Can a European wealth tax close the green investment gap?

نویسندگان

چکیده

This paper analyses the European Commission's assessment of investment needs as implied by EU's Paris commitment. We find that official estimates green gap until 2050 are likely to seriously understate actual required. Against this backdrop, we assess potential a wealth tax close gap. In doing so, first provide detailed estimate distribution across 22 EU member countries and then develop microsimulation model for recurring taxes in these countries. The is based on household survey data from HFCS, but compensates missing observations at top means Pareto model. Taking different designs into account, generally substantial revenue could contribute significantly closing currently existing gaps. also compensating ‘missing rich’ essential sensibly evaluating progressive designs.

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ژورنال

عنوان ژورنال: Ecological Economics

سال: 2023

ISSN: ['0921-8009', '1873-6106']

DOI: https://doi.org/10.1016/j.ecolecon.2023.107849