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Oeffentliche Finanzierung von Klima- und anderen Zukunftsinvestitionen

Author

Listed:
  • Tom Krebs

    (Universitaet Mannheim)

  • Janek Steitz

    (Agora Energiewende)

  • Patrick Greichen

    (Agora Energiewende)

Abstract

Germany needs to increase green public investment at the federal level by 30 billion Euros per year to reach its climate goals. This paper discusses how to finance the additional investments without violating the constitutional debt brake. Three financing instruments are available to the German government. The first instrument is a debt-financed capital injection for public sector companies. The second instrument consists of a direct subsidy for green private investments combined with tax breaks for green private investments. The third instrument is the use of the exemption rule of the debt brake in 2022 to provide financing of investment in the subsequent years. The paper argues that the German government can finance all its green investment needs without violating the constitutional debt brake if it makes full use of the three instruments.

Suggested Citation

  • Tom Krebs & Janek Steitz & Patrick Greichen, 2021. "Oeffentliche Finanzierung von Klima- und anderen Zukunftsinvestitionen," Working Papers 4, Forum New Economy.
    • Handle: RePEc:agz:wpaper:2104
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    File URL: https://newforum.org/wp-content/uploads/2021/11/FNE-WP04-2021.pdf
    File Function: First version, 2021
    Download Restriction: no
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    More about this item

    Keywords

    Klima; Klimaneutralitaet; oeffentliche Investitionen; oeffentlicher Finanzbedarf;
    All these keywords.

    JEL classification:

    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L95 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Gas Utilities; Pipelines; Water Utilities
    • L98 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Government Policy
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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