- Research Handbooks in Environmental Law series
Edited by Geert Van Calster, Wim Vandenberghe and Leonie Reins
Chapter 24: Climate finance in the European Union: domestic and international challenges
This contribution focuses on the most important policies, pathways and challenges involved in the EU’s domestic and international climate finance efforts. Domestically, a key challenge is to find the ‘right’ incentives to mobilize public and private finance, ranging from market mechanisms (the EU ETS), to investment choices made on the basis of voluntary agreements, efforts to change consumption patterns (e.g. eco-labelling), subsidies, taxation, command-and-control, and budget mainstreaming (non-ETS). Internationally, one of the obstacles is the absence of a commonly agreed definition of ‘new and additional resources’, and related accounting and transparency issues. In the EU, much is expected from a mix of well-crafted policies and increased public finance, which would be able to catalyze private investment as the central pathway of the (domestic and global) low-carbon transition.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.