The climate change challenge and fiscal instruments and policies in the EU
Avgousti, Aris ; Caprioli, Francesco ; Caracciolo, Giacomo ; Cochard, Marion ; Dallari, Pietro ; Delgado-Téllez, Mar ; Dominges, João ; Ferdinandusse, Marien ; Filip, Daiela ; Nerlich, Carolin ; Prammer, Doris ; Schmidt, Katja ; Theofilakou, Anastasia
ECB - Frankfurt am Main
2023
61 p.
climate change ; energy policy ; fiscal policy ; sustainable development ; investment ; taxation
Occasional Paper
315
Public finance and taxation
https://www.ecb.europa.eu/pub/pdf/scpops/ecb.op315~c279c7c290.en.pdf
English
Bibliogr.
"Fiscal policy plays a prominent role in climate change mitigation and adaptation. An optimal combination of revenue policies, in particular taxes, and expenditure policies, such as subsidies and investment, is essential in order to achieve greenhouse gas emissions targets. This paper analyses the main fiscal instruments in place in European Union Member States, focusing on specific issues, such as the fiscal impact of extreme weather events, the interaction between debt sustainability and climate change, the green investment gap and the distributional impact of climate policies. The paper aims to provide an overview of existing fiscal policies and of the main fiscal challenges for a comprehensive European climate change strategy."
Digital
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