TY - BOOK ID - 133765618 TI - A Comprehensive Package of Macroeconomic Policy Measures for Implementing China’s Climate Mitigation Strategy AU - Chateau, Jean. AU - Chen, Wenjie. AU - Jaumotte, Florence. AU - Zhunussova, Karlygash. PY - 2022 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Macroeconomics KW - Economics: General KW - Environmental Conservation and Protection KW - Environmental Economics KW - Natural Resources KW - Environmental Policy KW - Economywide Country Studies: Asia including Middle East KW - Climate KW - Natural Disasters and Their Management KW - Global Warming KW - Industrialization KW - Manufacturing and Service Industries KW - Choice of Technology KW - Computable and Other Applied General Equilibrium Models KW - Nonrenewable Resources and Conservation: General KW - Environmental Economics: Government Policy KW - Macroeconomics: Consumption KW - Saving KW - Wealth KW - Economic & financial crises & disasters KW - Economics of specific sectors KW - Climate change KW - Environmental economics KW - Environmental management KW - Environmental policy & protocols KW - Greenhouse gas emissions KW - Environment KW - Non-renewable resources KW - Climate policy KW - Consumption KW - National accounts KW - Currency crises KW - Informal sector KW - Economics KW - Greenhouse gases KW - Emissions trading KW - Natural resources KW - Environmental policy KW - China, People's Republic of UR - https://www.unicat.be/uniCat?func=search&query=sysid:133765618 AB - This paper presents ways for China to achieve its climate goals while also attain high-quality growth—growth that is balanced, inclusive, and green. Using a dynamic computable general equilibrium model that is calibrated to China, multiple scenarios are considered that incorporate a sequence of layered policies: (i) frontloading mitigation with an earlier emissions peak, (ii) power market reforms, and (iii) economic rebalancing. The results highlight that these policies can significantly contribute to the success of the climate strategy overall, including by lowering the shadow price of carbon as well as the associated mitigation costs. Distribution analysis offers proposals to lessen the impact on vulnerable households. ER -