The Evaluation of “Comprehensive Management Under the Act on the Rational Use of Energy” as a Measure to Combat Climate Change for the Hotel Industry

Tokyo ETS is the first emissions trading scheme to control GHG emissions from office buildings. Although the Tokyo government claimed that Tokyo ETS had been successful, some argued that the emission reduction under Tokyo ETS was actually the result of electricity price increases triggered by the Great East Japan Earthquake in 2011. Using a facility-level data set for Japanese office buildings, we conducted an econometric analysis to examine the impact of Tokyo ETS. We found that half of the emission reduction is a result of the ETS, while the rest of the reduction is due to the electricity price increase. Another unique feature of Tokyo ETS is that an accurate permit price is not publicly available due to its design. Using our estimated model, we found that the price is approximately $50 per ton of CO 2 in the early phase.

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“…This is a typical threshold used in energy regulation in Japan. SeeArimura and Iwata (2015) for details.…”

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confidence: 99%

The impact of the Tokyo emissions trading scheme on office buildings: what factor contributed to the emission reduction?

Arimura

Abe

2020

Environ Econ Policy Stud

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“…Japan adopted its "Comprehensive Management under the Act on the Rational Use of Energy (hereafter in short, the Energy Conservation Act)" in 1979, right after the second oil crisis, in order to make its energy use more efficient. Aimura and Iwata explain that the Energy Conservation Act has been amended many times and it has evolved to address climate change [39]. According to the Agency for Natural Resources and Energy (ANRE) under METI, Japan's energy efficiency level is one of the highest in the world; Japan's score in 2013 was 1.0, which means it was much more efficient than the US (1.6), South Korea (2.3), China (6.2), and Russia (7.8) [40].…”

Section: Japanmentioning

confidence: 99%

A Comparative Study of Power Mixes for Green Growth: How South Korea and Japan See Nuclear Energy Differently

Lim

2021

Energies

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South Korea and Japan are two large contributors to global greenhouse gas emissions. In October 2020, President Moon Jae-in and Prime Minister Suga Yoshihide declared that their countries would aim for carbon neutrality by 2050. The Moon administration presented the Korean version of the New Deal that includes its Green New Deal, whereas the Suga administration completed its strategy aiming for green growth. Both countries emphasize the importance of energy transition through the expansion of green energy in power generation. However, they show some significant differences in dealing with nuclear energy. The purpose of this article is to compare the two countries’ energy policies and analyze the rationales and political dynamics behind their different approaches to nuclear energy. The study reveals that the contrast between the two political systems has resulted in differences between their policies. This study depends on comparative methods that use primary sources, such as governmental documents and reports by local news media.

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“…This is a typical threshold used in energy regulation in Japan. SeeArimura and Iwata (2015) for details.…”

mentioning

confidence: 99%

The Impact of the Tokyo Emissions Trading Scheme on Office Buildings: What Factor Contributed to the Emission Reduction?

Arimura

Abe

2019

SSRN Journal

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The Tokyo ETS is the first emission trading scheme to control GHG emissions from office buildings. Although the Tokyo government claimed that Tokyo ETS had been successful, some argued that the emission reduction under Tokyo ETS was actually the result of electric power price increases triggered by the Great East Japan Earthquake in 2011.Using a facility-level data set for Japanese office buildings, we conducted an econometric analysis to examine the impact of Tokyo ETS. We found that half of the emission reduction is a result of the ETS, while the rest of the reduction is due to the electricity power price increase. Another unique feature of Tokyo ETS is that an accurate permit price is not publicly available due to its design. Using our estimated model, we found that the price is approximately $50 per ton of CO2 in the early phase.

show abstract

The Evaluation of “Comprehensive Management Under the Act on the Rational Use of Energy” as a Measure to Combat Climate Change for the Hotel Industry

Cited by 5 publications

References 2 publications

The impact of the Tokyo emissions trading scheme on office buildings: what factor contributed to the emission reduction?

The impact of the Tokyo emissions trading scheme on office buildings: what factor contributed to the emission reduction?

A Comparative Study of Power Mixes for Green Growth: How South Korea and Japan See Nuclear Energy Differently

The Impact of the Tokyo Emissions Trading Scheme on Office Buildings: What Factor Contributed to the Emission Reduction?

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