Publication: Fiscal Policies for a Low-Carbon Economy
Date
2021-06
ISSN
Published
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.”