Faculty Fellow

Professor, Faculty of Political Science and Economics, Waseda University
Director, Research Institute for Environmental Economics and Management, Waseda University

Activities at RIETI


Environmental Economics, Energy Economics, Applied Econometrics, Climate Policy

Research Projects


2000 Ph.D. in Economics, University of Minnesota, US.
1994 M.S. in Environmental Sciences, University of Tsukuba, Japan
1992 B.A. in History and Philosophy of Science, University of Tokyo, Japan


2012 – present Professor, Faculty of Political Science and Economics, Waseda University
2015 – 2017 Program Officer, Grants-in-Aid for Scientific Research (Kakenhi), Ministry of Education, Culture, Sports, Science and Technology
2011 – 2012 Professor, Department of Economics, Sophia University
2006 – 2008 Visiting Research Scholar, Resources for the Future
2006 – 2008 Visiting Associate Professor, George Mason University
2004 – 2011 Associate Professor, Department of Economics, Sophia University
2000 – 2004 Lecturer, Department of Economics, Sophia University

Selected Publications and Papers


  • Carbon Pricing in Japan, Germany: Springer, 2020 (co-edited with S. Matstumoto)
  • Frontiers of Environmental Economics, Tokyo: Nippon Hyoronsha, 2017 (co-edited with H. Katayama, S. Matsumoto) (In Japanese)
  • An Evaluation of Japanese Environmental Regulations –Quantitative Approaches from Environmental Economics-, Germany: Springer (co-author: K. Iwata)
  • New Market Mechanisms for GHG Emission Reduction: Economic Analysis of Joint Crediting Mechanisms and its Prospects, Tokyo: Nippon Hyoronsha, 2015,'(editor).
  • Climate Change Policies and International Trade: Economic and Legal Analysis of Emissions Trading and Border Tax Adjustment, Tokyo: University of Tokyo Press, 2012 (co-edited with M. Yomogida, T. Kawase) (In Japanese)
  • Economic Analysis of Emission Trading and Energy Efficiency for Japanese Economy and Households, Tokyo: Nippon Hyoronsha, 2012 (co-edited with S. Takeda) (In Japanese)
  • Introduction to Environmental Economics, Tokyo: Chuokoron-Shinsya, 2002 (Co-author: A. Hibiki) (in Japanese)

Selected Papers Published in Refereed Journals

  • "Energy-Related Environmental Policy and its Impacts on Energy Use in Asia" Asian Economic Policy Review, pp. 1-18, 2021, published online (Co-Author: M. Sugino)
  • "The impact of the Tokyo emissions trading scheme on office buildings: what factor contributed to the emission reduction?" Environmental Economics and Policy Studies, pp.1-17, 2020, published online (Co-Author: T. Abe)
  • "Political Economy of Voluntary Approaches: A lesson from Environmental Policies in Japan" Economic Analysis and Policy, 64, 41-53, 2019 (Co-Authors: S. Kaneko, S. Managi, T. Shinkuma, M. Yamamoto, Y. Yoshida)
  • "Labor Market Distortions and Welfare‑Decreasing International Emissions Trading" Environmental and Resource Economics, 74, 271-293, 2019 (Co-Authors: S. Takeda, M. Sugino)
  • "Information leverage: The adoption of clean cooking fuel in Bhutan" Energy Policy, 125, 181-195, 2019 (Co-Author: N. Dendup)
  • "Cost-efficient strategy for reducing PM 2.5 levels in the Tokyo metropolitan area: An integrated approach with air quality and economic models" PLOS ONE, 13(11): e0207623, 1-18, 2018 (Co-Authors: Y. Kunugi, K. Iwata, E. Komatsu, Y. Hirayama)
  • "Do Social Norms Matter to Energy-Saving Behavior? Endogenous Social and Correlated Effects" Journal of the Association of Environmental and Resource Economists, 3 (3), 525-553, 2016 (Co-Authors: H. Katayama, M. Sakudo)
  • "Voluntary agreements to encourage proactive firm action against climate change: an empirical study of industry associations' voluntary action plans in Japan" Journal of Cleaner Production,.112 (4), 2885-2895, 2016 (Co-Author: M. Wakabayashi)
  • "Output-based allocation of emissions permits for mitigating the leakage and competitiveness issues for the Japanese economy" Environmental Economics and Policy Studies, 16, 89-110, 2014 (Co-Authors: S. Takeda, H. Tamechika, H. C. Fischer and A. K. Fox)
  • "A new insight into environmental innovation: Does the maturity of environmental management systems matter?" Ecological Economics,.94, 156-163, 2013 (Co-Authors: E. Inoue and M. Nakano)
  • "The effects of alternative carbon mitigation policies on Japanese industries" Energy Policy,.62, 1254-1267, 2013 (Co-Authors: M. Sugino, R. D. Morgenstern)
  • "A Computable General Equilibrium Analysis of Border Adjustments under the Cap-and-Trade System: A Case Study of the Japanese Economy" Climate Change Economics,.3(1),.(1250003)1-30, 2012 (Co-Authors: S. Takeda, Tetsuya Horie)
  • "Cost-Effectiveness of Electricity Energy Efficiency Programs" The Energy Journal, 33(2), 63-99, 2012 (Co-Authors: S. Li, R. G. Newell, K. Palmer)
  • "Is ISO 14001 a Gateway to More Advanced Voluntary Action? A Case for Green Supply Chain Management" Journal of Environmental Economics and Management 61, 170-182, 2011 (Co-Authors: N. Darnall, H. Katayama)
  • "Is a Voluntary Approach an Effective Environmental Policy Instrument? A Case for Environmental Management Systems" Journal of Environmental Economics and Management, 55(3), 281-295, 2008 (Co-Authors: A. Hibiki, H. Katayama)
  • "An Empirical Study of the SO2 Allowance Market: Effects of PUC Regulations" Journal of Environmental Economics and Management,.44, 271-289: 2002
  • Essays on the US SO2 Allowance Market, Ph.D. Dissertation, University of Minnesota, Department of Economics, 2000.



  • 2020 Outstanding Publication Award, Society of Environmental Science, Japan
  • 2018 SEEPS Outstanding Publication Award, The Society for Environmental Economics and Policy Studies
  • 2012 SEEPS Young Achievement Award, The Society for Environmental Economics and Policy Studies
  • 2012 Outstanding Publication Award, Sustainable Management Forum of Japan

Professional Activities

  • Environmental Council, Tokyo Metropolitan Government
  • Carbon Pricing Subcommittee, Central Environment Council, Ministry of Environment, Japan