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Langrun Policy Talk on China’s Dual-Carbon Goals

Nov 10-2023   



‘Report on China’s Dual-Carbon Goals’ is a major research project launched by the NSD and participated by Chinese and overseas scholars. Supported by the Energy Foundation, the project is carried out on the platform of PKU Environment and Energy Economics Institute. To help the public, companies, and relevant departments and agencies to more scientifically understand the background and path of China’s dual-carbon undertakings, Langrun Policy Talk, a signature seminar of the NSD, has launched a ten-session online series on the report, the first one being held on November 3.

 

Mr. Zou Ji, CEO and China President of the Energy Foundation, congratulated the research team led by Prof. Xu Jintao on the completion of the project after two years’ endeavors. The substantial research results will serve China’s dual-carbon journey well, he said. He believed the NSD will continue to play a leading role in the field, and expected to push forward the close collaborations between his agency and the NSD.

 

Prof. Yao Yang, Dean of the NSD and BiMBA, said the research project taps the NSD’s research advantages in economics and is in line with its mission of examining major challenges faced by the Chinese economy. In continuation of NSD tradition, sharing the research results through a series of seminars will benefit more people, he said.

 

Prof. Xu Jintao said that the research team comprises nearly half of NSD faculty in the field as well as renowned economists with Tsinghua University, Ren Min University, the Chinese Academy of Sciences, China International Capital Corporation, Stanford University, and the World Bank. The research results are slated to be published in Chinese and English.

 

Prof. Wang Min of the NSD and PKU Environment and Energy Economics Institute delivered the first talk of the series with a focus on the history of and outlook for China’s carbon emissions. After presenting highlights of the effects of global warming, he zoomed in on China’s endeavors in climate governance since 2009. He said that a more scientific and rational arrangement can be made to reduce carbon emissions, and it is unnecessary to limit energy demand to achieve the dual-carbon goals. Solving carbon emissions hinges on climate challenges, which are entwined with external factors and market dysfunction, he said. The best strategy globally should follow the principle of marginal costs; on the policy-level, two effective methods are policies in the form of administrative orders and market pricing.

 

‘Report on China’s Dual Carbon Goals’ consists of four sections divided into 13 chapters. The first part analyzes the effects of climate change and climate actions on China’s macroeconomy. The second one dissects the influence of China’s climate actions on some crucial industries and industrial policies. The third section sets off from economic perspectives and delve into the policy and institutional reforms indispensable for achieving the dual-carbon goals. The last part summarizes the research findings.

Langrun Policy Talk on China’s Dual-Carbon Goals

Nov 10-2023   



‘Report on China’s Dual-Carbon Goals’ is a major research project launched by the NSD and participated by Chinese and overseas scholars. Supported by the Energy Foundation, the project is carried out on the platform of PKU Environment and Energy Economics Institute. To help the public, companies, and relevant departments and agencies to more scientifically understand the background and path of China’s dual-carbon undertakings, Langrun Policy Talk, a signature seminar of the NSD, has launched a ten-session online series on the report, the first one being held on November 3.

 

Mr. Zou Ji, CEO and China President of the Energy Foundation, congratulated the research team led by Prof. Xu Jintao on the completion of the project after two years’ endeavors. The substantial research results will serve China’s dual-carbon journey well, he said. He believed the NSD will continue to play a leading role in the field, and expected to push forward the close collaborations between his agency and the NSD.

 

Prof. Yao Yang, Dean of the NSD and BiMBA, said the research project taps the NSD’s research advantages in economics and is in line with its mission of examining major challenges faced by the Chinese economy. In continuation of NSD tradition, sharing the research results through a series of seminars will benefit more people, he said.

 

Prof. Xu Jintao said that the research team comprises nearly half of NSD faculty in the field as well as renowned economists with Tsinghua University, Ren Min University, the Chinese Academy of Sciences, China International Capital Corporation, Stanford University, and the World Bank. The research results are slated to be published in Chinese and English.

 

Prof. Wang Min of the NSD and PKU Environment and Energy Economics Institute delivered the first talk of the series with a focus on the history of and outlook for China’s carbon emissions. After presenting highlights of the effects of global warming, he zoomed in on China’s endeavors in climate governance since 2009. He said that a more scientific and rational arrangement can be made to reduce carbon emissions, and it is unnecessary to limit energy demand to achieve the dual-carbon goals. Solving carbon emissions hinges on climate challenges, which are entwined with external factors and market dysfunction, he said. The best strategy globally should follow the principle of marginal costs; on the policy-level, two effective methods are policies in the form of administrative orders and market pricing.

 

‘Report on China’s Dual Carbon Goals’ consists of four sections divided into 13 chapters. The first part analyzes the effects of climate change and climate actions on China’s macroeconomy. The second one dissects the influence of China’s climate actions on some crucial industries and industrial policies. The third section sets off from economic perspectives and delve into the policy and institutional reforms indispensable for achieving the dual-carbon goals. The last part summarizes the research findings.