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This paper matched the data for all non-financial listed firms in China from 1990 to 2017 with weather data and used temperature and precipitation to represent climate change. Using daily temperature and daily precipitation data, we constructed temperature bins and precipitation bins. This study presents a potential first empirical analysis that applies the risk perception theory to comprehensively examine the impacts of daily temperature and daily precipitation on firms' debt financing costs. Compared to a day with a suitable temperature, a day with temperatures above 30 °C increases firms' debt financing costs by 0.2411%. Compared to a sunny day, a day with torrential rain increases firms' financing costs by 0.2697%. Approximately $122.13 million and $20.49 million in extra costs were incurred across all firms in 2017. We conducted a series of heterogeneity tests. We found that the negative impacts of climate change on debt financing costs are greater for firms that investor considers more vulnerable. Finally, we found two possible mechanisms. First, from the firm's subjective initiative perspective, firms that respond proactively during seasons of high temperatures and heavy rains can reduce the negative impacts. Second, adverse weather caused by climate change may also increase firms' debt financing costs by blocking travel. These results enrich the literature on firms' debt financing costs and contribute to the understanding of climate change's impact on firms. [Display omitted] • An extra high-temperature day increases firms' debt financing cost by 0.2411%. • An extra heavy-rain day increases firms' debt financing costs by 0.2697%. • The negative impacts will be greater for those firms that investor considers more vulnerable. • Firms' response proactively can reduce the negative impacts. • Climate change also may increase firms' debt financing costs by blocking travel. [ABSTRACT FROM AUTHOR]

Abstract: The unprecedented resources and energy needed to support the high growth of urbanization with the emerging issues of environmental degradation and GHG emissions is increasingly dramatic in China. A series of national and local policies have been implemented for achieving the co-benefits of reducing emissions of greenhouse gas (GHG) and air pollution for China's sustainable development. In this paper, the achievement of climate change mitigation and air pollution reduction in different sectors through implementing policies is reviewed. This paper reports on the types of policy measures that have been introduced in two cases (i.e. Tiexi District of Shenyang and Baoshan District of Shanghai) to affect air quality and energy efficiency improvements, which are then collectively examined in terms of their impacts on GHG and air pollutant emissions. Recommendations are made for achieving co-benefits effectively through the integrated approach by comprehensively concentrating on the short and long-term environmental protection and energy conservation at local and national levels based on the analysis made in the paper. The limited coordination and lack of capacity in different government bodies may be the main barriers to the implementation of a co-benefits approach. Enhancing the cooperation and capacity building could overcome these obstacles. [Copyright &y& Elsevier]

Despite rapid economic development, the transport industry has been claimed to account for a major part of climate change. This paper investigates total factor carbon-sensitive productivity growth in the regional transport sector in China and decomposes its dynamic changes over time taking account of the regional heterogeneity of different provinces. Thus, the contemporaneous metafrontier Malmquist-Luenberger approach that combined with non-radial directional distance functions is proposed and define a new indicator called the contemporaneous metafrontier Malmquist-Luenberger carbon emission performance index (CMML). This total factor indicator includes the metafrontier efficiency-change index (MEC), the metafrontier technology-change index (MTC), and the metafrontier technology-gap-change index (TGC). Results show an about 4% increase in overall total factor carbon emission productivity during the period of 2000–2012. Different growth patterns are also observed in the transport sector across different area of China. In the eastern region, the growth of carbon productivity is driven mainly by pure efficiency changes, whereas the central region is driven mainly by innovations in the low-carbon transport technology. [ABSTRACT FROM AUTHOR]

