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 …

investment drop-off, in particular competitive pressures from the People's Republic of China and heightened risk and uncertainty …