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EU Economic Governance and the Climate Crisis

Anne-Laure Delatte
CESifo, Munich, 2023

EconPol Forum 24 (4), 57-60
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  • Government support for firms and households accounts for a substantial part of national budgets
  • Traditional support measures for the corporate sector mostly benefit carbon-intensive sectors and dwarf new green support measures
  • Untargeted, across-the-board income support measures to households are not efficient because they benefit high-income households, which tend to have a larger carbon footprint
  • Non-standard monetary policy has taken the form of an unprecedented economic stimulus, which has mostly benefited carbon-intensive sectors
  • The EU must use institutional leverage to change the allocation of fiscal and monetary support

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