Assessing Recent Climate Policy Initiatives in the Netherlands: NETHERLANDS

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

Volume/Issue: Volume 2023 Issue 022

Publication date: March 2023

ISBN: 9798400235849

$15.00

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Topics covered in this book

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Money and Monetary Policy , International - Economics , Industries - Energy , Environmental Economics , Environmental Conservation and Protection , Natural Disasters , Public Policy- Environmental Policy , Carbon levy , carbon pricing , climate change adaptation , climate change mitigation , emissions trading system , energy taxes , floods , green PFM , Netherlands climate strategy , price floor , sea-level rise , policy initiative , adaption initiatives in the Netherlands , Policy recommendation , C , assessing climate risk , Climate change , Natural disasters , Climate policy , Greenhouse gas emissions , Natural gas sector , Northern Europe , Global

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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.