IDEAS home Printed from https://ideas.repec.org/p/bre/polcon/44540.html
   My bibliography  Save this paper

A green fiscal pact- climate investment in times of budget consolidation

Author

Listed:
  • Zsolt Darvas
  • Guntram B. Wolff

Abstract

This paper was prepared for the informal ECOFIN meeting in Ljubljana on 10/11 September 2021. The authors thank Klaas Lenaerts for his excellent research assistance and colleagues at Bruegel (Grégory Claeys, Maria Demertzis, André Sapir, Jean Pisani-Ferry and Simone Tagliapietra) for their feedback and suggestions. The additional public investment need required to meet the European Union’s climate goals is between 0.5 percent and 1 percent of GDP annually during this...

Suggested Citation

  • Zsolt Darvas & Guntram B. Wolff, 2021. "A green fiscal pact- climate investment in times of budget consolidation," Policy Contributions 44540, Bruegel.
    • Handle: RePEc:bre:polcon:44540
    as

    Download full text from publisher

    File URL: https://www.bruegel.org/wp-content/uploads/2021/09/PC-2021-18-0909.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mario Alloza & Danilo Leiva-León & Alberto Urtasun, 2022. "The response of private investment to an increase in public investment," Economic Bulletin, Banco de España, issue 2/2022.
    2. Atanas Pekanov & Margit Schratzenstaller, 2023. "Options to Align the EU Fiscal Framework to Green Public Investment Needs," WIFO Research Briefs 2, WIFO.
    3. Corti, Francesco & Alcidi, Cinzia & Gros, Daniel & Liscai, Alessandro & Shamsfakhr, Farzaneh, 2022. "A qualified treatment for green and social investments within a revised EU fiscal framework," CEPS Papers 36574, Centre for European Policy Studies.
    4. Philipp Heimberger, 2023. "Öffentliche Investitionen und Sozialstaat: Perspektiven der Budgetpolitik im Kontext von Energiekrise, Klimawandel und EU-Budgetregeln," wiiw Policy Notes 65, The Vienna Institute for International Economic Studies, wiiw.
    5. Sebastian Barnes, 2022. "EU Fiscal Governance Reforms: A Perspective of Independent Fiscal Institutions," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 57(1), pages 21-25, January.
    6. Puonti, Päivi, 2022. "Public Debt and Economic Growth," ETLA Reports 127, The Research Institute of the Finnish Economy.
    7. Matilda Baret & Maxime Menuet, 2024. "Fiscal and Environmental Sustainability: Is Public Debt Environmentally Friendly?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 87(6), pages 1497-1520, June.
    8. Ginters Buss & Patrick Gruning & Olegs Tkacevs, 2021. "Choosing the European Fiscal Rule," Working Papers 2021/03, Latvijas Banka.
    9. Stavros A. Zenios, 2022. "The risks from climate change to sovereign debt," Climatic Change, Springer, vol. 172(3), pages 1-19, June.
    10. Catherine Mathieu & Henri Sterdyniak, 2021. "Vers une réforme des règles budgétaires dans la zone euro ?," SciencePo Working papers Main hal-03474871, HAL.
    11. Cinzia Alcidi & Francesco Corti & Daniel Gros, 2022. "A Golden Rule for Social Investments: How to Do It," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 57(1), pages 26-32, January.
    12. Alessandra Cepparulo & Giuseppe Eusepi & Luisa Giuriato, 2024. "Public Finance, Fiscal Rules and Public–Private Partnerships: Lessons for Post-COVID-19 Investment Plans," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 66(1), pages 191-213, March.
    13. Philipp Heimberger & Andreas Lichtenberger & Anna R. Matzner & Bernhard Schütz & Lea Steininger, 2024. "Monthly Report No. 2/2024," wiiw Monthly Reports 2024-02, The Vienna Institute for International Economic Studies, wiiw.
    14. Karydas, Christos & Xepapadeas, Anastasios, 2022. "Climate change financial risks: Implications for asset pricing and interest rates," Journal of Financial Stability, Elsevier, vol. 63(C).
    15. Philipp Heimberger & Andreas Lichtenberger, 2023. "RRF 2.0: A Permanent EU Investment Fund in the Context of the Energy Crisis, Climate Change and EU Fiscal Rules," wiiw Policy Notes 63, The Vienna Institute for International Economic Studies, wiiw.
    16. Schratzenstaller Margit, 2023. "Elements of a European Green Fiscal Policy," Intereconomics: Review of European Economic Policy, Sciendo, vol. 58(6), pages 300-304, December.
    17. O'Connell, Marguerite & Abraham, Laurent & Oleaga, Iñigo Arruga, 2023. "The legal and institutional feasibility of an EU Climate and Energy Security Fund," Occasional Paper Series 313, European Central Bank.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bre:polcon:44540. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bruegel (email available below). General contact details of provider: https://edirc.repec.org/data/bruegbe.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.