Hübler, Michael; Löschel, Andreas; Voigt, Sebastian - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
We assess recent Chinese climate policy proposals in a multi-region, multi-sector computable general equilibrium model … with a Chinese carbon emissions trading scheme (ETS). When the emissions intensity per GDP in 2020 is required to be 45 …% lower than in 2005, the model simulations indicate that the climate policy- induced welfare loss in 2020, measured as the …