Exiting the crisis in the right direction: A sustainable and shared prosperity plan for Europe

Spencer, Thomas and Lucas, Chancel and Emmanuel, Guerin (2012): Exiting the crisis in the right direction: A sustainable and shared prosperity plan for Europe. Published in: Idées pour le débat / Working Papers N°09/2012. No. N°09/2012.

Abstract

This paper investigates the synergies between the policy response to the European crisis and the green economy. We begin by examining the causes of the European crisis, including the potential role played by resource constraints, in particular the rise in oil prices 2004-2008. Then we develop a matrix to assess the synergies between the crisis response and the green economy. We survey the literature on three green economy instruments, namely environmental fiscal reform, green investment and environmental innovation. We then assess their coherence with and potential contribution to the current crisis response.

• Item Type: MPRA Paper
• Language: English
• Keywords: European crisis, green economy, european climate policy, environmental fiscal reform, green stimulus
• Subjects: H - Public Economics > H5 - National Government Expenditures and Related Policies > H54 - Infrastructures ; Other Public Investment and Capital Stock; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q56 - Environment and Development ; Environment and Trade ; Sustainability ; Environmental Accounts and Accounting ; Environmental Equity ; Population Growth; H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H23 - Externalities ; Redistributive Effects ; Environmental Taxes and Subsidies; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q43 - Energy and the Macroeconomy

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