1. Greening the recovery by greening the fiscal consolidation
- Author:
- Ben McWilliams, Simone Tagliapietra, and Georg Zachmann
- Publication Date:
- 07-2020
- Content Type:
- Policy Brief
- Institution:
- Bruegel
- Abstract:
- In the wake of COVID-19, some economic recovery policies will help green the economy – for example, energy renovation of buildings. But there are limits to the share of stimulus that can be explicitly green. The European Union should therefore also green the fiscal consolidation by setting out the path to much higher carbon prices than today. This would guide investment and provide revenues to help the fiscal consolidation.
- Topic:
- Climate Change, Energy Policy, European Union, Economy, Renewable Energy, and COVID-19
- Political Geography:
- Europe