The climate change challenge and fiscal instruments and policies in the EU

Bericht

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.

Object Details

• ISBN: 978-92-899-6059-5
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ECB Occasional Paper ; No. 315

Classification and Topics

• Classification: Wirtschaft ; Climate; Natural Disasters and Their Management; Global Warming ; Environmental Economics: Government Policy ; Equity, Justice, Inequality, and Other Normative Criteria and Measurement
• Subject: climate change ; carbon tax ; debt sustainability ; green investment,extreme weather events ; redistribution

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Avgousti, Aris ; Caprioli, Francesco ; Caracciolo, Giacomo ; Cochard, Marion ; Dallari, Pietro ; Delgado-Téllez, Mar ; Domingues, João ; Ferdinandusse, Marien ; Filip, Daniela ; Nerlich, Carolin ; Prammer, Doris ; Schmidt, Katja ; Theofilakou, Anastasia
• Event: Veröffentlichung
• (who): European Central Bank (ECB)
• (where): Frankfurt a. M.
• (when): 2023

Further information

• DOI: doi:10.2866/850581
• Handle: http://hdl.handle.net/10419/278426
• Last update: 10.03.2025, 11:42 AM CET