The Financial Impact of Carbon Taxation on Corporates: Japan

May 18, 2023

Preview Citation

Format: Chicago

Jochen M. Schmittmann The Financial Impact of Carbon Taxation on Corporates: Japan, (USA: International Monetary Fund, 2023) accessed December 21, 2024

Summary

Japan’s commitment to achieve net zero emissions by 2050 will likely require substantial carbon pricing. Corporates appear to be able to absorb a sharp increase in carbon taxes on average, but there is a substantial weak tail of firms that could face financial stress. The analysis underscores the need to align the private sector and public policies with Japan’s climate targets to ensure a smooth transition to net zero.

Subject: Carbon tax, Environment, Greenhouse gas emissions, International organization, Monetary policy, Taxes

Keywords: B. emission trend, Carbon Pricing, Carbon tax, Carbon Taxation, Climate Change, Debt-at-Risk, Emission data, Global, Greenhouse gas emissions, Japan, Japan's commitment, Reporting company

Publication Details

Pages:

12
Volume:

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DOI:

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Issue:

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Series:

Selected Issues Paper No. 2023/034
Stock No:

SIPEA2023034
ISBN:

9798400244223
ISSN:

2958-7875

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