Fiscal Policy and Climate Change

Raúl Delgado, Huáscar Eguino and Aloisio Lopes
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Raúl Delgado: Banco Interamericano de Desarollo
Huáscar Eguino: Banco Interamericano de Desarollo
Aloisio Lopes: Banco Interamericano de Desarollo

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Abstract: This publication presents recent experiences of finance ministries in the Latin American and Caribbean region in three crucial areas of intervention where climate change issues and the responsibilities of these ministries merge. In addition, it presents key elements for designing fiscal policies that contribute to sustainable growth. The three areas are: 1) Management of economic, fiscal, and financial risks associated with extreme weather events and climate change; 2) Challenges of the transition to low-carbon economies; and 3) Reorientation of public finances so they contribute to national objectives of resilience and decarbonization. Despite the risks and challenges involved in transitioning to green economies, the publication provides evidence indicating that both economic and employment opportunities can be achieved with efficient planning and implementation.

Keywords: public sector economics; fiscal policy; public finance; pu blic expenditure; nati onal budget; green procurement; climate change; mitigation; adap tation; natural disaster s; economic development; sustainable development; resilient infrastructure (search for similar items in EconPapers)
Date: 2021-10-01
New Economics Papers: this item is included in nep-ene and nep-env
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-03371797
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Published in Interamerican development bank. 2021

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-03371797

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