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VSJF Annual Conference 2024 'Sustainability in Japan' Programme and Details https://dij.tokyo/vsjf2024 Would you like to pay for your greenhouse gas (GHG) emissions? Japan’s voluntary approach to carbon pricing Franz Waldenberger (German Institute for Japanese Studies, DIJ Tokyo) In 2020, the Japanese government announced the ambitious goal to fully decarbonize its economy by 2050. Many experts agree that this can only be achieved by either steadily increasing taxes on GHG emissions so that they become unaffordable and/or by introducing an emissions trading scheme which steadily reduces the volume of allowed emissions to zero. However, the Japanese government has so far imposed only a marginal carbon tax rate and refrained from introducing a compulsory trading system. Its reliance on voluntary schemes resembles its approach in combating the COVID-19 pandemic and resonates with John O. Haley’s analysis in his 1996 book Authority Without Power. The presentation will argue that these similarities can be at best partially substantiated, pointing to the strong industrial policy traits of Japan’s green transition (GX) strategy. It will conclude with an outlook on whether and how Japan’s approach will be able to achieve the country’s net-zero goals. Professor Dr. Franz Waldenberger has been Director of the German Institute for Japanese Studies (DIJ) in Tokyo since October 2014. He is on leave from Munich University where he holds a professorship for Japanese Economy. His research focuses on the Japanese Economy, Corporate Governance and International Management. He is editor in chief of the international peer reviewed journal Contemporary Japan. His recent publications include The Future of Financial Systems in the Digital Age (2022, co-edited with M. Heckel) and Alterung und Pflege als kommunale Aufgabe (2022, coedited with G. Naegele, Hiroko Kudo and Tomoo Matsuda). As member of the Japanese German Forum and the board of the Japanese German Business Association, he has for many years been working for the betterment of German Japanese relations. Cite as: Waldenberger, Franz. 2024. “Would you like to pay for your greenhouse gas (GHG) emissions? Japan’s voluntary approach to carbon pricing”. Sustainability in Japan. Lecture series, ed. by Conrad, Harald, Barbara Holthus, Axel Klein. YouTube • Would you like to pay for your greenh... . Connect with the DIJ Tokyo YouTube: / dijtokyo Website: https://www.dijtokyo.org Bluesky: https://bsky.app/profile/dijtokyo.org LinkedIn: / dijtokyo Newsletter: https://dij.tokyo/newsletter