672373760 |
| spelling |
okr-10986-246522021-04-23T14:04:23Z Impacts of Carbon Pricing in Reducing the Carbon Intensity of China's GDP Cao, Jing Ho, Mun Timilsina, Govinda R. KILOWATT-HOURS POWER PLANTS SULPHUR DIOXIDE RENEWABLE RESOURCES PRIMARY ELECTRICITY REFINED PRODUCTS RENEWABLE PORTFOLIO STANDARD FOSSIL FUELS CARBON DIOXIDE AIR QUALITY WIND RESOURCE ELECTRICITY GENERATION TECHNOLOGIES NITROGEN OXIDES GENERATION NUCLEAR PLANTS GASOLINE PRIMARY SOURCES OF ENERGY EMISSION REDUCTION PRICE RAW COAL WIND TURBINE CLEANER GREENHOUSE GAS CLEAN AIR REFINERY GAS OIL PRICES PETROLEUM COAL USE POWER INDUSTRY AIR POLLUTION OIL HIGHER ENERGY PRICES ENERGY SOURCES REFINED PETROLEUM PRODUCTS FUEL USE DOMESTIC SUPPLY POWER GENERATORS THERMAL OUTPUT CONSUMPTION OF COAL RENEWABLE ELECTRICITY FUELS FUEL COSTS POWER DISTRIBUTION CARBON EMISSIONS GASIFICATION COAL TECHNOLOGIES ENERGY REVIEW TURBINE EMISSION PEAK LOAD COAL MINING ENERGY INPUT BALANCE ELECTRIC POWER CARBON TRADING ELECTRICITY CEMENT WIND POWER HYDROPOWER ELECTRICITY GENERATION FOSSIL FUEL EMISSION FACTORS FUEL PRICES PARTICULATE VALUE OF ENERGY ENERGY USE GROSS OUTPUT CONVENTIONAL COAL TRANSMISSION LOSSES POWER GENERATION TECHNOLOGIES SOLAR POWER WIND FARM ENERGY OUTLOOK ENERGY DEMAND TONS OF CARBON HEAT OUTPUT NITROGEN CARBON INTENSITY FOSSIL FUEL PRICES ELECTRICITY PRICE COAL CLEAN WATER FUEL CRUDE OIL CONSUMPTION OF FUEL PRICES OF ENERGY COAL GAS COAL ENERGY SULFUR DIOXIDE RENEWABLE SOURCES SULFATES WIND TURBINES PETROLEUM PRODUCTS RENEWABLE POWER ELECTRICITY PRODUCTION DIESEL KEROSENE IMPROVEMENTS IN ENERGY EFFICIENCY HEAT GENERATION COAL UNITS FUEL COST APPROACH ELECTRICAL POWER EMPLOYMENT PRIMARY SOURCES OIL PRICE RAW GAS CEMENT PRODUCTION SUPPLY CURVE PRICE OF ELECTRICITY GREENHOUSE GAS EMISSIONS BUILDING MATERIALS VEHICLES QUANTITY OF ELECTRICITY CLEAN ENERGY WIND EMISSIONS DEMAND FOR GASOLINE LIQUID FUELS SUPPLY CURVES RENEWABLE PORTFOLIO STANDARDS GAS NUCLEAR GENERATION ELECTRIC POWER INDUSTRY ELECTRICITY CONSUMPTION COAL OIL ELECTRIC UTILITIES BIOMASS GENERATION CAPACITY POWER GENERATION CARBON CAPTURE POWER SECTOR OPTIONS WATER CARBON TAXES PETROLEUM REFINING POLLUTION NUCLEAR CAPACITY TAX REVENUES GROSS DOMESTIC PRODUCT SULFUR QUANTITY OF FUEL PARTICULATE MATTER ENERGY CONSUMPTION COAL PLANT TAX RATE HEAT CLIMATE CHANGE ELECTRICITY DEMAND WORLD CONSUMPTION HYDRO POWER UTILITIES POWER COAL GENERATION POLLUTANTS PRIMARY ENERGY PRODUCTION CLIMATE CHANGE MITIGATION AMMONIA HOT WATER DEMAND CURVE CARBON ENERGY CONSUMPTION OF ENERGY NUCLEAR ENERGY GENERATING CAPACITY ENERGY PRICES ENERGY PRODUCTION POWER PRODUCTION PRIMARY ENERGY TURBINES TAX REVENUE ENERGY EFFICIENCY ELECTRICITY PRICES CRUDE OIL PRICE NATURAL GAS COMBUSTION GENERATION OF ELECTRICITY INVESTMENT COAL CONSUMPTION NUCLEAR POWER TARIFF FUEL OIL WIND SITES AVAILABILITY ONSHORE WIND INVESTMENTS PRICE OF COAL RENEWABLE ENERGY GASES OIL USE FOSSIL COAL PRICE PRICES FOSSIL ENERGY ENERGY In contributing to global climate change mitigation efforts as agreed in Paris in 2015, China has set a target of reducing the carbon dioxide intensity of gross domestic product by 60-65 percent in 2030 compared with 2005 levels. Using a dynamic computable general equilibrium model of China, this study analyzes the economic and greenhouse gas impacts of meeting those targets through carbon pricing. The study finds that the trajectory of carbon prices to achieve the target depends on several factors, including how the carbon price changes over time and how carbon revenue is recycled to the economy. The study finds that carbon pricing that starts at a lower rate and gradually rises until it achieves the intensity target would be more efficient than a carbon price that remains constant over time. Using carbon revenue to cut existing distortionary taxes reduces the impact on the growth of gross domestic product relative to lump-sum redistribution. Recycling carbon revenue through subsidies to renewables and other low-carbon energy sources also can meet the targets, but the impact on the growth of gross domestic product is larger than with the other policies considered. 2016-07-07T22:17:49Z 2016-07-07T22:17:49Z 2016-06 Working Paper http://documents.worldbank.org/curated/en/2016/06/26537193/impacts-carbon-pricing-reducing-carbon-intensity-chinas-gdp http://hdl.handle.net/10986/24652 English en_US Policy Research Working Paper;No. 7735 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper East Asia and Pacific China |