The changes of household welfare in terms of income and consumption have an important and far-reaching impact on the general public's attitudes towards CO_2 emissions reduction policy, which will fundamentally determine whether the policy can be implemented within the context of global climate change. Given the situation, based on the method of social accounting matrix (SAM) equilibrium, this article presents a self-developed inter-province multi-regional dynamic computable general equilibrium(CGE) model, then analyzes and simulates the impacts of different carbon abatement policies on household welfare in terms of income and consumption and regional economic development in China. The results show that remarkable differences in regional GDP growth rate affected by emissions mitigation policies exist in China, and regional economic convergence would be obviously damaged under natural growth scenario. More seriously, however, the gap between China's regional economies is being widened again. In addition, although household income is less affected by the carbon abatement policy of manufacturing process control at the early stage of the simulation, the long-term impact of the policy should not be ignored. Thus, active initiatives are being taken to increase income of the residents, which should be paid more attention to. Furthermore, because the Chinese government has provided some targeted policies such as the Old-Age security policy and the Three-Agriculture policy (namely, agriculture, rural areas and farmers) to increase income of the retired urban residents and rural residents respectively, their welfare in terms of income have suffered less from the impact of CO_2 emissions reduction policy. While income growth for urban labor is lack of the related support policy from the government, so next the key thing we are focused on is priority must be given to provide more income for them. Meanwhile according to the simulation results, considering the adverse impact of CO_2 emissions reduction policy on absolute number of income growth for the household, though the policy is more conducive to reduce the gap between the rural and urban residents' income and between generations, the extent of the reduction is too early to be overly optimistic.