Misato Sato

Research Officer

Misato works on the evaluation of energy and climate change policies, with focus on energy intensive industries.

Background

Misato has a PhD in Environmental Economics from the LSE, titled Carbon emissions and bilateral trade. She was previously a research assistant at the Faculty of Economics, Cambridge University. She has a MSc in Environmental and Resource Economics from UCL and an MA (Joint Hons) in Economics and Chinese from Edinburgh University.

Research interests

  • EU Emissions Trading Scheme design and impacts
  • Industrial competitiveness impacts from green policies
  • Environment, trade and carbon leakage
Cement_Factory_Langkawi_Malaysia
Working paper  18 May, 2016

Demand for offsetting and insetting in the EU Emissions Trading System

International carbon offsetting can help reduce compliance costs in emissions trading schemes and at the same time support carbon mitigation projects in developing countries. A surprising observation from the European … read more »

2015

energy_prices
Research article  31 December, 2015

Asymmetric industrial energy prices and international trade

This paper measures the response of bilateral trade flows to differences in industrial energy prices across countries. Using a rich panel dataset with 42 countries, 62 manufacturing sectors over 16 … read more »

Research article  8 September, 2015

Asymmetric industrial energy prices and international trade

This paper measures the response of bilateral trade flows to differences in industrial energy prices across countries. Using a rich panel dataset with 42 countries, 62 manufacturing sectors over 16 … read more »

Research article  1 September, 2015

EU ETS, Free Allocations, and Activity Level Thresholds: The Devil Lies in the Details

It is well known that discontinuous jumps or thresholds in tax or subsidies are socially inefficient, because they create incentives to make strategic behavioral changes that lead to substantial increases … read more »

cement_factory
Working paper  4 August, 2015

Solving the clinker dilemma with hybrid output-based allocation

This paper proposes an innovative solution to distribute free allowances to the cement sector under emissions trading systems. read more »

Working paper  25 March, 2015

International and sectoral variation in energy prices 1995-2011: how does it relate to emissions policy stringency?

New research analsying major trends in global energy prices and the extent to which energy prices are a good proxy for emissions policy stringency. New dataset available. read more »

Working paper  2 March, 2015

Asymmetric industrial energy prices and international trade

This paper measures the response of bilateral trade flows to differences in industrial energy prices across countries. Using a panel for the period 1996-2011 including 42 countries, 62 sectors and … read more »

2014

Working paper  3 October, 2014

EU ETS, free allocations and activity level thresholds, the devil lies in the details

Energy intensive and trade exposed sectors receive a proportion of their allowances (EUAs) for the European Union emissions trading system (EU ETS) free of charge to prevent carbon … read more »

Research article  18 June, 2014

Product level embodied carbon flows in bilateral trade - includes dataset

As increasingly complex modelling approaches to quantifying embodied carbon in trade have become popular, the lack of disaggregation has been identified as a key weakness. This paper quantifies embodied carbon in bilateral trade at the product level. read more »

eu_logo_l
Research article  15 April, 2014

The effects and side‐effects of the EU emissions trading scheme

As many countries, regions, cities, and states implement emissions trading policies to limit CO2 emissions, they turn to the European Union's experience with its emissions trading scheme since 2005. read more »

eare_39_4_oc.qxp
Research article  4 January, 2014

Sectors under scrutiny: evaluation of indicators to assess the risk of carbon leakage in the UK and Germany

One of the central debates surrounding the design of the European Union Emissions Trading Scheme is the approach to address carbon leakage concerns. read more »

2013

Research article  12 October, 2013

Who will win the green race? In search of environmental competitiveness and innovation

Fankhauser, Samuel, Bowen, Alex, Calel, Raphael, Dechezlepretre, Antoine, Grover, David, Rydge, James and Sato, Misato (2013) Who will win the green race? In search of environmental competitiveness and innovation. Global … read more »

Research article  3 May, 2013

Embodied carbon in trade: a survey of the empirical literature

This paper critically reviews the literature on embodied carbon in trade and evaluates our present empirical understanding of these flows. read more »

Working paper  1 May, 2013

Sectors under scrutiny – Evaluation of indicators to assess the risk of carbon leakage in the UK and Germany

One of the central debates surrounding the design of the EU Emissions Trading Scheme is the approach to addressing carbon leakage. Correctly identifying the economic activities … read more »

Working paper  1 February, 2013

Assessing the effectiveness of the EU Emissions Trading System

As an increasing number of countries, regions, cities and states implement emission trading policies to limit cap CO2 emission, many turn to the experience of the … read more »

