Details
- Identification
- Economic Brief 081
- Publication date
- 5 September 2024
- Authors
- Theo Aphecetche | Directorate-General for Economic and Financial Affairs
Description
This paper examines the fiscal implications of the global transition to climate neutrality, focusing on government expenditures, revenues, and the need for a comprehensive fiscal strategy within country-level transition plans.
Highlights
- Identifying the fiscal implications of the transition to climate neutrality on government budgets.
- Assessing the revenue boost from carbon pricing and the eventual decline as emissions reduce.
- Suggesting possible options to broaden the tax base and introduce innovative source of financing for fiscal sustainability.
- Recommending continuous assessment of fiscal impact of climate policies, and stronger G20 coordination to mitigate fiscal risks of a disorderly climate transition.
Information and identifiers
Economic Brief 081. September 2024. Brussels. PDF 20 pp. Tab. Graph. Bibliogr. Free.
KC-BE-24-003-EN-N (online)
ISBN 978-92-68-12537-3 (online)
ISSN 2443-8030 (online)
doi:10.2765/10294 (online)
JEL classification: E6, H2.
Disclaimer
European Economy Economic Briefs are written by the staff of the European Commission’s Directorate-General for Economic and Financial Affairs to inform discussion on economic policy and to stimulate debate. The views expressed in this document are solely those of the author(s) and do not necessarily represent the official views of the European Commission.
