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The energy transition and fiscal policy Han Kogels

By: Kogels, Han A.
Material type: ArticleArticlePublisher: 2019Subject(s): MEDIO AMBIENTE | IMPUESTOS | POLITICA FISCAL | CAMBIO CLIMATICO | ENERGÍAS RENOVABLES | UNION EUROPEA In: EC Tax Review v. 28, n. 1, February 2019, p. 2-5Summary: The aim of the Paris Agreement of 4 November 2016, meanwhile ratified by 184 countries, is to strengthen the global response to the threat of climate change by keeping a global temperature rise this century well below 2 degrees Celsius above the pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees. In order to achieve this, a drastic energy transition "from fossil to nonfossil" is required in order to mitigate anthropogenic emissions of greenhouse gases (GHG) by the mid of this century. In this editorial the author goes into the ambitious targets the EU has set itself for reducing its GHG emissions progressively up to 2050, and makes some remarks on the consequences for fiscal policy in the EU.
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Resumen.

The aim of the Paris Agreement of 4 November 2016, meanwhile ratified by 184 countries, is to strengthen the global response to the threat of climate change by keeping a global temperature rise this century well below 2 degrees Celsius above the pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees. In order to achieve this, a drastic energy transition "from fossil to nonfossil" is required in order to mitigate anthropogenic emissions of greenhouse gases (GHG) by the mid of this century. In this editorial the author goes into the ambitious targets the EU has set itself for reducing its GHG emissions progressively up to 2050, and makes some remarks on the consequences for fiscal policy in the EU.

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