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The European recovery plan should respect the “Green Oath”

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Dupré, Mathilde ; Hallak, Julien ; Kalinowski, Wojtek

Institut Veblen pour les réformes économiques, Paris

Veblen Institute - Paris

2020

35 p.

economic recovery ; EU policy ; environment

EU countries

Business economics

https://www.veblen-institute.org/

English

Bibliogr.

"Responses to the Covid-19 crisis must support the social and ecological transformations required to meet the climate and environmental goals of the EU and France and to guarantee dignified living conditions for the entire population. This involves not only developing all measures that present potential joint-benefits for the revival of economic activity and the transition, but also accepting the decline of the most polluting activities and sectors, and supporting the economic players and employees affected during the transition phase.
This note proposes another way forward: first, a coherent ecological roadmap, including essential social measures required to meet the democratic challenge posed by the transition, and second, innovative financing solutions. Funding is a technical issue that should not prevent us from taking action in the face of crises that threaten our living conditions. In order to relieve the stresses currently weighing on public finances, we propose four types of solutions that can be complementary: quasi-perpetual and “melting” mutualised debt, monetary financing, debt cancellation and “helicopter money.”"

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