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

In: Carbon Pricing in Japan

Author

Listed:
  • Mitsutsugu Hamamoto

    (Dokkyo University)

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.

Suggested Citation

  • Mitsutsugu Hamamoto, 2021. "Target-Setting Emissions Trading Program in Saitama Prefecture: Impact on CO2 Emissions in the First Compliance Period," Economics, Law, and Institutions in Asia Pacific, in: Toshi H. Arimura & Shigeru Matsumoto (ed.), Carbon Pricing in Japan, chapter 0, pages 117-127, Springer.
  • Handle: RePEc:spr:eclchp:978-981-15-6964-7_7
    DOI: 10.1007/978-981-15-6964-7_7
    as

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