Ecological Modernization in Japan: The Role of Interest Rate Subsidies and Voluntary Pollution Control Agreements

Robert Elliott () and Toshihiro Okubo

Asian Economic Papers, 2016, vol. 15, issue 3, 66-88

Abstract: The need for developed countries to take a lead in the global fight against climate change is generally acknowledged and was intrinsic to the 2015 Paris climate change agreement. An understanding of the way in which environmental policy in advanced nations has developed and which policies have had a significant impact on the reduction in the emissions of various pollutants may yield important policy prescriptions relevant to the current climate change negotiations. In this paper we consider how Japan's little-known environmental interest rate policy and voluntary pollution control agreements contributed to Japan's ecological modernization and how these policies compare with the more traditional regulatory approach. Our results show that Japan's use of an environmental interest rate policy was an effective policy as a complement to the more traditional regulatory approach.

Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.mitpressjournals.org/doi/pdf/10.1162/ASEP_a_00452 link to full text pdf (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Ecological Modernisation in Japan: The Role of Interest Rate Subsidies and Voluntary Pollution Control Agreements (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tpr:asiaec:v:15:y:2016:i:3:p:66-88

Ordering information: This journal article can be ordered from
https://mitpressjour ... rnal/?issn=1535-3516

Access Statistics for this article

Asian Economic Papers is currently edited by Wing Thye Woo, Sungbae An, Fukunari Kimura and Ming Lu

More articles in Asian Economic Papers from MIT Press
Bibliographic data for series maintained by The MIT Press ().