CFS Online Lecture

The introduction of greenhouse gas emission rights and their allocation through trading schemes (“carbon markets”) is considered an essential policy tool for the achievement of the ambitious net-zero emission goals, to which countries – including Japan – have committed under the Paris Agreement. Japan has so far not established carbon markets on a national scale. Also, its carbon tax introduced in 2012 has remained ineffectively low. The presentation will discuss why carbon pricing has so far not been used within Japan’s climate policy framework. It will also try to asses to what extent the absence of a national emission trading scheme has impacted Japan’s ability to achieve the 2050 net-zero goals.

Moderation: Prof. Dr. Rainer Klump, CFS Director and Goethe University