Shiyi Chen is Professor of Economics at Fudan University and a visiting scholar at Humbolt University zu Berlin, Germany. He is currently working as a research fellow at China Center for Economic Studies, Fudan Development Institute and Fudan Tyndall Centre, and director of Shanghai-Hong Kong Development Institute. He holds a PhD in Econometrics at Kyungpook National Univerity, Republic of Korea. His research interests are in econometrics, energy/environment/development economics, international finance and public economics. He has published in English journals such as Quantitative Finance, Journal of Forecasting, China Economic Review and top Chinese journals.

‘Shiyi Chen’s book provides a robust economic analysis of the status of China’s low-carbon energy transition. Focusing on China’s industrial sectors, Chen compiles extensive provincial level data on energy and environmental indicators. Chen points to the need to reform the energy pricing system and the environmental taxation system in China to achieve real economic transformation, as well as a need for developing a new indicator to evaluate economic transformation other than traditional GDP metrics. The findings of Chen’s study will be of great value for readers hoping to better understand the drivers of China’s carbon emissions, and for policymakers looking to assess how past economic and environmental targets in China have translated into emission reductions.’ — Joanna Lewis, Associate Professor of Science, Technology and International Affairs, Georgetown University

• 1. Introduction 2. Industrial and Regional Composition of Energy-induced CO2 Emission 3. How to Reduce Industrial CO2 Emission Intensity? 4. Measure of CO2 Shadow Price 5. Energy and Environmental Policies and Factors Driven Industrial Growth 6. Structural Change, Factors Reallocation and Industrial Growth 7. Undesirable Output, Environmental TFP and Industrial Economic Transformation 8. Evaluation on Regional Low-carbon Economic Transformation: Multiple Emissions 9. Energy-saving and Emission-abating Regulations and Win-win Development Simulations 10. Double Dividend Forecasting and Environmental Taxation Reform: Carbon Tax Case 11. Conclusions

Shiyi Chen is Professor of Economics at Fudan University and a visiting scholar at Humbolt University zu Berlin, Germany. He is currently working as a research fellow at China Center for Economic Studies, Fudan Development Institute and Fudan Tyndall Centre, and director of Shanghai-Hong Kong Development Institute. He holds a PhD in Econometrics at Kyungpook National Univerity, Republic of Korea. His research interests are in econometrics, energy/environment/development economics, international finance and public economics. He has published in English journals such as Quantitative Finance, Journal of Forecasting, China Economic Review and top Chinese journals.

‘Shiyi Chen’s book provides a robust economic analysis of the status of China’s low-carbon energy transition. Focusing on China’s industrial sectors, Chen compiles extensive provincial level data on energy and environmental indicators. Chen points to the need to reform the energy pricing system and the environmental taxation system in China to achieve real economic transformation, as well as a need for developing a new indicator to evaluate economic transformation other than traditional GDP metrics. The findings of Chen’s study will be of great value for readers hoping to better understand the drivers of China’s carbon emissions, and for policymakers looking to assess how past economic and environmental targets in China have translated into emission reductions.’ — Joanna Lewis, Associate Professor of Science, Technology and International Affairs, Georgetown University

• 1. Introduction 2. Industrial and Regional Composition of Energy-induced CO2 Emission 3. How to Reduce Industrial CO2 Emission Intensity? 4. Measure of CO2 Shadow Price 5. Energy and Environmental Policies and Factors Driven Industrial Growth 6. Structural Change, Factors Reallocation and Industrial Growth 7. Undesirable Output, Environmental TFP and Industrial Economic Transformation 8. Evaluation on Regional Low-carbon Economic Transformation: Multiple Emissions 9. Energy-saving and Emission-abating Regulations and Win-win Development Simulations 10. Double Dividend Forecasting and Environmental Taxation Reform: Carbon Tax Case 11. Conclusions