China had been the world's second largest carbon emitter for years. However, recent studies show that China had overtaken the U.S. as the world's largest emitter in 2007. This has put China in the spotlight, just at a time when the world community starts negotiating a post-Kyoto climate regime...

A considerable body of economic literature shows the adverse economic impacts of oil-price shocks for the developed economies. However, there has been a lack of similar empirical study on China and other developing countries. This paper attempts to fill this gap by answering how and to what...