Research Project on Renewable Energy Economics, Kyoto University




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Rudolph, Sven

Rudolph, Sven
Graduate School of Global Environmental Studies, Kyoto University


Hakubi Center / Graduate School of Global Environmental Studies, Kyoto University


The Political Economy of Sustainable Carbon Pricing


1. Rudolph, Sven/Aydos, Elena (2018): Climate policy Made ‘Down Under’ – the political economy of a New Carbon Market in Australia. In: Carbon and Climate Law Review 12(4), 304-315
2. Kellett, Christopher/Aydos, Elena/Rudolph, Sven/Weller, Steven (2018): The Social Cost of Carbon Dioxide – Policy and Methods for Pricing Greenhouse Gas Emissions. In: Finlayson, Trevor R. (ed.): Our Changing World in the South Pacific – Australasian and German Perspectives, Melbourne: Australian Association of Humboldt Fellows, 3-16
3. Rudolph, Sven/Aydos, Elena/Kawakatsu, Takeshi/Lerch, Achim (2018): How to Build Truly Sustainable Carbon Markets. In: Solutions 9(1) (
4. Rudolph, Sven/Lerch, Achim/Kawakatsu, Takeshi (2017): Developing the North American Carbon Market – Prospects for Sustainable Linking. In: Weishaar, Stefan et al. (eds.) The Green Market Transition: Carbon Taxes, Energy Subsidies and Smart instrument Mixes – Critical Issues in Environmental Taxation Volume XIX, Cheltenham, UK/Northampton, US: Edward Elgar, 209-230
5. Rudolph, Sven/Morotomi, Toru (2016): Acting Local! An Evaluation of the First Compliance Period of Tokyo’s Carbon Market. In: Carbon and Climate Law Review 10(1), 75-78



Climate change is a major threat to humanity and can only be limited to acceptable levels by a fast and comprehensive energy transition away from fossil fuels. Sustainable energy and climate policy, however, cannot go without pricing carbon. Carbon markets are the most promising policy tool to achieve absolute volume emission reduction at low cost without compromising on climate justice, but they also need to be politically feasible. They are spreading across the globe and linking domestic schemes even improves their sustainability. Due to political constraints, however, Japan has only limited experiences with carbon markets. Hence, in interdisciplinary and international collaboration we identify the chances and obstacles of sustainable carbon markets. We apply sustainability and political economics’ methodologies and analyze international experiences on a comparative case studies basis. By doing so, we hope to contribute our share to a sustainable solution of the climate crisis.