Amid growing uncertainties caused by the climate crisis, geopolitical risks and the pandemic, there is a need to re-design economic policy to include public-private partnerships for "Moon Shot" type large-scale advanced R&D initiatives, new institutional designs to create new markets and promote innovation, and measures to strengthen supply chain resilience.
In furtherance of effective change to meet these pressing needs, RIETI inaugurated a new RIETI EBPM Center on April 1, 2022. In collaboration with domestic and overseas researchers and policymakers, the Center will strengthen retrospective policy assessments and develop new analytical tools to facilitate the prospective assessment of the economic effects of large-scale projects considered for implementation through public-private partnership, including, for example, decarbonization, and to propose the data design necessary to evaluate each potential project. Through these efforts, RIETI aims to evolve evidence-based policy making (EBPM) and to play a core role as a policy research institute that supports the advancement of economic and industrial policies through effective analysis and recommendations.