A Comprehensive Package of Macroeconomic Policy Measures for Implementing China’s Climate Mitigation Strategy

This paper presents ways for China to achieve its climate goals while also attain high-quality growth—growth that is balanced, inclusive, and green. Using a dynamic computable general equilibrium model that is calibrated to China, multiple scenarios are considered that incorporate a sequence of laye...

Full description

Bibliographic Details
Main Author: Chateau, Jean
Other Authors: Chen, Wenjie, Jaumotte, Florence, Zhunussova, Karlygash
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2022
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 03283nmm a2200733 u 4500
001 EB002083097
003 EBX01000000000000001223187
005 00000000000000.0
007 cr|||||||||||||||||||||
008 220928 ||| eng
020 |a 9798400215711 
100 1 |a Chateau, Jean 
245 0 0 |a A Comprehensive Package of Macroeconomic Policy Measures for Implementing China’s Climate Mitigation Strategy  |c Jean Chateau, Wenjie Chen, Florence Jaumotte, Karlygash Zhunussova 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2022 
300 |a 44 pages 
651 4 |a China, People's Republic of 
653 |a Wealth 
653 |a Environmental Conservation and Protection 
653 |a Economics 
653 |a Environmental Economics 
653 |a Environmental economics 
653 |a Natural resources 
653 |a Climate 
653 |a Non-renewable resources 
653 |a Climate change 
653 |a Computable and Other Applied General Equilibrium Models 
653 |a Environmental management 
653 |a National accounts 
653 |a Environmental Economics: Government Policy 
653 |a Climate policy 
653 |a Economics of specific sectors 
653 |a Manufacturing and Service Industries 
653 |a Greenhouse gas emissions 
653 |a Currency crises 
653 |a Global Warming 
653 |a Macroeconomics 
653 |a Industrialization 
653 |a Choice of Technology 
653 |a Greenhouse gases 
653 |a Environmental policy 
653 |a Economic & financial crises & disasters 
653 |a Environmental Policy 
653 |a Environmental policy & protocols 
653 |a Natural Disasters and Their Management 
653 |a Saving 
653 |a Environment 
653 |a Economics: General 
653 |a Economywide Country Studies: Asia including Middle East 
653 |a Natural Resources 
653 |a Informal sector 
653 |a Nonrenewable Resources and Conservation: General 
653 |a Consumption 
653 |a Macroeconomics: Consumption 
653 |a Emissions trading 
700 1 |a Chen, Wenjie 
700 1 |a Jaumotte, Florence 
700 1 |a Zhunussova, Karlygash 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
028 5 0 |a 10.5089/9798400215711.001 
856 4 0 |u https://elibrary.imf.org/view/journals/001/2022/142/001.2022.issue-142-en.xml?cid=520870-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a This paper presents ways for China to achieve its climate goals while also attain high-quality growth—growth that is balanced, inclusive, and green. Using a dynamic computable general equilibrium model that is calibrated to China, multiple scenarios are considered that incorporate a sequence of layered policies: (i) frontloading mitigation with an earlier emissions peak, (ii) power market reforms, and (iii) economic rebalancing. The results highlight that these policies can significantly contribute to the success of the climate strategy overall, including by lowering the shadow price of carbon as well as the associated mitigation costs. Distribution analysis offers proposals to lessen the impact on vulnerable households