Download or read book The Financial Impact of Carbon Taxation on Corporates written by Jochen M. Schmittmann and published by International Monetary Fund. This book was released on 2023-05-18 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.