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:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Climate 
653 |a Climate change 
653 |a Environmental Taxes and Subsidies 
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653 |a Capital and Ownership Structure 
653 |a Goodwill 
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653 |a Climatic changes 
653 |a International Organizations 
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653 |a Environmental impact charges 
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653 |a Value of Firms 
653 |a Monetary policy 
653 |a Emissions trading 
653 |a Monetary Policy 
653 |a Money and Monetary Policy 
653 |a Redistributive Effects 
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520 |a 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