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A Tale of Two Crises: Climate Policy and Distributional Effects in the Coronavirus Recovery Package

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  • Alex Schmitt Karen Pittel
  • Karen Pittel

Abstract

The economic stimulus package, which was put forward at the beginning of June, also takes climate and energy policy aspects into account: on the positive side, for example, the increasing decarbonization, which requires both increased sector coupling and new technologies, has been accounted for by providing funds for a hydrogen strategy. However, the approach remains at a sector- and technology-specific level. It also makes sense to avoid an increase in the EEG surcharge through the use of budget funds from the distribution and relief elements; however, it should be clearly stated whether and to what extent a permanent reduction of the EEG surcharge beyond 2022 is intended.

Suggested Citation

  • Alex Schmitt Karen Pittel & Karen Pittel, 2020. "A Tale of Two Crises: Climate Policy and Distributional Effects in the Coronavirus Recovery Package," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(07), pages 24-29, July.
    • Handle: RePEc:ces:ifosdt:v:73:y:2020:i:07:p:24-29
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    File URL: https://www.ifo.de/DocDL/sd-2020-07-pittel-schmitt-corona-klima-konjunktur.pdf
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    References listed on IDEAS

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    2. Corbett Grainger & Charles Kolstad, 2010. "Who Pays a Price on Carbon?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 46(3), pages 359-376, July.
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    More about this item

    Keywords

    Klimapolitik; Konjunkturpolitik; Epidemie; Deutschland;
    All these keywords.

    JEL classification:

    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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