A typical consumer underestimates the benefits of future energy
savings and underinvests in energy efficiency, relative to a
description of the socially optimal level of energy efficiency. To
alleviate this energy-efficiency gap problem, various programs have
been implemented. In recent years, many governments have started
providing consumers with subsidies on the purchases of eco-friendly
products such as hybrid cars and energy efficient appliances. This
book conducts a comprehensive analysis of the environmental subsidy
programs conducted in Japan and examines their impacts on consumer
product selection, consumer product use, and environmental outcome.
The book also proposes recommendations for future environmental and
industrial policies. The book's empirical findings will be of
interest to those who are researching on and policymakers of
environmental and industrial policies.
General
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