2012

Working paper  1 November, 2012

Who will win the green race? In search of environmental competitiveness and innovation

As the world considers greener forms of economic growth, countries and sectors are beginning to position themselves for the emerging green economy. This paper combines patent … read more »

Working paper  1 April, 2012

Embodied carbon in trade: a survey of the empirical literature

Measuring consumption-based emissions and the implied embodied emissions in trade (EET) has seen a resurgence in recent years, with a growing number of papers reporting country-level … read more »

More in research publications

2015

Policy report  14 December, 2015

Methods for Evaluating the Performance of Emission Trading Schemes

This report provides a short summary of assessment methodologies that have been used to evaluate different operational aspects and outcomes of existing trading schemes, a literature which to date draws primarily from the EU ETS experience. read more »

cement_factory
Policy paper  16 July, 2015

Modernization and innovation in the materials sector: lessons from steel and cement

This report analyses the effectiveness of climate and other related policies in the steel and cement sector over the last 15 years and explores what policy options are available for carbon intensive materials. read more »

2014

city
Policy report  14 November, 2014

The impacts of environmental regulations on competitiveness

Report shows that environmental regulations have only a a marginal impact on competiviveness and that the benefits often outweigh the costs read more »

Metal production
Policy paper  15 October, 2014

Steel Report: Carbon Control Post 2020 in Energy Intensive Industries

Study demonstrates how a portfolio of low-carbon opportunities exists which can modernize the steel industry and achieve climate benefits at the same time. The study concludes that the European steel industry has to be highly energy-efficient and innovative to secure its future and that low-carbon transformation offers such a perspective. read more »

Policy paper  27 February, 2014

Carbon control and competitiveness post 2020: the cement report

Cement industry top management now has little confidence in the EU ETS;  structural reform is needed to help investment in energy efficiency and innovation, and reduce energy costs and carbon … read more »

Policy paper  6 February, 2014

Staying with the leaders: Europe's path to a successful low-carbon economy

Neuhoff, K., Acworth, W., Dechezleprêtre, A., Dröge, S., Sartor, O., Sato, M., Schleicher, S., and Schopp, A. 2014. Climate Strategies. Berlin, Germany and London, UK.

2013

Policy paper  1 July, 2013

The position of the UK in the emerging green economy

GEPC, 2013.  Download paper

Policy report  1 June, 2013

Position of the Netherlands in the emerging green economy

Netherlands Environmental Assessment Agency, 2013. Download paper  

More in policy publications

Cement_Factory_Langkawi_Malaysia
Commentary  18 May, 2016

Offsetting emissions: It’s not just the cost of carbon that matters to businesses

30 kilometres off the north-western coast of Malaysia, in the Langkawi archipelago, French cement giant Lafarge has made a radical change. The coal-fired kilns are now powered by palm nut … read more »

EUflags_commentary2
Commentary  19 February, 2016

EU ETS reform: How to tackle climate change and avoid carbon leakage

With MEPs currently considering the reform of the European Union Emissions Trading System (EU ETS) for Phase 4 (2021-2030), Misato Sato makes the case for revised free allocation of emissions permits. read more »

2015

In the news  8 July, 2015

The EU has the power to drive innovation

Business Green, 8 July (article requires subscription to access)

2014

In the news  28 November, 2014

Green regulations cripple the economy? Show me the proof

If environmental red tape is the source of so many economic woes, why is the evidence of the harm they cause so sketchy? read more »

In the news  20 November, 2014

Opinion: exposing myths about green regulations

Dr Antoine Dechezleprêtre and Dr Misato Sato explain the findings of their latest report, ‘The impacts of environmental regulations on competitiveness’ published by the Grantham Research Institute on Climate Change and the Environment at London School of Economics and Political Science. read more »

In the news  14 November, 2014

'Green tape' can boost growth, study finds

Grantham Institute report says environmental regulations can drive economic growth by encouraging business innovation read more »

More in news

2015

Data setWorking paper  25 March, 2015

International and sectoral variation in energy prices 1995-2011: how does it relate to emissions policy stringency?

New research analsying major trends in global energy prices and the extent to which energy prices are a good proxy for emissions policy stringency. New dataset available. read more »

2014

Data setResearch article  18 June, 2014

Product level embodied carbon flows in bilateral trade - includes dataset

As increasingly complex modelling approaches to quantifying embodied carbon in trade have become popular, the lack of disaggregation has been identified as a key weakness. This paper quantifies embodied carbon in bilateral trade at the product level. read more »

More in data set publications