The role of fiscal rules in relation with the green economy
Analiżi fil-Fond
03-09-2020
This paper discusses the analytical basis for facilitating green public investment under the Stability and Growth Pact fiscal rules. It concludes that additional public debt created by deficit-financed green public investment is likely to increase fiscal sustainability risks. However, such additional risks could be justified to avoid the economic damages (which would also have long run consequences for public finances) arising in the absence of sufficient green public investment. Tre trade off could be improved if green public investment were financed through EU debt.
Analiżi fil-Fond
Awtur estern
Carlo Cottarelli
Dwar dan id-dokument
Tip ta’ pubblikazzjoni
Qasam tematiku
Kelma għat-tiftix
- adattament għat-tibdil fil-klima
- AMBJENT
- defiċit fil-bilanċ tal-pagamenti
- dejn pubbliku
- EKONOMIJA
- ekonomija monetarja
- FINANZI
- finanzi pubbliċi u politika baġitarja
- finanzjar u investiment
- investiment pubbliku
- kostruzzjoni Ewropea
- patt ta' stabbiltà
- politika ambjentali
- politika ekonomika
- programm ta' stabbiltà
- relazzjonijiet monetarji
- strateġija tal-UE għat-tkabbir
- tkabbir ekoloġiku
- tnaqqis tal-emissjonijiet
- UNJONI EWROPEA
- żvilupp sostenibbli