Combining the results from the three policy studies, the brief discusses the European Union’s investment needs to limit global warming to 1.5°C above pre-industrial levels as well as two funding options to raise the revenues for the direct provision of green infrastructure. With regards to the investment needs, the analysis concludes that the European Commission’s modelling of required investment needs is overly optimistic as the EU faces an investment gap of €11,670 to €16,320 billion between 2020 and 2050.
To close this investment gap two funding options are explored. The first option is a European wealth tax. A progressive European wealth tax has the potential to raise revenues of between €164 billion and €357 billion annually, while not increasing inflationary and Covid-related pressures on low- and middle-income households. A wealth tax can also reduce extreme levels of wealth inequality and build administrative capacities to fight corruption and organised crime.
The second policy option consists of issuing government bonds. This option can raise revenues instantly and will generate a significant economic impulse. This policy brief estimates a long-run investment multiplier of 5 for a co-ordinated fiscal expansion at the EU level. The magnitude of the multiplier also means that public finances will improve in the long term.
Dive into the insightful analysis published in IPS Journal by Tom Theuns, Assist. Prof at Leiden University, and László Andor, FEPS Secretary General, examining the Dutch election results and the conclusions that need to be drawn for a successful EU Integration
Just Transition: A new social contract for wellbeing of people and planet
by Euractiv 11/07/2023
Euractiv's article ahead of the high-level expert meeting on Just Transition in Valladolid, organized by FEPS, Solidar, and other think tanks and civil society organizations.
A szmogtól és a mikroműanyagoktól rettegő magyarok akkor vehetők rá a zöldítésre, ha egyénileg jól járnak
by Qubit 22/05/2023
'Hungarians who fear smog and microplastics can be persuaded to go green if they are doing well individually' article about FEPS policy study 'Talking green in Hungary'Hungary', in collaboration with Friedrich-Ebert-Stiftung and Policy Solutions
Magyarországon már kínos lett a “rezsicsökkentés”
by Népszava 22/05/2023
'"Utility reduction" has already become embarrassing in Hungary' Népszava article about FEPS policy study 'Talking green in Hungary', in collaboration with Friedrich-Ebert-Stiftung and Policy Solutions
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