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In this book, Tingsong Jiang extensively discusses the wider issues
of economic instruments of pollution control as well as paying
specific attention to the control of carbon dioxide emissions in
China. The book begins with a general analysis of economic
instruments of pollution control, and is followed by the
application of these in CO2 emission control. The former presents
the discussion of pollution control policies in general equilibrium
settings, focusing on the comparison of pollution taxes and
tradable permits in certain kinds of circumstances with
imperfections such as uncertainty and pre-existing distortions. An
empirical evaluation of China's environmental policies is also
included. The latter brings the discussion into the area of global
warming policies with the focus on the implications to China. A
dynamic general equilibrium model, G-Cubed-T, is developed to
produce CO2 emissions projections from China, the US and the rest
of the world, and to simulate various policy targets and
instruments China may adopt to control its CO2 emissions. With its
systematic evaluation of China's environmental policy, this
thorough and rigorous assessment will be invaluable reading for
academics in environmental economics and environmental management,
policy analysts in environmental protection and global warming
fields, policymakers and government officials around the world, as
well as China specialists.
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