The agricultural sector is extremely vulnerable to climate change and also plays a very important role in the operation of the entire economic system, leading many studies to evaluate the possible agricultural direct economic damage (ADED) of climate change. However, this damage may have an amplification impact through the intricate industrial linkages that exist among sectors, and this impact may be even greater than the original damage. Therefore, to elucidate the economic cascading effect (ECE) in China caused by ADED and industrial linkage, this paper used the ARIO model to evaluate the total ECE and analyse the differences in the 19 sectors by taking the ADED under future annual mean temperature (AMT) increases of 1–5 °C as the input condition and adjusting the exogenous parameters to enhance the adaptability of the model; the goal was to assess the economic impact of climate change in China. The results show that (i) there is a significant amplifying impact of ECE due to industrial linkage under the influence of warming, ECE will be 4.24–5.25 times that of ADED, and the total economic impact (ADED + ECE) will exceed the GDP of the Chinese capital of Beijing in 2012 when the AMT increases by 1.5 °C, while it will exceed one tenth of China's GDP when it increases by 4 °C. (ii) Manufacturing will be the sector most affected by the industrial linkage under ADED, which accounts for 26.58% of total ECE, followed by agriculture (10.39%) and construction (8.5%). (iii) The decrease in cultivated land area will have a significant impact on the economy; when it is reduced to the minimum demand (1.41% less than 2012), ADED increases by 1.65 times and ECE increases by 2.35 times. This paper aims to provide a new perspective from which to evaluate the economic impact of climate change by studying ECEs behind sectoral interactions. [ABSTRACT FROM AUTHOR]

New developments in consumption-based emissions accounting suggest that the reductions claimed by wealthy, environmentally progressive nations have often come at the expense of increased emissions elsewhere – and thus net growth in global GHG concentrations. This paper traces Sweden's attempts to translate growing recognition of displaced emissions into national environmental policy. Drawing on multi-sited ethnographic research and policy analysis in Sweden and China, we argue that while the logical implications of consumption-based analyses point to the need to address production and consumption as an integrated system, complex governance challenges and the political precariousness of these ideas have thus far limited policy to the reinvention of consumer awareness campaigns and an international extension of long-standing ecological efficiency efforts. We argue that consumption-based emissions indicators justify more ambitious demand-side policy response. [ABSTRACT FROM AUTHOR]

The 2015 Paris climate change negotiations represents the most ambitious worldwide effort to date to combat climate change. As the largest energy consumer and carbon emitter, China pledges 60–65% cut in carbon intensity below 2005 levels by 2030. To accelerate China's climate efforts, China has also committed to cap its primary energy use at 4.8 billion tons of coal equivalent in 2020. This paper proposes an equitable and efficient scheme to disaggregate this national goal among provinces. A three-step disaggregation procedure is proposed which takes into account the initial allocation, national redistribution and inter-provincial adjustment. First, this study allocates the incremental energy quota, taking 2010 as the base year. Second, part of the energy quota is set aside by the central government for redistribution purposes, while an incremental energy quota index comprising equity and efficiency criteria is used for initial allocation among provinces. Finally, historical efforts and inter-provincial energy flows are considered for inter-provincial adjustment. This disaggregation scheme is flexible and can be easily extended to allocation and management of other resource and environmental targets. The empirical findings can assist decision-makers in identifying which provinces are likely to over-consume the energy quota relative to the proposed allocation and which provinces are likely to perform better in energy conservation. Moreover, the results show that the energy cap set for 2020 is unachievable without further action. Market-based instruments, such as an energy allowance trading market, are strongly recommended to achieve the energy use target in an equitable and cost-effective manner. [ABSTRACT FROM AUTHOR]

