The Role of Environmental Protection Expenditures in the Green Transition of EU Countries

Sonia Chipeva (), Vania Ivanova and Nikolay Velichkov ()
Additional contact information
Sonia Chipeva: University of National and World Economy

A chapter in Eurasian Business and Economics Perspectives, 2024, pp 305-320 from Springer

Abstract: Abstract Idea of fiscal stimulus by governments and EU funding in Member States’ economies is to support the process of restructuring and decarburization of economies, to promote thier adaptation to climate change, without undermining fiscal stability. The objective of this study is to analyze the dynamics and structure of environmental protection expenditure in EU countries in the context of the economy ecological transformation. Similarities and differences between EU States in terms of environmental protection expenditure have been examined based on cluster analysis. Several groups of countries homogeneous by the size, dynamics and structure of environmental protection expenditure have been identified based on a set of key indicators. Identified clusters directly reflect the differences of the environmental policies implemented in member states and thus indicate the different intensity of greening in the countries. Relationship between the expenditures and reduction of GHG emissions is analyzed. Results show that public policies in EU countries can be a valuable tool for transition to green economy, but they should not undermine the fiscal sustainability of the EU. Environmental policy is expected to be a catalyst predominantly for private investment and the companies to be the major driving force of the green transition.

Keywords: National expenditure on environmental protection; Ecological transformation; European Green Pact; EU; GHG emissions; Cluster analysis (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:eurchp:978-3-031-69237-6_17

Ordering information: This item can be ordered from
http://www.springer.com/9783031692376

DOI: 10.1007/978-3-031-69237-6_17

Access Statistics for this chapter

More chapters in Eurasian Studies in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().