Climate change is a huge challenge to humanity in the 21th century. In view of China's recent pledge to the international community to peak carbon emissions before 2030 and achieve carbon neutrality by 2060, this book examines climate mitigation and adaptation efforts in China through the prism of the steel sector, and it does so from three interrelated perspectives, i.e., policy, technology, and market. The book argues that in developing the country's strategy towards green growth, over the years there has been a positive and interactive relationship between China's international commitments and domestic agenda setting in mitigation and adaptation to the impact of climate change. To illustrate China's efforts, two special areas, i.e., carbon capture, utilization and storage (CCUS) and emissions-trading system (ETS), have received focused examination. Along the spectrum of low-carbon, zero-carbon, and negative-carbon strategies, this study ends with a simulation model which outlines different policy scenarios, challenges, and uncertainties, as China moves further on, trying to achieve carbon neutrality in 2060. The book will be of interest to scholars, policy-makers, and business executives who want to understand China's growing role in the world.

Autorentext

FU Jun, Esq., is Professor of Political Economy at National School of Development, Peking University. He received his Master's degree and Ph.D. from Harvard University and is the first Chinese to have been elected Foreign Academician of Bologna Academy of Sciences in its long history. He is the author of Institutions and Investments (Studies in International Economics, the University of Michigan Press), and The Dao of the Wealth of Nations (Peking University Press). Previously he held faculty positions at School of Economics and Management, School of Public Policy and Management, Tsinghua University, and School of Government, Peking University. He has served, among others, as a Member of the Listing Committee of Shenzhen Stock Exchange, Vice Chair (with Nobel laureate Michael Spence as Chair) of World Economic Forum's Global Agenda Council on New Growth Models, and Advisor to Chairman of the Executive Council of UNESCO. Appointed by its Governing Board, he has served on the Visiting Committee for Area and International Programs at Harvard University. As a global thought leader, he was twice featured in the Davos flagship publication -- Outlook on the Global Agenda.

ZHANG Dongxiao is a Chair Professor at College of Engineering, Peking University. An internationally well-known expert in unconventional oil and gas production, groundwater hydrology, and geological carbon sequestration, he had held positions as Senior Scientist at Los Alamos National Laboratory, Miller Chair Professor at the Department of Petroleum and Geological Engineering at the University of Oklahoma, Chair Professor at the University of Southern California, and Executive Dean of Graduate School and Dean of College of Engineering at Peking University. He has authored 2 books and published over 220 peer-reviewed papers. He earned both his Master's degree and Ph.D. in hydrology and water resources in 1992 and 1993, respectively, from the University of Arizona. He is a Member of the U.S. National Academy of Engineering, an Honorary Member of Society of Petroleum Engineers, and a Fellow of Geological Society of America.

LEI Ming is a Full Professor and Chair of Department of Management Science & Information Systems of the Guanghua School of Management, Peking University. He was an Associate Professor of Donated Chair by KENSAI Power of Japan, Graduate School of Energy Science, Kyoto University, Japan in 1998, and has held numerous honorary and academic positions, including President elect of Asia Pacific DSI, Senior Expert of Chinese National Green GDP Accounting Project, Fellow of International Sustainable Energy Association (ISEA), Fellow of Chinese Environmental Science Society, Fellow of Chinese Operation Research Society, Fellow of Chinese Environmental and Culture Society, Fellow of Chinese National Accounting Society, Fellow of Chinese Energy Society, and Fellow of Chinese Regional Science Association. A Member of the Editorial Broad of Economic Science, he is Dean of the Institute on Poverty Research at Peking University and Honorary Professor of the University of Edinburgh.

Inhalt

Chapter 1: Mitigation & Adaptation - China's Evolving Policy Framework .- Chapter 2: Drawing Strategic Roadmap of Decarbonization for the Steel Sector.- Chapter 3: Carbon Capture, Utilization and Storage: A General Overview.- Chapter 4: What Is It? How Much Does It Cost? Techno-Economic Analysis of CCUS.- Chapter 5: Building Carbon Market in China: Take Stock and Look Ahead.- Chapter 6: Design Options of ETS: How to Incentivize CCUS for the Steel Sector.- Chapter 7: Achieving Carbon Neutrality by 2060: What (More) Has to Be Done?.