The introduction of greenhouse gas emission rights and their allocation through trading schemes (“carbon markets”) is considered an essential policy tool to achieve the ambitious net-zero emission goals, to which countries – including Japan – have committed under the Paris Agreement. Japan has so far not established carbon markets on a national scale. Also, its carbon tax introduced in 2012 has remained ineffectively low. The presentation “Carbon Pricing – Why is Japan lagging behind?” by DIJ director Franz Waldenberger will discuss why carbon pricing has so far not been used within Japan’s climate policy framework. It will also try to assess to what extent the absence of a national emission trading scheme has impacted Japan’s ability to achieve the 2050 net-zero goals. This online presentation is part of the lecture series at Goethe University Frankfurt’s Center for Financial Studies. Details and registration here