Balancing China’s climate damage risk against emission control costs

In this study, we incorporate a three-reservoir climate module into our energy-economy-environmental integrated (3E-integrated) system model, in order to estimate the effect of China’s contribution of unilateral emissions on global warming and to weigh the macro-mitigation cost against the risk of damage, and we also explore the role of adaptation in reducing climate change risk. Our results suggest that China’s unilateral emission-control action plays a relatively limited role in mitigating global warming and is not particularly cost-effective, given that the macro-reduction cost is much larger than the benefit in the corresponding climate damage mitigation. Adaptation plays a large role in curbing China’s climate damages and improving the economics of China’s unilateral emission-control actions, and it is little affected by the introduction and option mitigation strategies. To prevent global warming from exceeding critical thresholds, more international collaborations and cooperative efforts are therefore anxiously needed; as for China, bolstering a low-carbon economy and installing an effective mechanism for improving the adaptation level are two feasible options for controlling climate damage risks, given the great uncertainty on the present situation of international cooperation mitigation.