2013 Fiscal Year Final Research Report
Economic analysis on carbon market and regulation strategies
| Project/Area Number |
21330054
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| Research Category |
Grant-in-Aid for Scientific Research (B)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Applied economics
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| Research Institution | The University of Tokyo (2011-2013)
Kyoto University (2009-2010) |
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Principal Investigator |
MAEDA Akira 東京大学, 総合文化研究科, 教授 (30317309)
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| Project Period (FY) |
2009-04-01 – 2014-03-31
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| Keywords | 経済政策 / 経済理論 / エネルギー全般 / 環境政策 / 地球温暖化ガス塀出削減 / リスク / 資産評価 / 実物資産 |
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| Research Abstract |
The purpose of this research project is to conduct economic studies on carbon (and related) market formation and the role of governments. The analysis is based on techniques and ideas used in environmental economics and financial economics. The focus is centered around the integration of regulation and competition policies.
Main results are the following: First, safety valve mechanism, which is proposed to ease carbon price fluctuations and risks, is analyzed. A rule for trigger price setting is proposed. Second, a general framework for the application of financial engineering techniques to environmental and resource policies is discussed. Finally, concepts regarding technology investment strategy, in particular optimal timing for irreversible decisions are analyzed.
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