Selected Issues Papers

Assessing Recent Climate Policy Initiatives in the Netherlands: NETHERLANDS

Author/Editor:

Chen Chen ; Koralai Kirabaeva ; Emanuele Massetti ; Danielle N Minnett ; Ian W.H. Parry ; Tim Tjeerd ; Sylke von Thadden-Kostopoulos ; Geoffroy Dolphin

Publication Date:

March 13, 2023

Electronic Access:

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Summary:

The Netherlands has committed to the EU’s ambitious targets for cutting greenhouse gas emissions by 2030 and emissions neutrality in 2050 but at the same time is also vulnerable to sea-level rise and flood risks. This paper reviews recent mitigation policy initiatives in the Netherlands, including carbon levies for the industry and power sectors, energy and car tax reforms, and air passenger taxes, and recommends some modifications to these initiatives. The paper also provides assessments of hazards and macroeconomic risks from weather shocks and climate change and assesses the adaption plan against key principles on mainstream climate change into macro-fiscal planning.

Series:

Selected Issues Paper No. 2023/022

Subject:

Climate change Climate policy Economic sectors Environment Greenhouse gas emissions International organization Monetary policy Natural disasters Natural gas sector

Frequency:

Regular