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The Financial Impact of Carbon Taxation on Corporates Japan

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 ne...

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Bibliographic Details
Main Author: Schmittmann, Jochen M.
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2023
Series:Selected Issues Papers
Subjects:
Environmental Conservation And Protection
Environmental Economics
Public Finance & Taxation
Taxes
Climate
Climate Change
Environmental Taxes And Subsidies
International Organization
Carbon Tax
Greenhouse Gas Emissions
Business Taxes And Subsidies
International Institutions
Global Warming
Capital And Ownership Structure
Goodwill
International Economics
Financial Risk And Risk Management
Taxation
Financing Policy
Taxation And Subsidies: Externalities
Greenhouse Gases
International Agreements And Observance
Climatic Changes
International Organizations
Natural Disasters And Their Management
Monetary Economics
Environment
Environmental Impact Charges
Value Of Firms
International Agencies
Monetary Policy
Emissions Trading
Money And Monetary Policy
Redistributive Effects
Valuation Of Environmental Effects
Japan
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
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
Physical Description:12 pages
ISBN:9798400244223

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