2030. If China’s annual economic growth rate is 0.5 percentage points higher (lower), the climate policy‐induced welfare …’s reduction effort creates at best a small benefit for China, yet with smaller sectoral output reductions than auctioning. These …

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 …