Energy Consumption in Transition: Evidence from Facility-Level Data

Naonari Yajima (), Toshi Arimura and Taisuke Sadayuki
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Naonari Yajima: Waseda University
Taisuke Sadayuki: Seijo University

Chapter Chapter 8 in Carbon Pricing in Japan, 2021, pp 129-150 from Springer

Abstract: Abstract This chapter estimated the impact of the Tokyo emissions trading schemeTokyo ETS (ETS) and Saitama ETSSaitama ETS on energy consumption in the manufacturing sectorManufacturing sector using a facility-level panel data set compiled from the Current Survey of Energy ConsumptionCurrent Survey of Energy Consumption, a nationwide survey on energy consumption conducted by the Agency for Natural Resources and Energy in Japan. To our knowledge, no study has used this rich data set to perform sophisticated econometric analyses. We found that the Tokyo ETSTokyo ETS reduced electricity consumptionElectricity Consumption by 16%. On the other hand, we did not find evidences of switching from dirty fossil fuel to cleaner fuel associated with the introduction of the Tokyo ETSTokyo ETS. The impact of the Saitama ETSSaitama ETS on energy consumption was not statistically confirmed based on our samples. Additional studies are needed to identify the different impacts of the ETSs between Tokyo and Saitama. We also found that Japan has been experiencing long-term decreasing trends in the number of manufacturing facilities and the volume of fossil fuel consumption, which may reduce Japanese CO2 emissions in the long run.

Keywords: Emission trading schemes; Tokyo ETS; Saitama ETS; Manufacturing sector (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_8

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DOI: 10.1007/978-981-15-6964-7_8

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