This article is concerned with a comprehensive analysis of building energy efficiency policies in light of improvements in energy performance, living standards and climate change mitigation in China's built environment. In recent years, China has added about 1.7 billion square meters of new floor space in both urban and rural areas on an annual basis. In 2010, the total area of existing buildings in China was approximately 48.6 billion square meters, nearly twice the total of existing buildings areas in the European Union. How to improve energy efficiency in the soaring number of new buildings and accelerate the retrofit of the huge number of existing buildings are two daunting challenges currently facing China in terms of energy security and climate change mitigation at a global level. China has gradually altered the building energy efficiency policy portfolio, from a purely regulatory approach with a mandatory building code at the initial stage to voluntary green buildings initiatives. This paper is structured as a critical assessment of building energy efficiency policies for new and existing buildings. Both strengths and weaknesses of the implemented energy efficiency policies are detailed in each of the studied areas. It also discusses the dilemma of public games in green and sustainable buildings production in the context of Chinese economic development and societal transition. The analysis emphasises the importance of guaranteeing the consistency between policies in the current regulatory framework to maximise the effectiveness of energy efficiency policies in the built environment in China. For this, it is necessary to articulate building energy efficiency policies implementation and broader energy and climate policies. This integrative study provides both a retrospective assessment and prospective direction of building energy efficiency policy development in China. [ABSTRACT FROM AUTHOR]

Universities, the important locations for scientific research and education, have the responsibility to lead ecological civilization and low carbon transition. Ecological footprint evaluation (EFE) is usually used to measure sustainability of campuses. Although it can provide guidance and reference for overall campus planning, it lacks effective significance for individual behavior, especially when the reduction of carbon emissions is the aim. On the other hand a possible solution can be represented by machine learning. It can identify the key factors that will influence individual's overall carbon emissions caused by students' daily behavior, it can be used to find effective ways to reduce individual carbon emissions. This paper applied EFE and machine learning to comprehensively evaluate campus sustainability and students' carbon emissions. Huazhong University of Science and Technology (HUST), a "University in the Forest", was used as a study case in China. Even if HUST is endowned with a forest coverage of 72%, here we showed that its Ecological Footprint Index was −12.52, indicating strong unsustainability. This is mainly due to the high energy and food consumption, caused by the large population living in the campus and the lacking of energy saving measures. The per capita ecological footprint was relatively high, compared with other universities in the world, which meant more efforts needed to be done on ecological sustainability. Low carbon emission is a key feature for a sustainable campus. Based on the questionnaire survey delivered to 486 students who live in the campus, their daily active data were collected in terms of students' personal clothing, food, housing, consumption and transportation. And their associated carbon emissions were calculated based on emission intensities of Chinese population. Based on 486 detailed datasets, machine learning was then used to identify the key daily behavior to influence students' total carbon emission. Results showed that making behavior changes in air conditioning, food and electric bicycle were the most effective ways to reduce carbon emissions. Finally, while effective suggestions were proposed based on qualitative and quantitative evaluations, it is concluded that it is imperative for universities in China to formulate effective low-carbon policies, to achieve sustainable development and to confront global climate change. • A review of main initiatives of sustainable campus construction worldwide. • An evaluation combining campus ecological footprint and individual carbon footprint. • The ecological footprint of "China Forest University" reflects unsustainable. • Machine learning identifies internal driving force of campus carbon emissions. • Targeted guidelines on campus low-carbon construction are provided. [ABSTRACT FROM AUTHOR]

Biomass power is one of the most important renewable energy sources in China. In order to provide a reference for China's biomass power planning, this paper builds a power sector-planning model using the Long-range Energy Alternatives Planning System (LEAP). The results show that in the base scenario, the installed capacity of agricultural and forestry residues, municipal solid waste and biogas will increase to 22350 MW, 21150 MW, and 4900 MW, respectively by 2030. From the point of view of total volume, biomass supply is not a constraining factor for biomass power source. However, there are some social and economic factors that impede the development of the biomass power industry, some of which may not be addressed in the short term. Therefore, the development of the biomass power industry in China is a long-term process. Some policy suggestions were proposed, including reasonable planning and more subsidies for biomass supply value chain. • An optimal power-planning model focused on bio-energy in China was developed. • Agricultural and forestry power, waste power and biogas power were all analyzed. • Social and economic factors that impede biomass power were investigated. [ABSTRACT FROM AUTHOR]