{"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":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Pekanov, A.<\\\/span><span>, &amp; Schratzenstaller, M.<\\\/span> (2023). <span>Options to Align the EU Fiscal Framework to Green Public Investment Needs<\\\/span>. <span><em>WIFO Research Briefs<\\\/em><\\\/span>, (2).<\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Pekanov A<\\\/span><span>, Schratzenstaller M<\\\/span>. <span class=\\\"title\\\"><span>Options to Align the EU Fiscal Framework to Green Public Investment Needs<\\\/span><\\\/span>. <span>WIFO Research Briefs<\\\/span>. 2023 Feb;(2).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{325ebe6ee66e4753a8cbc4726fa981ea,<\\\/div><div>  title    = \\\"Options to Align the EU Fiscal Framework to Green Public Investment Needs\\\",<\\\/div><div>  abstract = \\\"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.\\\",<\\\/div><div>  keywords = \\\"EU fiscal framework, EU fiscal rules, green golden rule, green public investment, EU Climate Fund\\\",<\\\/div><div>  author   = \\\"Atanas Pekanov and Margit Schratzenstaller\\\",<\\\/div><div>  note     = \\\"Options to Align the EU Fiscal Framework to Green Public Investment Needs\\\",<\\\/div><div>  year     = \\\"2023\\\",<\\\/div><div>  month    = feb,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Research Briefs\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Options to Align the EU Fiscal Framework to Green Public Investment Needs<\\\/p><p>AU  - Pekanov, Atanas<\\\/p><p>AU  - Schratzenstaller, Margit<\\\/p><p>N1  - Options to Align the EU Fiscal Framework to Green Public Investment Needs<\\\/p><p>PY  - 2023\\\/2<\\\/p><p>Y1  - 2023\\\/2<\\\/p><p>N2  - 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.<\\\/p><p>AB  - 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.<\\\/p><p>KW  - EU fiscal framework<\\\/p><p>KW  - EU fiscal rules<\\\/p><p>KW  - green golden rule<\\\/p><p>KW  - green public investment<\\\/p><p>KW  - EU Climate Fund<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO Research Briefs<\\\/p><p>JF  - WIFO Research Briefs<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","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 v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Options to Align the EU Fiscal Framework to Green Public Investment Needs - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/48367\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Options to Align the EU Fiscal Framework to Green Public Investment Needs\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/48367\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-20T12:20:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/48367\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/48367\\\/\",\"name\":\"Options to Align the EU Fiscal Framework to Green Public Investment Needs - 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