Implementation of Dual Carbon Goals and Fiscal Sustainability in the People’s Republic of China
eBook - PDF

Implementation of Dual Carbon Goals and Fiscal Sustainability in the People’s Republic of China

  1. 106 pages
  2. English
  3. PDF
  4. Available on iOS & Android
eBook - PDF

Implementation of Dual Carbon Goals and Fiscal Sustainability in the People’s Republic of China

About this book

As the People's Republic of China (PRC) targets an emissions peak before 2030 and pre-2060 carbon neutrality, this report shows that overhauling its energy, industry, and transport systems can help balance its fiscal sustainability and climate goals. It outlines PRC's "1+N" policy framework designed to improve energy efficiency, lower emissions, and increase non-fossil energy use. Highlighting a green investment funding gap, it explores how PRC can switch away from its expenditure-focussed strategy. It shows how measures including developing carbon markets, introducing carbon taxes, and reducing fossil fuel subsidies, can help cut fiscal pressures and underpin the growth of a low-carbon economy.

Table of contents

  1. Cover
  2. Title
  3. Copyright
  4. Contents
  5. Tables, Figures, and Boxes
  6. Abbreviations
  7. Currency Equivalents
  8. Executive Summary
  9. Introduction
  10. Dual Carbon Goals and Implementation Plans of the People’s Republic of China
  11. Fiscal and Tax Policy Tools Supporting Dual Carbon Goals
  12. The Impacts of Dual Carbon Goals on Fiscal Sustainability
  13. Potential Public Financing Tools to Enhance Fiscal Sustainability
  14. Concluding Remarks
  15. Appendix
  16. References

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