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Economic Instruments of Pollution Control in an Imperfect World
Theory and Implications for Carbon Dioxide Emissions Control in China
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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What Reviewers Are Saying
'This important book by Dr Tingsong Jiang presents a framework for analysing the policies needed to tackle China's myriad of local as well as global environmental problems. It is a rigorous and innovative volume covering theoretical and empirical issues as well as focusing the results of the research directly into current debates on environmental policy in China.' -- From the preface by Warwick McKibbin