@article{Lu:332314,
      recid = {332314},
      author = {Lu, Xiangchun and Asuka, Jusen and Monjon, Stephanie and  Quirion, Philippe},
      title = {Analyses on impacts of ETS on industries of Japan},
      address = {2013},
      pages = {20},
      year = {2013},
      note = {Presented at the 16th Annual Conference on Global Economic  Analysis, Shanghai, China},
      abstract = {From 2013, EU-ETS entered its third phase, free allocation  of emission permits for energy intensive industries will  continue, and Border Adjustment will be adapted to mitigate  carbon leakage and risk of losing competitive edge.  Following with EU, Japan is planning to introduce Emission  Trade Schemes. With a multi-region model, we analyzed the  possible impacts of ETS on industries, especially energy  intensive industries in Japan. Comparing with full auction  scenario, grandfathering (GF), output-based (OB) and border  adjustment (BD) scenarios are also considered for their  effects of “anti-leakage” and mitigating risk of losing  competitive edge. We found that the carbon leakage ratio in  the case of full auctioning in the ETS of Japan is not very  much different from the GF and OB scenarios. We can find  that the “best” anti-leakage option depends on the policy  objective and on the sector. Although the output-based  allocation variants lead to a generally higher carbon  leakage ratio than border adjustments, leakage remains very  limited. The most efficient variant in this respect is the  one with auctioning in the power sector and output-based  allocation in the cement, iron and steel and petroleum  chemical products sectors, covering both direct and  indirect emissions.},
      url = {http://ageconsearch.umn.edu/record/332314},
}