On November the 30th I presented joint work with Carlo Carraro on energy and climate change issues in China at the workshop on China's Economy organized by the Bank of Italy.
Abtract
The paper examines future energy and emissions scenarios in China, presenting historical data and scenarios generated using the Integrated Assessment Model WITCH. A Business-as-Usual scenario is compared with four scenarios in which Greenhouse Gases emissions are taxed, at different levels. Key insights are provided to evaluate the Chinese pledge to reduce the emissions intensity of Gross Domestic Product by 40/45 percent in 2020 contained in the Copenhagen Accord. Marginal and total abatement costs are discussed using the OECD economies as a term of comparison. Cost estimates for different emissions reduction targets are used to assess the political feasibility of the 50 percent global reduction target set by the G8 and Major Economies Forum in July 2009.
C. Carraro and E. Massetti (2010). "Energy and Climate Change in China." Fondazione Eni Enrico Mattei, mimeo, December 2010.
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