000			02611nam a22003617u 4500
001			pwiiw6425
003			OSt
005			20260518120037.0
008			230116t2023 au ||||| |||| 00| ||eng d
040			_cOSt
041			_aeng
084			_aH54 _aH63 _aR42 _2jelc
100	1		_aHeimberger, Philipp
245	1	0	_aRRF 2.0: A Permanent EU Investment Fund in the Context of the Energy Crisis, Climate Change and EU Fiscal Rules
260			_aWien : _bWiener Institut für Internationale Wirtschaftsvergleiche (wiiw), _c2023.
300			_a25 S., _b _c30cm.
490	1		_awiiw Policy Notes and Reports _v63
520			_aWhile climate change has long called for a green shift in our economies, the current energy crisis leads to an increased urgency when it comes to transforming the energy and transportation systems. The Recovery and Resilience Facility (RRF), which was adopted to support recovery from the Covid-19 crisis, represents the first large-scale EU-wide investment initiative, including decarbonisation goals. Yet temporary RRF spending will not be sufficient to meet the climate targets in the coming decades, which will require additional public investment equivalent to at least 1% of EU economic output per year. Nor would the reform of EU fiscal rules under consideration enable a sufficient increase in public investment at the national level. What is needed is the establishment of a permanent EU climate and energy investment fund amounting to at least 1% of EU economic output to finance public investment, which could greatly enhance European sovereignty when it comes to ensuring strategic investment at the required scale. National budgets of EU member states would be substantially relieved, allowing governments to take an important step in the green transition while making it more realistic to comply with EU fiscal rules. Investment could also be increasingly directed toward genuinely European projects with EU added value. Such a permanent EU investment fund for climate and energy would not only strengthen the community of EU member states economically and politically from within, but also promote its geostrategic capacity to act.
650			_aInvestitionen
650			_aEU
650			_aEuropa
650			_aKlimawandel
650			_aEnergiekrise
650			_aFinanzierung
650			_aRRF 2.0
651			_aAustria
651			_aEuropean Union
690			_aMacroeconomic Analysis and Policy
700	1		_aLichtenberger, Andreas
830		0	_v63 _wWIIW0000092 _twiiw Policy Notes and Reports
856	4	0	_uhttps://wiiw.ac.at/p-6425.html
942			_cP
999			_c8987 _d8987