The macroeconomic implications of the transition to a low-carbon economy
Brand, Claus ; Coenen, Günter ; Hutchinson, John ; Saint-Guilhem, Arthur
2023
5
83-104
decarbonization ; taxation ; inflation ; gas emission
Public finance and taxation
English
"To help avert severe economic damage from climate change, the European Union (EU) has taken measures aimed at reducing greenhouse gas (GHG) emissions to net zero by 2050. The EU's net-zero goal is set out in the European Green Deal, and comprehensive measures are outlined in the EU's Fit for 55 package.[2] These aim to reduce GHG emissions by 55% by 2030 (compared to 1990 levels). The Fit for 55 package includes carbon price increases and regulatory measures and foresees massive green investments..."
Digital
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