The rocky road to greening EU financial policy
Environmental spending could soon be given special status under EU budgetary rules, but we need to talk more about the details and cost of a just transition
Almost every sector of the economy is coming to terms with new environmental obligations. People are becoming more and more attuned to the effect of their own carbon footprint. Climate protests are taking place worldwide. In response, governments are starting to act. Without proper public investment, however, that action will mean little.
The European Fiscal Board (EFB), an independent advisory body of the European Commission, recently released its annual report. It specifically referred to climate ...