Fiscal Policies for a Low-Carbon Economy
The report Fiscal policies for a low-carbon economy makes an important contribution to our understanding of which fiscal policies work best and can be a guide to policy makers as they consider the most effective ways to achieve a low-carbon future....
| Main Authors: | , , , , |
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| Language: | English |
| Published: |
World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/998821623308445356/Fiscal-Policies-for-a-Low-Carbon-Economy http://hdl.handle.net/10986/35795 |
| Summary: | The report Fiscal policies for a
low-carbon economy makes an important contribution to our
understanding of which fiscal policies work best and can be
a guide to policy makers as they consider the most effective
ways to achieve a low-carbon future. The report finds clear
evidence that green bonds can support carbon taxation by
acting as a bridge financing instrument, smoothing the path
toward a low-carbon transition and overcoming financial
market practitioners’ and governments’ short-termism. These
findings are particularly timely as governments worldwide
are looking for ways to recover and rebuild from the
devastating impacts of Coronavirus (COVID-19). Making the
right investments now through stimulus and recovery programs
can lay the foundation for a sustainable, inclusive, and
resilient recovery. |
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