Climate Change Implications for the Public Finances and Fiscal Policy: An Agenda for Future Research and Filling the Gaps in Scholarly Work

Climate change will pose a major challenge for humanity in future decades. Central to the policy debate are its implications for the public finances and the conduct of fiscal policy more generally. This editorial outlines the budgetary effects, the regulatory and standard-setting challenges, interna...

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Main Authors: de Mello Luiz, Martinez-Vazquez Jorge
Format: Article
Language:English
Published: De Gruyter 2022-04-01
Series:Economics: Journal Articles
Subjects:
Online Access:https://doi.org/10.1515/econ-2022-0026
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author de Mello Luiz
Martinez-Vazquez Jorge
author_facet de Mello Luiz
Martinez-Vazquez Jorge
author_sort de Mello Luiz
collection DOAJ
description Climate change will pose a major challenge for humanity in future decades. Central to the policy debate are its implications for the public finances and the conduct of fiscal policy more generally. This editorial outlines the budgetary effects, the regulatory and standard-setting challenges, internal governmental organisational changes, and the resource reallocation implications of policies to control climate change and their efficient implementation. The scope for further work – both theoretical and empirical – to bridge existing gaps in the related economics literature is then discussed. Finally, the editorial outlines research questions and first steps on an agenda for policy-relevant research.
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spelling doaj.art-aff4cba2f641437d8e6514cc9860c7a42023-01-19T13:20:27ZengDe GruyterEconomics: Journal Articles1864-60422022-04-0116119419810.1515/econ-2022-0026Climate Change Implications for the Public Finances and Fiscal Policy: An Agenda for Future Research and Filling the Gaps in Scholarly Workde Mello Luiz0Martinez-Vazquez Jorge1Economics Department, OECD. 2, Rue André Pascal, Paris 75775 Cedex 16, Paris, FranceInternational Center for Public Policy, Georgia State University, Atlanta, USAClimate change will pose a major challenge for humanity in future decades. Central to the policy debate are its implications for the public finances and the conduct of fiscal policy more generally. This editorial outlines the budgetary effects, the regulatory and standard-setting challenges, internal governmental organisational changes, and the resource reallocation implications of policies to control climate change and their efficient implementation. The scope for further work – both theoretical and empirical – to bridge existing gaps in the related economics literature is then discussed. Finally, the editorial outlines research questions and first steps on an agenda for policy-relevant research.https://doi.org/10.1515/econ-2022-0026climate changefiscal policyregulationresourcesinter-governmental coordinationmethodologyresearch agenda
spellingShingle de Mello Luiz
Martinez-Vazquez Jorge
Climate Change Implications for the Public Finances and Fiscal Policy: An Agenda for Future Research and Filling the Gaps in Scholarly Work
Economics: Journal Articles
climate change
fiscal policy
regulation
resources
inter-governmental coordination
methodology
research agenda
title Climate Change Implications for the Public Finances and Fiscal Policy: An Agenda for Future Research and Filling the Gaps in Scholarly Work
title_full Climate Change Implications for the Public Finances and Fiscal Policy: An Agenda for Future Research and Filling the Gaps in Scholarly Work
title_fullStr Climate Change Implications for the Public Finances and Fiscal Policy: An Agenda for Future Research and Filling the Gaps in Scholarly Work
title_full_unstemmed Climate Change Implications for the Public Finances and Fiscal Policy: An Agenda for Future Research and Filling the Gaps in Scholarly Work
title_short Climate Change Implications for the Public Finances and Fiscal Policy: An Agenda for Future Research and Filling the Gaps in Scholarly Work
title_sort climate change implications for the public finances and fiscal policy an agenda for future research and filling the gaps in scholarly work
topic climate change
fiscal policy
regulation
resources
inter-governmental coordination
methodology
research agenda
url https://doi.org/10.1515/econ-2022-0026
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