The Challenges and Strategic Analysis of Environmental Governance in China——Based on Endogenous Mechanism of Environmental Investment

Abstract

Abstract:

As one of the largest developing countries in the world and one of the largest polluters in the world, China is facing urgently needed economic development and challenging environmental governance. Based on the establishment of China's Economy-Energy-Environment Integrated Assessment Model (IAM), this paper studies the optimal pathway and controlling effect on environmental pollutants of environmental investment in China under the objective of the maximization of social welfare. The results show that:firstly, the growth rate of these environmental pollutant emissions will be relatively slow when the economy is developed to some extent although the emissions of environmental pollutants increase with the economic development of China at the early stage; secondly, under the environmental constraints target in China, the investment in optimal environmental protection is accounting for an increasing percentage of GDP; and finally, the emissions of the sulfur dioxide, nitrogen oxide and smoke dust can be effectively controlled with the increase of investment in environmental protection and climate actions. Besides, based on these conclusions, this paper offers three policy recommendations with reference value.

Key words: environmental investment, environmental protection industry, environmental pollutants, emission reduction strategy, Integrated Assessment Model

Yu Honghui. The Challenges and Strategic Analysis of Environmental Governance in China——Based on Endogenous Mechanism of Environmental Investment[J]. , 2019, 31(1): 39-47.

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