{"id":48367,"date":"2023-11-20T15:37:03","date_gmt":"2023-11-20T14:37:03","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/options-to-align-the-eu-fiscal-framework-to-green-public-investment-needs\/"},"modified":"2024-04-20T14:20:27","modified_gmt":"2024-04-20T12:20:27","slug":"options-to-align-the-eu-fiscal-framework-to-green-public-investment-needs","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/48367\/","title":{"rendered":"Options to Align the EU Fiscal Framework to Green Public Investment Needs"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-48367","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The necessary green transition in the EU requires substantial additional green public investment (GPI) by Member States throughout this decade and beyond. This briefing paper discusses four approaches for a reform of EU fiscal rules to better accommodate higher (debt-financed) GPI: first, an exemption clause for GPI; second, the implementation of a green golden rule; third, a country-specific benchmark share of government expenditures dedicated to GPI recommended by the European Commission; and fourth, an EU Climate Fund. We also discuss these options in relation to the recent Commission proposal from November 2022.","onlinedate":"2023-02-17 12:00:00","lang":"English","publication_series":"","publication_date":"20230201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"10","keywords":"[\"EU fiscal framework\",\"EU fiscal rules\",\"green golden rule\",\"green public investment\",\"EU Climate Fund\"]","jelcodes":"[\"E61\",\"H54\",\"H6\",\"H87\"]","related_publications":"[\"e54d05c0-5aa7-4b3a-b390-5ba3a4cd7fb0\"]","pdf":255568,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"2","journal":"WIFO Research Briefs","publisher":"","invisible":false,"external":false,"embargo_date":"2023-02-17 12:00:00","types":[44390],"research_groups":[3500],"collaboration":"","persons":[3497,3830],"persons_data":"[{\"personId\":3497,\"personName\":\"Atanas Pekanov\",\"organisationNames\":[]},{\"personId\":3830,\"personName\":\"Margit Schratzenstaller\",\"organisationNames\":[]}]","clients":[10718],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[\"Schobert Cornelia\"]","scientific_review":"[\"Ederer Stefan\",\"External\"]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.5 (Yoast SEO v26.5) - 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