Publication: Fiscal Policies for a Low-Carbon Economy

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Date
2021-06
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2021-06
Author(s)
Semmler, Willi
Braga, Joao Paulo
Lichtenberger, Andreas
Toure, Marieme
Hayde, Erin
Abstract
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.
Citation
Semmler, Willi; Braga, Joao Paulo; Lichtenberger, Andreas; Toure, Marieme; Hayde, Erin. 2021. Fiscal Policies for a Low-Carbon Economy. © World Bank, Washington, DC. http://hdl.handle.net/10986/35795 License: CC BY 3.0 IGO.
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