About Energy Studies Institute
The Energy Studies Institute (ESI) seeks to advance the understanding of energy issues
by conducting independent research and analyses.
INTERNATIONAL EXPERIENCE OF CARBON PRICING – ENVIRONMENTAL AND ECONOMIC IMPACTS
WORKSHOPThursday, 18 January 2024
09:00 – 17:30 hrs (Singapore Time, GMT+8)
09:00 – 09:30 | Registration |
09:30 – 10:30 |
Plenary Session Welcome Remarks • Assoc Prof LEE Poh Seng (Executive Director, ESI, NUS) Project Updates and Opening Presentation: • Dr KIM Jeong Won (Senior Research Fellow, ESI, NUS) Taking a Group Photo
|
10:30 – 10:50 | Comfort Break |
10:50 – 12:20 |
Session 1: Economic Impacts of Carbon Pricing Moderator: Dr Roger FOUQUET (Senior Research Fellow, ESI, NUS) Presentations: • Dr Jeffrey WONG (Associate Professor, Macquarie University) Impact of Carbon Tax on Electricity Prices and Behaviour: Evidence from Australia • Dr Akio YAMAZAKI (Associate Professor, National Graduate Institute for Policy Studies) The Revenue-Recycling of Carbon Taxes: Lessons from British Columbia's Revenue-Neutral Carbon Tax Discussion and Open Q&A
|
12:20 – 13:30 | Networking Lunch |
13:30 – 15:30 | Session 2: Environmental Impacts of Carbon Pricing Moderator: Mr LEOW Foon Lee (Visiting Senior Research Fellow, ESI, NUS) Presentations: • Dr LI Hongyan (Research Fellow, ESI, NUS) An Empirical Assessment of Environmental and Economic Impact of EU-ETS • Dr Mario LIEBENSTEINER (Assistant Professor, Friedrich-Alexander-Universität Erlangen-Nuremberg) Carbon Pricing: Benefits, Drawbacks, and Lessons for Effective Emissions Abatement • Mr Kaitoh HIDANO (Research Associate, ESI, NUS) An Empirical Study of the Prefectural Emissions Trading System in Japan Discussion and Open Q&A |
15:30 – 16:00 | Networking Coffee |
16:00 – 17:30 | Session 3 [Closed discussion]: Methodologies to Assess Impacts of Carbon Pricing Participants: Speakers and ESI researchers (Project team members) |
Kaitoh HIDANO (Research Associate, Energy Studies Institute, National University of Singapore)
Mr Kaitoh Hidano is a Research Associate at the Energy Studies Institute (ESI), National University of Singapore. His
principal work involves research on decarbonization and carbon neutral strategies in Japan. His research also lies
in the econometric analysis of the impact of internal carbon pricing on corporate environmental performance. He
previously worked for the Centre for Tax Policy and Administration, Environment Directorate at the OECD, where
he cultivated experience in tax administration and environmental economic analysis. He obtained a master’s
degree in economics specializing in Macroeconomics and European Policy from the University of Strasbourg and
assisted with research project at the European Chair for Sustainable Development and Climate Transition at
Sciences Po. During his studies, he worked as an intern at Institute for Future-fit Economies in Germany and the
UNESCAP, where he developed his interest in harmonized decarbonization policies in different regions.
KIM Jeong Won (Senior Research Fellow, Energy Studies Institute, National University of Singapore)
Dr Kim Jeong Won is a Senior Research Fellow at the ESI, NUS, and a Research Affiliate at the Sustainable and
Green Finance Institute (SGFIN), NUS. She has extensive experience in energy and environmental research and
sustainable development project management in international organizations and research institutes, including ESI,
Global Green Growth Institute (GGGI), Korea Environment Institute (KEI), and UNWTO ST-EP Foundation. Her
major research areas include policies and development finance in climate change and renewable energy areas,
with focuses on vertical and horizontal policy diffusion among governments and program evaluation based on
quantitative analysis and mixed methodology. She is currently leading research projects about carbon pricing and
net-zero strategies in Singapore and other economies. She holds a PhD in energy and environmental policy from
Korea University, a Master of Public Policy from the University of Chicago, and a Master of Public Administration
from Korea University.
LI Hongyan (Research Fellow, Energy Studies Institute, National University of Singapore)
Dr LI Hongyan is a Research Fellow at the ESI, NUS. Currently, she works on the assessment of the environmental
and economic impact of carbon pricing based on applied microeconomic methods. She has interests in both the
mandatory and voluntary carbon markets. She has experience in environmental economics in a general context as
well, for instance, mitigation and adaptation to climate change. Her research has been presented at several
international economic conferences such as the Royal Economic Society (RES) Annual Meetings and the Asian
Meeting of Econometric Society (AMES). She worked as the reviewer for the Association of Environmental and
Resource Economists (AERE) Summer Conference. She holds a Ph.D. in Economics from the National University of
Singapore and a bachelor’s in finance from Shandong University, China.
Mario LIEBENSTEINER (Assistant Professor, Friedrich-Alexander-Universität Erlangen-Nuremberg)
Dr Mario Liebensteiner is an Assistant Professor (tenure track) of Energy Markets and Energy Systems Analysis at
FAU Erlangen-Nuremberg. He is further affiliated with WU Vienna. His research focuses on the analysis and
regulation of energy markets and environmental policy. Previously, Mario Liebensteiner worked as a postdoc and
respectively praedoc research associate at TU Kaiserslautern and WU Vienna. He holds a doctoral degree in
economics from WU Vienna and studied economics at JKU Linz and City University of Hong Kong. Mario
Liebensteiner is a member of the expert committee “Energy Systems of the Future” (ESYS) of the German Science
Academies.
Jeffrey WONG (Associate Professor, Macquarie University)
Dr Jeffrey Wong is an Associate Professor of Accounting and Finance at Macquarie University. His research
interests are in energy finance, ESG and market behaviour. He has held research grants with the Australian
Research Council and was head of the Energy Markets Research Centre at the Capital Markets CRC. He has
consulted for the Australian Energy Regulator and Australian (NSW) government. Before entering academia he
worked for the Singapore Exchange and held executive positions in the funds management industry. As a research
leader with extensive industry experience, he engages with government, regulators, and industry stakeholders to
enable evidence-based decisions.
Akio YAMAZAKI (Associate Professor, National Graduate Institute for Policy Studies)
Dr Akio Yamazaki is an associate professor at the National Graduate Institute for Policy Studies. His work evaluates
the effectiveness and economic impact of climate change policies. Specifically, his research analyzes how carbon
taxes affect energy use, employment, and productivity. His purpose is to inform policymakers and the public about
the economic benefits and costs of climate policies, thus aiding with the design and implementation of costeffective and evidence-based policy. He is also an adjunct assistant professor in the Department of Economics at
the University of Calgary. He holds a PhD in economics from the University of Calgary, Master of Art in economics
from the University of Southern California, and a bachelor’s degree in economics from the University of California,
Davis. His recent research has been published in the Journal of Public Economics, Journal of Environmental
Economics and Management, Journal of the Association of Environmental and Resource Economists,
Environmental and Resource Economics, and Climate Change Economics.