New Perspectives Regarding the Future of European Environmental Policy With Particular Regard of the Taxation Aspects

Abstract: The European Union’s response to cushion the economic shock is divided into two parts, given the separation of competences at EU and nation state level. The global economy is increasingly recovering from the Corona crisis, but its effects continue to shape economic development. At the same time, the profound transformation towards a climate-neutral and digital economy must be shaped. National measures and strategies must be developed in the European and global context to effectively meet the challenges. Education over the entire life cycle should be strengthened. Accelerated digitalization offers great potentials that need to be leveraged. Sustainability must be ensured in various dimensions. International cooperation is crucial for successful climate protection. Higher private and public investments must be mobilized for transformation and increased productivity. In all of this, fiscal sustainability must be ensured.

Key words: circular economy, climate protection, fiscal sustainability, climate-damaging subsidies, environmental taxation, EU fiscal union

JEL codes: K340