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The Fourth Industrial Revolution in Japan

CO2 Emissions Reduction of 70% by 2050 is Possible with the Introduction of an Environmental Tax

- Making the Environment Protection Compatible with Economic Growth is Possible with Structural Economic Reforms
- Tax Revenues of ¥12 Trillion would be needed if fossil fuel prices remain unchanged

 

2018/01/12

The climate change phenomenon that is believed to be caused by global warming, such as so many powerful typhoons and record-breaking torrential downpours, has started to emerge on a world scale. Measures for preventing global warming are indispensable in the examination of long-term energy policies. To what extent is a substantial reduction in greenhouse gas (GHG) emissions possible, taking into consideration of changes on the energy demand side and technological advancement on the energy supply side after the Fukushima nuclear accident in 2011? What conditions are necessary for such reduction? We estimated that CO2 emissions can be reduced by 70% or more from 2013 level if the prices of fossil fuels rise to about six times their current level by fiscal 2050. However, if prices of fossil fuels remain virtually unchanged, revenues from an environment tax (carbon tax) totaling at least 12 trillion yen would be necessary for the 70% reduction. We also found that the substantial reduction in CO2 emissions does not lead directly to a lower economic growth rate. We conclude that it will be possible to make the environment protection compatible with the economic growth (in other words, to prevent global warming and create an affluent society at the same time) through structural economic reforms, i.e. if we accelerate innovations for advancing the informatization of the economy, called the fourth industrial revolution.

Articles in our former website

2018/08/28

In fiscal 2018, we will revise our long-term macroeconomic forecasts to 2060.

2018/03/13

Productivity has not been growing in tandem with increasing PhDs in Japan

- Problem may be rooted in university education or business misapplication
- As imported technology stalls, "self-sufficiency" remains the rule in Japan

Does Japanese research and development contribute to economic growth?

2018/01/12

CO2 Emissions Reduction of 70% by 2050 is Possible with the Introduction of an Environmental Tax

- Making the Environment Protection Compatible with Economic Growth is Possible with Structural Economic Reforms
- Tax Revenues of ¥12 Trillion would be needed if fossil fuel prices remain unchanged

2016/07/27

Potential of Investments in Information and Communications Technology

- GDP Boost of 70 Trillion Yen by Fiscal Year 2030
- Using ICT for Interaction with Customers Is Key

2016/04/27

Time schedule for tax and social security reform should be prepared within two years

- Maintain fiscal discipline by establishing an independent institution
- Implement drastic reform to accelerate growth

Roadmap for Financial Reform

2014/04/08

Vision 2050: Maintain Position as a First-tier Nation

- World Economic Map in 2050
- Establish National Targets to Stabilize Population Decline

Long-Term Forecast and Policy Proposal

2013/03/08

Stabilize Foreign Exchange Rates to Counter a Sovereign Debt Crisis

- Currency reform to end the deflationary economy

Global Financial Framework to Ensure Growth