Green Fiscal Reforms : Part Two of Strengthening Inclusion and Facilitating the Green Transition
In the post-pandemic world, EU member states will need to embrace two simultaneous challenges. These will include recovering from the COVID-19 pandemic and embracing the ambitions of the European Green Deal, which maps out broad policies aimed at a...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English |
| Published: |
Washington, DC
2022
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/099210004132242573/P174922043ab8602d09ef10d86a66786dda http://hdl.handle.net/10986/37308 |
| id |
okr-10986-37308 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-373082022-04-15T05:10:37Z Green Fiscal Reforms : Part Two of Strengthening Inclusion and Facilitating the Green Transition World Bank EU INCLUSION EUROPEAN GREEN DEAL COVID-19 RECOVERY PANDEMIC RECOVERY ACHIEVING CARBON NEUTRALITY GREEN FISCAL REFORMS CARBON TAXES GREEN PUBLIC INVESTMENT FOSSIL FUEL SUBSIDIES POST-PANDEMIC CHALLENGES In the post-pandemic world, EU member states will need to embrace two simultaneous challenges. These will include recovering from the COVID-19 pandemic and embracing the ambitions of the European Green Deal, which maps out broad policies aimed at achieving carbon neutrality by 2050 and reducing emissions by 55 percent by 2030. Compared to the emissions reduction achieved during 1990–2018 by the EU27 countries, the 2018–30 target is 50 percent more ambitious and is to be achieved in a third of the time. Meanwhile, the emissions reduction planned during 2030–50 will be even steeper. The transition in some EU countries will be particularly challenging, given their high energy intensity, significant dependence on fossil fuels for power generation and an increasing and environmentally unfriendly transport fleet. In addition, households will need to be supported in the transition, to avoid a substantial share of the population being adversely affected. 2022-04-14T21:32:01Z 2022-04-14T21:32:01Z 2022 Report http://documents.worldbank.org/curated/en/099210004132242573/P174922043ab8602d09ef10d86a66786dda http://hdl.handle.net/10986/37308 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Report Publications & Research Europe and Central Asia European Union |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
EU INCLUSION EUROPEAN GREEN DEAL COVID-19 RECOVERY PANDEMIC RECOVERY ACHIEVING CARBON NEUTRALITY GREEN FISCAL REFORMS CARBON TAXES GREEN PUBLIC INVESTMENT FOSSIL FUEL SUBSIDIES POST-PANDEMIC CHALLENGES |
| spellingShingle |
EU INCLUSION EUROPEAN GREEN DEAL COVID-19 RECOVERY PANDEMIC RECOVERY ACHIEVING CARBON NEUTRALITY GREEN FISCAL REFORMS CARBON TAXES GREEN PUBLIC INVESTMENT FOSSIL FUEL SUBSIDIES POST-PANDEMIC CHALLENGES World Bank Green Fiscal Reforms : Part Two of Strengthening Inclusion and Facilitating the Green Transition |
| geographic_facet |
Europe and Central Asia European Union |
| description |
In the post-pandemic world, EU member
states will need to embrace two simultaneous challenges.
These will include recovering from the COVID-19 pandemic and
embracing the ambitions of the European Green Deal, which
maps out broad policies aimed at achieving carbon neutrality
by 2050 and reducing emissions by 55 percent by 2030.
Compared to the emissions reduction achieved during
1990–2018 by the EU27 countries, the 2018–30 target is 50
percent more ambitious and is to be achieved in a third of
the time. Meanwhile, the emissions reduction planned during
2030–50 will be even steeper. The transition in some EU
countries will be particularly challenging, given their high
energy intensity, significant dependence on fossil fuels for
power generation and an increasing and environmentally
unfriendly transport fleet. In addition, households will
need to be supported in the transition, to avoid a
substantial share of the population being adversely affected. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Green Fiscal Reforms : Part Two of Strengthening Inclusion and Facilitating the Green Transition |
| title_short |
Green Fiscal Reforms : Part Two of Strengthening Inclusion and Facilitating the Green Transition |
| title_full |
Green Fiscal Reforms : Part Two of Strengthening Inclusion and Facilitating the Green Transition |
| title_fullStr |
Green Fiscal Reforms : Part Two of Strengthening Inclusion and Facilitating the Green Transition |
| title_full_unstemmed |
Green Fiscal Reforms : Part Two of Strengthening Inclusion and Facilitating the Green Transition |
| title_sort |
green fiscal reforms : part two of strengthening inclusion and facilitating the green transition |
| publisher |
Washington, DC |
| publishDate |
2022 |
| url |
http://documents.worldbank.org/curated/en/099210004132242573/P174922043ab8602d09ef10d86a66786dda http://hdl.handle.net/10986/37308 |
| _version_ |
1764486917670305792 |