Misato’s research aims to provide a robust evidence base on how regulated companies and sectors respond to energy and climate change policies, in an effort to help improve the design and effectiveness of current polices to better support industries in their low-carbon transition. Her recent work uses economic and econometric methods to evaluate how climate policies such as the EU Emissions Trading System affect the economic performance of cement, steel and other sectors, and how they influence business decisions or outcomes on the various dimensions of competitiveness such as trade, innovation, employment, costs, profitability and investment.

Misato currently holds an ESRC Future Research Leaders award for the project “Assessing the trade and innovation impacts of climate change policies: do they help UK firms or competitors abroad?” (2016-2018).


Misato completed her Ph.D. in Environmental Economics at the LSE.  Prior to her doctoral studies, she held roles as a research assistant at the Faculty of Economics, Cambridge University and Providence University, Taiwan. 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

  • Environmental and Resource Economics
  • Environment and Trade
  • Applied Econometrics


Research - 2024

Research - 2023

Research - 2022

Research - 2020

Research - 2018

Research - 2017

Research - 2016

Research - 2015

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Research - 2013

Research - 2012


Policy - 2023

Policy - 2022

This submission to the UK ETS Authority consultation on ‘Developing the UK Emissions Trading Scheme (ETS)’ provides evidence on implementing a net zero consistent ETS cap, Free Allocation policy, the expansion of the UK ETS to additional sectors, and incorporating greenhouse gas removal into the scheme. Read more

Policy - 2021

There has been a resurgence in the debate around Carbon Border Adjustment Mechanisms (CBAMs) and the role they may play in preserving the effectiveness of climate action in high ambition countries. This report explores how the European Union’s CBAM, announced to come into force by the end of 2022, might affect the UK. Read more

Policy - 2020

Policy - 2018

This special report for the LSE Growth Commission shows why it is sensible for environmental sustainability to be at the heart of the UK’s growth strategy and how this can be achieved, setting out recommendations for government across the areas of innovation, infrastructure, skills and cities. Read more

Policy - 2016

A project led jointly by Climate Strategies and DIW Berlin has been exploring whether inclusion of domestic sales of selected... Read more

Misato Sato

Policy - 2015

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Policy - 2013


Data - 2015

Data - 2014


Events - 2023

Events - 2018

Events - 2017


News - 2023

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News - 2021

News - 2018

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News - 2015

News - 2014

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