Book contents
- The Macroeconomics of Decarbonisation
- Reviews
- The Macroeconomics of Decarbonisation
- Copyright page
- Contents
- Figures
- Tables
- Boxes
- Introduction
- 1 Understanding Deep Decarbonisation over the Long Run
- 2 Understanding Decarbonisation’s Short-Term Disruptions to Economic Activity
- 3 The Distributional Effects of Climate Policy
- 4 Public Finances and Decarbonisation
- 5 Greening Innovation, Industrial and Competition Policies
- 6 Mobilising the Financial System for Decarbonisation
- 7 Decarbonisation and Labour Markets
- 8 Greening Central Banks
- Conclusions
- Index
- References
4 - Public Finances and Decarbonisation
Published online by Cambridge University Press: 01 February 2024
Book contents
- The Macroeconomics of Decarbonisation
- Reviews
- The Macroeconomics of Decarbonisation
- Copyright page
- Contents
- Figures
- Tables
- Boxes
- Introduction
- 1 Understanding Deep Decarbonisation over the Long Run
- 2 Understanding Decarbonisation’s Short-Term Disruptions to Economic Activity
- 3 The Distributional Effects of Climate Policy
- 4 Public Finances and Decarbonisation
- 5 Greening Innovation, Industrial and Competition Policies
- 6 Mobilising the Financial System for Decarbonisation
- 7 Decarbonisation and Labour Markets
- 8 Greening Central Banks
- Conclusions
- Index
- References
Summary
This chapter discusses the role that fiscal policy can play in the transition to a carbon-neutral economy. In other words, it discusses how to design fiscal policy, both on the revenue and on the expenditure side, to reach net zero emissions by mid-century in a credible, growth- and distribution-friendly way. Furthermore, the chapter discusses how decarbonisation is likely to impact public finances, shedding light on what change might be required in tax revenues/expenditures, and if debt sustainability risks might arise from the green transition.
- Type
- Chapter
- Information
- The Macroeconomics of DecarbonisationImplications and Policies, pp. 109 - 159Publisher: Cambridge University PressPrint publication year: 2024
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