Assessing Recent Climate Policy Initiatives in the

Download or read book Assessing Recent Climate Policy Initiatives in the written by Chen Chen and published by International Monetary Fund. This book was released on 2023-03-13 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.