The 11th Policy Platform (PoP) Seminar
Institutional Evolution of Environmental Finance and Innovation: Possibilities and Challenges to Japan in the Context of Globalization

日時：2013年8月21日（水）15:00～17:00

会場：東京大学本郷キャンパス　経済学研究科学術交流棟（小島ホール）2階コンファレンスルーム

Date: Wednesday, August 21, 2013, 15：00-17：00

Venue：Economics Research Annex (Kojima Hall), Conference Room, Second Floor, Hongo Campus, University of Tokyo

講師：ジャネル・ノックスヘイズ教授（米国・ジョージア工科大学公共政策学部）

金井司（三井住友信託銀行経営企画部CSR担当部長）

Speakers: Dr. Janelle Knox-Hayes, Assistant Professor, School of Public Policy, Georgia Institute of Technology, Atlanta, Georgia, United States

Mr. Tsukasa Kanai, Head, Corporate Social Responsibility Office, Corporate Planning Department, Sumitomo Mitsui Trust Holdings, Inc., Tokyo, Japan

【事前予約要】お申込みはこちらから

主催：東京大学 公共政策大学院 (GraSPP) 科学技術イノベーション政策の科学（STIG）教育・研究ユニット

Organizer: Science, Technology, and Innovation Governance (STIG), Graduate School of Public Policy (GraSPP), University of Tokyo

言語：日本語・英語（同時通訳なし） Language: English/Japanese (no simultaneous translation provided)

＜概要＞ 持続可能な社会を構築していくに向けて、金融機能の果たす役割は非常に大きい。今回のセミナーでは、日本・米国・欧州・アジアを含めた環境金融の制度形成とイノベーションについて、金融業界における実際の取り組みを踏まえて、研究者と実務家がグローバルな観点から議論する。

"Environmental Finance: Developing emissions markets to direct clean energy under different models of governance"

Dr. Janelle Knox-Hayes, Assistant Professor, School of Public Policy, Georgia Institute of Technology, United States; and Research Associate, Department of Geography and Environment, University of Oxford, United Kingdom

  The relationship between finance and economic growth is a long debated topic within economic geography. In this presentation, analysis of emerging carbon emissions markets in the United States, Europe, China and Japan is used to explore the relationship between finance and economic growth. Carbon markets lend unique insight into the operation of finance because they are built in advance of the underlying commodities markets (clean energy markets) they are meant to influence. In each case, the varying relationship between finance and industry has had an impact on shaping the markets, and in turn has influenced their ability to direct investment into clean energy. In Europe, institutional logics of finance and have created a low growth but stable investment in clean energy.  In the United States, the predominance of financial markets, with little emphasis on industry, has directed investment away from clean energy and into other modes of finance. In Japan, the emphasis on manufacturing and heavy industry have nested the emissions markets in logics of technology transfer and clean energy development, but the absence of financial innovation has inhibited the growth of underlying clean energy markets. In China, centralized authority has enabled the government to leverage foreign investment into wind and solar industries, but the absence of price discovery and insufficient market depth has led to a collapse in clean energy demand. The most successful economies are able to balance the influence of financial and industrial sectors in the creation and operation of new markets.

「日本の環境金融の現状と課題～21世紀金融行動原則の目指すもの」

金井司　三井住友信託銀行経営企画部CSR担当部長

社会を持続可能なものに変えていくには、お金の流れをそれに適合したものに変える必要がある。そのような趣旨から、日本の金融業界が横断的に集まり1年間の協議を経て、2011年10月に21世紀金融行動原則が制定された。しかしながら、実務レベルではまだまだ問題点も多い。金融行動原則の起草に携わった演者が、日本の環境金融の現状と課題を解説する。