Abstract
In order to analyse the impact of reducing emission, we use the GTAP-E model to carry out the assessment. When using the dynamic GTAP-E model, we need to construct a baseline. In other words, we need to describe what path will be taken by the world’s economy if there was no policy impact.
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Notes
- 1.
This is quite close to the IEA study Energy Technology Perspectives 2008, completed by the International Energy Agency (IEA), which warned that if policy change and major supply constraints are eliminated, then by 2050 global oil needs will increase by 70%, and CO2 emission by 130%.
- 2.
This is the threshold for preventing the dangers of climate change.
- 3.
In the dynamic GTAP model, from a long-range perspective, assuming that the labour force and total territory of a country (region) are fixed whereas the capital stock can change, and therefore the change in long-range economic growth is caused entirely by changes in capital stocks.
- 4.
In the 2004 carbon baseline database, the emissions from the coal industry was 1.8 million tons, 7.7 million tons from the oil industry, 2.8 million tons from the natural gas industry, only 0.001 million tons of carbon dioxide equivalent was from finished petroleum products, which is less than 1 percent of the three energy-related products.
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Yu, L. (2018). The Implications of Reducing Greenhouse Gas Emissions. In: Zhang, Q. (eds) Transforming Economic Growth and China’s Industrial Upgrading. Research Series on the Chinese Dream and China’s Development Path. Springer, Singapore. https://doi.org/10.1007/978-981-13-0962-5_4
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DOI: https://doi.org/10.1007/978-981-13-0962-5_4
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