Carbon Pricing Policy: Paths to Carbon Neutrality

• Project/Area Number: 24K16360
• Research Category: Grant-in-Aid for Early-Career Scientists
• Allocation Type: Multi-year Fund
• Review Section: Basic Section 07040:Economic policy-related
• Research Institution: National Graduate Institute for Policy Studies
• Principal Investigator: 山崎 晃生 政策研究大学院大学, 政策研究科, 准教授 (60868404)
• Project Period (FY): 2024-04-01 – 2028-03-31
• Project Status: Granted (Fiscal Year 2024)
• Budget Amount: ¥4,680,000 (Direct Cost: ¥3,600,000、Indirect Cost: ¥1,080,000); Fiscal Year 2027: ¥260,000 (Direct Cost: ¥200,000、Indirect Cost: ¥60,000); Fiscal Year 2026: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000); Fiscal Year 2025: ¥2,340,000 (Direct Cost: ¥1,800,000、Indirect Cost: ¥540,000); Fiscal Year 2024: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
• Keywords: Carbon pricing

Outline of Research at the Start

This research project aims to investigate the important aspects of implementing a carbon pricing policy for achieving carbon neutrality by 2050. First, I conduct an ex-post empirical analysis of British Columbia's revenue-neutral carbon tax. Second, I conduct an ex-ante numerical simulation analysis of the Japanese carbon tax. Ultimately, the insights of this project will help many jurisdictions, including Japan, to design better and implement a carbon pricing policy for achieving the carbon neutrality goal.