The 12th Five-Year Plan (FYP) adopted by the Chinese government in March 2011 devotes considerable attention to energy and climate change and establishes a new set of targets and policies for 2011-2015. While some of the targets are largely in line with the status quo, other aspects of the plan represent more dramatic moves to reduce fossil energy consumption, promote low-carbon energy sources, and restructure China’s economy. Among the goals is to “gradually establish a carbon trade market.” Key targets include:
Climate change is becoming more evident and, as it increases, will alter the productivity of fisheries and the distribution of fish stocks. From an economic point of view, the changes will have impacts on fisheries and coastal communities in different ways. These expected changes require adaptable and flexible fisheries and aquaculture management policies and governance frameworks. However, the forms of future climate change and the extent of its impact remain uncertain. Fisheries policy makers therefore need to develop strategies and decision-making models in order to adapt to climate change under such uncertainty while taking into account social and economic consequences.
Against the background of a projected doubling of world greenhouse gas emissions by mid-century, this book explores feasible ways to abate them at least cost. Through quantitative analysis, it addresses key climate policy issues:
• What would an ideal set of climate policy tools look like?
• How large are the economic and environmental costs of incomplete country or sector coverage of climate change mitigation policies? What are the pros and cons of policy tools to broaden that coverage, such as international sector-wide agreements or border-tax adjustments? What are the main challenges in incorporating a mechanism to reduce emissions from deforestation and forest degradation?
• How can we concretely develop a global carbon market?
• What is the case for, and what can we reasonably expect from, R&D and technology support policies?
This literature review assesses the extent to which developing countries can make the transition towards low or lower patterns of growth. It explores the potential impacts of climate change on economic growth and the investment needs for increasing growth resilience. The paper outlines the challenge of establishing patterns of low carbon growth and discusses the cost of greenhouse gas mitigation. The feasibility of low carbon growth in developing countries is explored, including a review of the evidence, the economic impacts, its limitations and possible next-steps. The literature suggests that significant mitigation levels can be achieved without having a major impact on growth objectives. The paper presents the various aspects of climate resilient growth patterns and how to realise them respectively. Topics covered include a review of the evidence and methods, understanding the political context and the matter of technological deployment.
