The European Union faces several interlinked challenges: how to protect the environment and enhance sustainability; how to reduce unemployment and enhance competitiveness in the context of growing globalization; how to reduce regional disparities among and within member countries.
The recent policy debate has revealed that such objectives are not a trade off, provided they are tackled in concert. In particular, win-win policy options are available to the EU, given an appropriate integration of regulation, macro-policy, social policy, fiscal policy and environmental policy. The evidence shows that an optimization of each single policy will not meet the needs of the EU. But an integrated approach would allow the implementation of a genuine sustainable development policy.
This book discusses the most recent results available on the green tax reform and the double dividend hypothesis. The first part is devoted to theoretical analysis, and the second provides empirical results.
Preface; D. Siniscalco. Introduction; C. Carraro, D. Siniscalco.Part I: TheoreticalApproaches to Environmental Fiscal Reforms. Environmental Taxation and the Double-Dividend: the Role of Factor Substitution and Capital Mobility; A.L. Bovenberg. Shifting Taxes from Value Added to Material Inputs; R. Repetto. Environmental Taxation and Employment in a Multi-Sector General Equilibrium Model; C. Carraro, A. Soubeyran. Environmental Policy, Tax Incidence and the Cost of Public Funds; J.Ligthart, F. van der Ploeg. Environmental Policy, Worker Moral Hazard and the Double Dividend Issue; J. Starnd.Part II: EmpiricalAssessments of Environmental Fiscal Reforms. Labour Market Institutions and the Double Dividend Hypothesis: An Application of the WARM Model; G. Brunello. The Double Dividend Hypothesis, Environmental Benefits and the International Coordination of Recycling Strategies; S. Proost, D. van Regemorter. Double Dividend Analysis: First Results of a General Equilibrium Model (GEM-E3) Linking the EU-12 Countries; P. Capros, et al. Employment, Wage Formation and Pricing in the European Union: Empirical Modelling of Environmental Tax Reform; T. Barker, B. Gardiner.