Economic growth and environmental objectives: An evaluation based on 2021–2027 cohesion policy regional data

Tryfonas Christou, Abián García-Rodríguez, Tillmann Heidelk, Nicholas-Joseph Lazarou, Philippe Monfort and Simone Salotti

Journal of Policy Modeling, 2026, vol. 48, issue 1, 1-22

Abstract: The 2021–2027 cohesion policy programme is required to deliver on the European Union’s green transition priority facilitating reaching net zero emissions by 2050. Our analysis shows that green investments under this policy are expected to have a positive impact on GDP and employment, particularly in less developed regions. These investments can help reduce the costs of the transition, and also have the potential to reduce greenhouse gas emissions. However, cohesion policy alone cannot drive the transition and additional instruments and actions should be put in place to support all European territories.

Keywords: Cohesion policy; regional growth; regional disparities; general equilibrium; European Green Deal; green transition; twin transition (search for similar items in EconPapers)
JEL-codes: C68 Q58 R13 (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:48:y:2026:i:1:p:1-22

DOI: 10.1016/j.jpolmod.2025.04.003

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