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

Arimura, Toshi H.; Abe, Tatsuya

doi:10.2139/ssrn.3487245

Cited by 5 publications

(1 citation statement)

References 11 publications

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“…This is for the most part driven by natural gas, which has a mass of observations with zero ECR and low emissions 15. Not every fuel category has observations for each sector in each year.…”

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confidence: 99%

Estimating the CO2 emission and revenue effects of carbon pricing

2022

OECD Economics Department Working Papers

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 ECO/WKP(2022)33Unclassified OECD Working Papers should not be reported as representing the official views of the OECD or of its member countries. The opinions expressed and arguments employed are those of the author(s).Working Papers describe preliminary results or research in progress by the author(s) and are published to stimulate discussion on a broad range of issues on which the OECD works.Comments on Working Papers are welcomed, and may be sent to the Economics Department,

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confidence: 99%

Estimating the CO2 emission and revenue effects of carbon pricing

2022

OECD Economics Department Working Papers

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An Empirical Study of the Tokyo Emissions Trading Scheme: An Ex Post Analysis of Emissions from University Buildings

Abe

Arimura

2020

Economics, Law, and Institutions in Asia Pacific

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The Tokyo Emissions Trading Scheme (ETS) is the first cap -and-trade program of CO2 emissions in Asia, and it is unique in regulating commercial and service sectors. We examine the impacts of the Tokyo ETS on CO2 emissions and energy consumption by universities in the first phase. Focusing on universities allows us to estimate the effects of the Tokyo ETS separately from the economic stagnation Japan experienced after the Great East Japan Earthquake in 2011 because universities are less likely to be affected by economic fluctuations compared to other sectors. In addition to the ETS, other factors may have achieved CO2 emissions reductions in Tokyo in this phase due to the influence of the earthquake. To deal with the shortage of electricity supply after the Fukushima disaster, several measures were undertaken, such as rolling blackouts and power-saving orders, particularly in the Tokyo Electricity Power Company’s jurisdiction. To capture the characteristics for each university at the campus level and their experience with being regulation targets of the policies mentioned above, we conducted a mail survey for universities in Japan and obtained panel data that contain information about both regulated and unregulated universities over 5 years (2009–2013). The difference-in-differences approach reveals that the Tokyo ETS caused regulated universities to reduce their CO2 emissions and energy consumption by approximately 3–5% relative to unregulated universities in the first phase. In addition, we find that the quantitative regulations, such as rolling blackouts and power-saving orders, also had an impact on the universities’ behavior.

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Impact of the Saitama Prefecture Target-Setting Emissions Trading Program on the adoption of low-carbon technology

Hamamoto

2020

Environ Econ Policy Stud

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This paper investigates the impacts of the Target-Setting Emissions Trading (TSET) Program launched by Saitama Prefecture in Japan in 2011 on the adoption of low-carbon technology. Using facility-level data on the manufacturing sector, the causal relationship between implementation of the program and investment in high-efficiency equipment is estimated. The results show that the TSET Program promoted the adoption of high-efficiency machines and devices for the first three years of the second compliance period, whereas the program did not spur investments in high-efficiency equipment during the first compliance period. These results suggest that the manufacturing facilities may have adopted relatively cheaper emissions reduction plans in the first compliance period such as improvements to equipment they already owned, whereas in the second compliance period, when the emissions targets became stricter, they allocated money and resources to introduce high-efficiency equipment. These findings indicate that the TSET Program succeeded in encouraging emissions reduction efforts by facilities in the manufacturing sector covered by the scheme, even though the program lacks penalties for noncompliance.

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

Cited by 5 publications

References 11 publications

Estimating the CO2 emission and revenue effects of carbon pricing

Estimating the CO2 emission and revenue effects of carbon pricing

An Empirical Study of the Tokyo Emissions Trading Scheme: An Ex Post Analysis of Emissions from University Buildings

Impact of the Saitama Prefecture Target-Setting Emissions Trading Program on the adoption of low-carbon technology

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