Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

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Entry Point for China’s Climate Policy

Authors
Yunchen Li1, †, Zhongyue Li2, *, †, Jianing Zhou3, †
1Birmingham Business School, The University of Birmingham, Birmingham, B15 2TT, United Kingdom
2Thurgood Marshall College, University of California San Diego, La Jolla, California, 92093, United States
3College of Letters and Science, University of California, Davis, Davis, California, 95616, United States
†

Those authors contributed equally.

*Corresponding author. Email: 2zhl081@ucsd.edu
Corresponding Author
Zhongyue Li
Available Online 15 December 2021.
DOI
10.2991/assehr.k.211209.005How to use a DOI?
Keywords
Carbon pricing; China; Poverty; Redistributing carbon revenues; Climate policy
Abstract

China is the world’s biggest emitter of greenhouse gases and one of the countries confronting global warming problems, such as air pollution and water shortage. Carbon taxing is a fee levied on companies that burn coal, oil or gas to reduce greenhouse gas emissions. The purpose of this study is to figure out the impact of the carbon tax on China. The carbon tax is not completely beneficial to China, and there are still some disadvantages to the carbon tax. Among them, the increase in energy prices is a challenge and a heavy burden for some households in China. This article continues the previous study by using CEEPA to simulate China’s carbon tax to study how a carbon tax can alleviate carbon dioxide and how it affects the development of reducing the gap between urban and rural areas and improving people’s living standards. This article used the SWOT model predicting the strengths, weaknesses, opportunities and threats of the carbon tax in China in aspects of macroeconomics, social welfare and global climate change. The article also discussed the current climate policy related to carbon emissions implemented by the Chinese government. Through a combination of CEEPA and SWOT research, it is known that a carbon tax will not have a positive impact on China. The carbon tax will increase the gap between the rich and the poor in China and cause an increase in commodity prices. Therefore, this article recommends that China abolish the carbon tax to avoid widening the gap between China’s rich and the poor.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
15 December 2021
ISBN
978-94-6239-483-4
ISSN
2352-5428
DOI
10.2991/assehr.k.211209.005How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Yunchen Li
AU  - Zhongyue Li
AU  - Jianing Zhou
PY  - 2021
DA  - 2021/12/15
TI  - Entry Point for China’s Climate Policy
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 25
EP  - 32
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.005
DO  - 10.2991/assehr.k.211209.005
ID  - Li2021
ER  -