The green transition and public finances
The need to mitigate climate change has never been more urgent. Stéphane Dees and Caterina Seghini discuss balancing climate mitigation and fiscal sustainability
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Carbon tax
Carbon pricing and inflation
Carbon pricing initiatives have mushroomed in the last two decades. Daniel Santabárbara and Marta Suárez-Varela evaluate the impact of emissions trading and carbon tax on inflation
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Re-energising Europe’s global green reach
Giovanni Sgaravatti, Simone Tagliapietra and Cecilia Trasi argue that the EU’s green reach strategy will need to use a broad range of levers to build equitable partnerships that will help partners make deeper emissions cuts
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Carbon leakage and international cooperation
Climate change is a collective action problem that requires substantial international cooperation. Christofer Schroeder and Livio Stracca present new evidence that carbon taxes are undermined by ‘leakage’
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Tax for climate finance should start with shipping
Pascal Saint-Amans argues that emissions from international shipping are the most realistic target for taxes to pay for climate spending in developing countries
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The economic effects of carbon pricing
Carbon pricing policies are critical tools to mitigate the effects of climate change. Diego Känzig and Maximilian Konradt examine the impact of European carbon pricing policies, contrasting the common carbon market with national carbon taxes
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Carbon trade-offs: how firms respond to emissions controls
Regulatory efforts to control carbon emissions are intensifying around the world. Maria Cecilia Bustamante and Francesca Zucchi examine the effects of carbon pricing mechanisms on businesses
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Fostering a sustainable digital transformation
Abeliansky et al discuss the two side effects of automation – increased inequality and a rise in carbon emissions – and propose a policy response to deal with both problems
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How will higher carbon prices affect growth and inflation?
Carbon pricing is a central instrument in the EU’s fight against climate change. Claus Brand, Günter Coenen, John Hutchinson and Arthur Saint Guilhem use macroeconomic models examine what higher prices for carbon emissions will do to growth and inflation
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Climate versus trade?
Reconciling international subsidy rules with industrial decarbonisation. David Kleimann argues that environmental subsidies could be justified
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