We document that publicly listed Chinese state-owned enterprises (SOEs) are less productive and profitable than publicly listed firms in which the state has no ownership stake. In particular, Chinese listed SOEs are more capital intensive and have a lower average product of capital than non-SOEs. These productivity differences increased between 2002 and 2009, and remain sizeable in 2019. Using a heterogeneous firm model of resource misallocation, we find that there are large potential productivity gains from reforms which could equalize the marginal products of listed SOEs and listed non-SOEs.

Climate change governance is in a state of enormous flux. New and more dynamic forms of governing are appearing around the international climate regime centred on the United Nations Framework Convention on Climate Change (UNFCCC). They appear to be emerging spontaneously from the bottom up, producing a more dispersed pattern of governing, which Nobel Laureate Elinor Ostrom famously described as 'polycentric'. This book brings together contributions from some of the world's foremost experts to provide the first systematic test of the ability of polycentric thinking to explain and enhance societal attempts to govern climate change. It is ideal for researchers in public policy, international relations, environmental science, environmental management, politics, law and public administration. It will also be useful on advanced courses in climate policy and governance, and for practitioners seeking incisive summaries of developments in particular sub-areas and sectors. This title is also available as Open Access on Cambridge Core.

In the face of growing environmental challenges, including climate change and energy security, countries across the globe are developing new policies and programs to address these challenges, and China is no exception. This book analyses China’s two most significant climate-related energy policies, the Clean Development Mechanism (CDM; including the later Chinese Certified Emission Reduciton – CCER) and the Energy Conservation and Emission Reduction Scheme (ECERS). This work specifically examines the strengths and weaknesses of these policies to highlight the deficiencies and advise how they can be optimised, so China can better achieve its emission reduction goals. It analyses the roles and relationships between relevant actors and identifies how successful their cooperation has been, and what factors have affected it. Importantly, the work draws on a wide range of sources from central ministries to civil society, including interviews with Chinese officials, scholars, energy company managers, environment non-govermental organisation (ENGO) personnel, media reports, and online forum discussions. In doing so, the book not only analyses the thoughts of policymakers, as many works do, but also those implementing the policies and those impacted by the policies. The book concludes by offering detailed and practical solutions to address each specific deficiency in the CDM and ECERS policies, with the aim of providing innovations and alternative approaches to improve current and future policies in China. This book will be of great interest to students, scholars, and policymakers interested in climate change, energy, and Chinese environmental policy and politics.

Greenhouse gas concentrations are rapidly increasing and as a result, fundamental economic transitions are needed to limit global warming. This essential book examines the climate and energy policies of selected jurisdictions in Europe and East Asia that have vowed to become carbon neutral.

Drawing on first hand interview data with experts and government officials, Olivia Gippner develops a new analytical framework to explore the vested interests and policy debates surrounding Chinese climate policy-making.

A volume on the political economy of clean energy transition in developed and developing regions, with a focus on the issues that different countries face as they transition from fossil fuels to lower carbon technologies.

"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

The world is currently undergoing an historic energy transition, driven by increasingly stringent decarbonisation policies and rapid advances in low-carbon technologies. The large-scale shift to low-carbon energy is disrupting the global energy system, impacting whole economies, and changing the political dynamics within and between countries. This open access book, written by leading energy scholars, examines the economic and geopolitical implications of the global energy transition, from both regional and thematic perspectives. The first part of the book addresses the geopolitical implications in the world’s main energy-producing and energy-consuming regions, while the second presents in-depth case studies on selected issues, ranging from the geopolitics of renewable energy, to the mineral foundations of the global energy transformation, to governance issues in connection with the changing global energy order. Given its scope, the book will appeal to researchers in energy, climate change and international relations, as well as to professionals working in the energy industry.

Drawing on practices and theories of environmental justice, 'China's responsibility for climate change' describes China's contribution to global warming and analyzes its policy responses. Contributors critically examine China's practical and ethical responsibilities to climate change from a variety of perspectives. They explore policies that could mitigate China's environmental impact while promoting its own interests and meeting the international community's expectations. The book is accessible to a wide readership, including academics, policy makers and activists. All royalties from sales of this book will be donated to Friends of the Earth.