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The implications of fiscal measures to address climate change

Steffen Osterloh ()

Economic Bulletin Boxes, 2020, vol. 2

Abstract: This box assesses the impact of fiscal measures to address climate change on growth and inflation over the March 2020 ECB staff projection horizon. Policies to reduce greenhouse gas emissions in the EU comprise: (a) the EU Emissions Trading System (ETS) and (b) national measures in sectors which are not covered by the ETS. Overall, the baseline assumes some impact of climate measures on prices related to the German climate package, while the assumed impact of measures in other countries is limited. JEL Classification: E3, Q58, E62

Keywords: climate change; climate policies; Economics forecast; fiscal policy (search for similar items in EconPapers)
Date: 2020-03
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Handle: RePEc:ecb:ecbbox:2020:0002:4