The Financial Impact of Carbon Taxation on Corporates: Japan
May 18, 2023
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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
Pages:
12
Volume:
2023
DOI:
Issue:
034
Series:
Selected Issues Paper No. 2023/034
Stock No:
SIPEA2023034
ISBN:
9798400244223
ISSN:
2958-7875
