Target-Setting Emissions Trading Program in Saitama Prefecture: Impact on CO2 Emissions in the First Compliance Period

Mitsutsugu Hamamoto ()
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Mitsutsugu Hamamoto: Dokkyo University

Chapter Chapter 7 in Carbon Pricing in Japan, 2021, pp 117-127 from Springer

Abstract: Abstract This chapter investigates whether the Target-Setting Emissions Trading (TSET) Program launched in 2011 by Saitama Prefecture in Japan had an impact on CO2 emissions during the first compliance period. Facility-level data are used to estimate the causal relationship between implementation of the program and changes in CO2 emissions. The results indicate that the TSET Program spurred emission reduction efforts. In addition, this chapter shows that the TSET Program also functioned as an incentive for facilities that are not covered by the program to lower their energy consumption. These findings indicate that the TSET Program succeeded in encouraging emission reduction efforts by the facilities, even though the program includes no penalty for facilities that do not meet emission goals.

Keywords: Emissions trading; Climate policy; Treatment effect estimation (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eclchp:978-981-15-6964-7_7

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DOI: 10.1007/978-981-15-6964-7_7

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