model for climate policy analyses. It analyzes China's accession to a Post Kyoto emission regime that keeps global emissions …, China will become a net seller of emission permits and steadily reduce emissions, possibly below their 2004 level until 2030 … on Chinese welfare will not significantly change when China joins the Post Kyoto regime. -- Technology diffusion …

their total emissions, and net carbon exports of China amount to 24% of China's total emissions. We also analyze policies … under a global per capita emissions based contraction and convergence regime with emission trading: When China joins the … regime, the developing countries will benefit, while the industrialized countries will be almost unaffected. When China does …