Conducting And Financing Low Carbon Transitions In China

Utilizing a governmentality lens, this timely book offers an explanation for ChinaÕs decarbonization performance in the early 21st century. Le-Yin Zhang investigates one of the most ambitious governing projects in history, analyzing the political rationalities of Chinese leaders for decarbonization and the governing techniques and technologies at multiple levels of governance.

This book considers the impact of global climate change, advocating to promote sustainable development from the perspective of low carbon and climate resilience, by reducing carbon emissions in different aspects of urban and regional development. As the world's largest emitter of carbon dioxide, China is continuously exploring a sustainable path to achieve the momentous goal of 2060 carbon neutrality. In addition, this book reviews and summarizes China's green development and predicts the transformation of China's carbon emission and energy structure before and after the peak of carbon emission in 2030. It examines the role of governance in decarbonization efforts, focusing on decision making processes, policies and regulations, as well as the significance of regions, cities, and communities. This book highlights typical methods of implementing and achieving low carbon development in light of China's practical situation, which helps to resolve some of the problems that may arise in achieving the carbon neutral goal. Therefore, this book is suitable for the reference of scholars in low-carbon environment science, sustainable urban development, and other related fields. It also provides inspiration for China's medium and long-term sustainable development plans in the future.

The book provides readers with essential insights into key issues in connection with planning, developing and financing sustainable energy projects in China that are relevant for practitioners, investors and developers involved in the emerging sustainable energy sector. It offers readers a deeper understanding of these contemporary issues by drawing on the lessons learned in real-world sustainable energy and green finance development activities in China, which are driven by central planning and policy implementation and complemented by investments and finances from public-private partnerships.

China faces many modernization challenges, but perhaps none is more pressing than that posed by climate change. China must find a new economic growth model that is simultaneously environmentally sustainable, can free it from its dependency on fossil fuels, and lift living standards for the majority of its population. But what does such a model look like? And how can China best make the transition from its present macro-economic structure to a low-carbon future? This ground-breaking economic study, led by the Stockholm Environment Institute and the Chinese Economists 50 Forum, brings together leading international thinkers in economics, climate change, and development, to tackle some of the most challenging issues relating to China's low-carbon development. This study maps out a deep carbon reduction scenario and analyzes economic policies that shift carbon use, and shows how China can take strong and decisive action to make deep reductions in carbon emission over the next forty years while maintaining high economic growth and minimizing adverse effects of a low-carbon transition. Moreover, these reductions can be achieved within the finite global carbon budget for greenhouse gas emissions, as determined by the hard constraints of climate science. The authors make the compelling case that a transition to a low-carbon economy is an essential part of China's development and modernization. Such a transformation would also present opportunities for China to improve its energy security and move its economy higher up the international value chain. They argue that even in these difficult economic times, climate change action may present more opportunities than costs. Such a transformation, for China and the rest of the world, will not be easy. But it is possible, necessary and worthwhile to pursue.

Using panel data of cities in the People's Republic of China from 2011 to 2019, this paper analyzes the impact of digital finance on low-carbon transition derived from a super-efficiency slacks-based measure data envelopment analysis. We find that digital finance promotes low-carbon transition, and this finding is robust with respect to the choice of sample, potential presence of measurement issue, choice of study period, presence of other policies, and potential endogeneity, among others. This impact, at least in part, is through increased green innovations. We also find evidence for impact heterogeneity across locations and by the level of low-carbon transition. This paper provides policy implications for the low-carbon transition of the region from a digital finance perspective.

This book examines the sustainability transition theory in the context of urbanization in China, tracing the development of eco and low-carbon cities. It examines how ideas on building eco-cities and low-carbon cities travel from nation to nation, how they are adopted in the Chinese administrative context and what role inter-scalar actors play in getting the ideas transferred, translated and operationalized on the ground. Offering an overarching theoretical framework that incorporates all urban sustainability experiments in China, the book conducts a comprehensive analysis of the master plans of these new towns and summarizes the normative transition targets of sustainable urban experiments. It explores how they differ from each other and how they influence transition dynamics in practice. By examining four eco and low-carbon new towns deemed representative of current major approaches to sustainability transition management in China, the book provides a detailed depiction of generic transition management and explains the different transitional trajectories for each type of sustainable urban experiment. It demonstrates how subnational-level and city-level transitions mediate the national transition. Through a thorough inquiry into inter-scalar dynamics, institutional arrangements and techno-social innovations in sustainable urban experiments, the book links generalized transition rules and specific contexts to present a full view of the challenges, failures and territorial problems of eco and low-carbon new towns. This book makes a novel contribution to the study of Chinese urbanization by revisiting issues and problems of contemporary urban China. The reflection on these urban issues will provide implications to policymakers, professionals and the common reader interested in the future sustainable urbanism in China.

This pioneering book provides a comprehensive, rigorous and in-depth analysis of China's energy and environmental policy for the transition towards a low-carbon economy. This unique book focuses on concrete, constructive and realistic solutions to China's unprecedented environmental pollution and rising greenhouse gas emissions from burning fossil fuels and energy security as a result of steeply rising oil imports. It provides an up-to-date factual analysis of China's efforts and commitments to improve energy efficiency, to cut pollutants and to increase the use of renewable energy to create a low-carbon economy. The author explores many of the policies and measures that China has put in place to save energy and reduce emissions, as well as examines new policies and measures in order for China to be successful. Energy and Environmental Policy in China will prove to be of great value to practitioners and policymakers, as well as to academies and students in the areas of economics, environmental studies, Asian studies, regional and urban studies, law, political science and sociology.

This book integrates the theory and practice of carbon trading at home and abroad, focusing on major theoretical and practical issues of establishing an emissions trading scheme (ETS) in China during its transition to a low-carbon economy. First, a theoretical analysis of the relationship between the transformation of the low-carbon economy and ETS is presented. Second, policy design, institutional evolution, market operation and practical effects of the major global ETSs are systematically compared. Third, the theoretical basis, key points, modelling methods, computational simulation, policy options and operational steps for key institutional and designing of policy elements in China's ETS are analyzed individually. Finally, policy recommendations for the top-level design of China's ETS are proposed.

The book provides an in depth analyses of the experience and lessons in Chinese energy and emissions reductions policies in a climate change constrained scenario. As China emerges as the world second largest economy and first largest carbon emitter, the country is moving onto a low-carbon development path. Projections of medium and long term energy supply and demand scenarios are presented, based on variations on the energy supply structure, key energy consumption sectors and energy conservation policy innovation. Energy efficiency policies are evaluated based on lessons and experiences from case studies in different sectors, and policy innovations in terms of financial, legal and regulatory approaches to improve energy efficiency and reduce carbon emissions are proposed. The book includes the latest research findings of leading experts in energy policy and low-carbon economy from researchers, key think tanks and government officials in both China and the world.