Energy consumption in transition: Evidence from facility-level data

Naonari Yajima, Toshi H. Arimura, Taisuke Sadayuki

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

This chapter estimated the impact of the Tokyo emissions trading scheme (ETS) and Saitama ETS on energy consumption in the manufacturing sector using a facility-level panel data set compiled from the Current 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 ETS reduced electricity 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 ETS. The impact of the Saitama 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.

Original languageEnglish
Title of host publicationEconomics, Law, and Institutions in Asia Pacific
PublisherSpringer Japan
Pages129-150
Number of pages22
DOIs
Publication statusPublished - 2021

Publication series

NameEconomics, Law, and Institutions in Asia Pacific
ISSN (Print)2199-8620
ISSN (Electronic)2199-8639

Keywords

  • Emission trading schemes
  • Manufacturing sector
  • Saitama ETS
  • Tokyo ETS

ASJC Scopus subject areas

  • Business and International Management
  • Economics, Econometrics and Finance(all)
  • Law

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