EconPapers    
Economics at your fingertips  
 

The European Green Deal — More Than Climate Neutrality

Sarah Wolf (), Jonas Teitge (), Jahel Mielke (), Franziska Schütze () and Carlo Jaeger ()
Additional contact information
Sarah Wolf: Global Climate Forum e.V.
Jonas Teitge: Global Climate Forum e.V.
Jahel Mielke: Global Climate Forum e.V.
Franziska Schütze: German Institut for Economic Research (DIW Berlin)
Carlo Jaeger: Arizona State University

Intereconomics: Review of European Economic Policy, 2021, vol. 56, issue 2, 99-107

Abstract: Abstract The European Green Deal aims at climate neutrality for Europe by 2050, implying a significant acceleration of emission reductions. To gain the necessary support, it needs to reduce regional and social inequalities in Europe. We present objectives in terms of jobs, growth and price stability to complement the emission reduction targets and sketch a proof-of-concept investment profile for reaching these goals. Substantial additional annual public investments, of about 1.8% of pre-COVID-19 GDP, are proposed for the next decade. Their allocation includes retrofitting the European building stock, consciously fostering a renewal of the European innovation system as well as complementary measures in the fields of education and health. The scenario outlined in this article is meant as an input to the urgently needed discussion on how the European Green Deal can shift the EU economy to a new development path that realises a carbon-neutral Europe by 2050 while strengthening European cohesion.

Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s10272-021-0963-z Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:intere:v:56:y:2021:i:2:d:10.1007_s10272-021-0963-z

Ordering information: This journal article can be ordered from
http://link.springer.de/orders.htm

DOI: 10.1007/s10272-021-0963-z

Access Statistics for this article

Intereconomics: Review of European Economic Policy is currently edited by Christian Breuer

More articles in Intereconomics: Review of European Economic Policy from Springer, ZBW - Leibniz Information Centre for Economics, Centre for European Policy Studies (CEPS)
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2024-01-11
Handle: RePEc:spr:intere:v:56:y:2021:i:2:d:10.1007_s10272-021-0963-z