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EU Economic Governance and the Climate Crisis

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  • Anne-Laure Delatte

Abstract

Government support for firms and households accounts for a substantial part of national budgets Traditional support measures for the corporate sector mostly benefit carbon-intensive sectors and dwarf new green support measures Untargeted, across-the-board income support measures to households are not efficient because they benefit high-income households, which tend to have a larger carbon footprint Non-standard monetary policy has taken the form of an unprecedented economic stimulus, which has mostly benefited carbon-intensive sectors The EU must use institutional leverage to change the allocation of fiscal and monetary support

Suggested Citation

  • Anne-Laure Delatte, 2023. "EU Economic Governance and the Climate Crisis," EconPol Forum, CESifo, vol. 24(04), pages 57-60, July.
    • Handle: RePEc:ces:epofor:v:24:y:2023:i:04:p:57-60
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    File URL: https://www.cesifo.org/DocDL/econpol-forum-2023-4_delatte-eu-economic-governance-climate-crisis.pdf
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