This paper provides a conceptual framework for assessing the effectiveness (strengths and weaknesses) of a green fiscal reform. Policies can be assessed along a number of non-environmental dimensions including potential for raising revenue, efficiency and distributional implications, broader economic impacts (e.g. economic growth, labor market outcomes), and political feasibility. The paper reviews a number of green fiscal reforms throughout the world through these various dimensions. This paper will be presented tomorrow by Gilbert Metcalf at the session 'D2: Measuring the effectiveness of fiscal reform'.
|