Innovation Addressing Climate Change Challenges
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Innovation Addressing Climate Change Challenges

Market-Based Perspectives

Edited by Mona Hymel, Larry Kreiser, Janet E. Milne and Hope Ashiabor

Although the world faces many environmental challenges, climate change continues to demand attention. This timely book explores ways in which market-based instruments and complementary policies can help countries meet their climate change goals. The chapters explore carbon pricing and other tax and non-tax measures, offering useful market-based perspectives that can help inform the many climate policy decisions that lie ahead.
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Chapter 11: Climate change-related action and non-productiveinvestments in the European Union

María Amparo Grau Ruiz


The innovative ‘mainstreaming approach’ for climate-related action is described and assessed, together with the ‘non-productive investments’ in the European Union. The recent European Court of Auditors’ recommendations and the European Commission’s reactions on these issues are carefully analysed. Both the European Funds and the national co-financing should provide support to promote sustainable goals in a cost-effective manner. The responsibilities to achieve this may vary for the EU and the Member States, depending on the direct or shared management mode applied. In response to the 2030 Agenda for Sustainable Development, the ‘quality’ of public spending should be improved, finding a balance between the robustness of data and the administrative effort required.

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