| Title | The Greening Of The Economic And Monetary Union |
|---|---|
| ID_Doc | 63923 |
| Authors | Steinbach, A |
| Title | The Greening Of The Economic And Monetary Union |
| Year | 2022 |
| Published | Common Market Law Review, 59, 2 |
| Abstract | All pillars of the Economic and Monetary Union (EMU) have unleashed an array of measures to transform the economy towards climate neutrality. With the Green Deal, the strategy review of the European Central Bank (ECB), and the growing body of sustainable finance legislation, climate considerations have entered the traditional mandates governing the conduct of financial, fiscal, and monetary policy. The cross-sectional nature of climate issues reinforces the interdependence and coordination of EMU policies. This article explores changes to EMU architecture and discusses the institutional and legal implications of the novel role of climate in the coordination of EMU policies. It addresses the relationship between Treaty mandate and policy leeway, specifically the way in which the ECB extends its focus on price stability to account for climate considerations and the fiscal legal framework relies on flexibility to incentivize climate investment. It also tracks the emergence of climate stability as an EMU concept, adding to existing concepts of price, fiscal and financial stability. |
Similar Articles
| ID | Score | Article |
|---|---|---|
64090
|
Calliess, C; Tuncel, E The Role of Article 11 TFEU in the Greening of the ECB's Monetary Policy(2023)German Law Journal, 24, 5 | |
| 65076
|
Stilinovic, AV The Eu Climate Objectives And The Legal Mandate Of The European Central Bank(2023) | |
| 62953
|
Oberthür, S; von Homeyer, I From emissions trading to the European Green Deal: the evolution of the climate policy mix and climate policy integration in the EU(2023)Journal Of European Public Policy, 30, 3 | |
| 63247
|
Dupont, C; Moore, B; Boasson, EL; Gravey, V; Jordan, A; Kivimaa, P; Kulovesi, K; Kuzemko, C; Oberthür, S; Panchuk, D; Rosamond, J; Torney, D; Tosun, J; von Homeyer, I Three decades of EU climate policy: Racing toward climate neutrality?(2024)Wiley Interdisciplinary Reviews-Climate Change, 15, 1 | |
| 63396
|
de las Heras, BP European Climate Law(s): Assessing the Legal Path to Climate Neutrality(2021)Romanian Journal Of European Affairs, 21, 2 | |
| 63052
|
Skjærseth, JB Towards a European Green Deal: The evolution of EU climate and energy policy mixes(2021)International Environmental Agreements-Politics Law And Economics, 21, 1 | |
| 63857
|
de las Heras, BP The 'Fit for 55' Package: Towards a More Integrated Climate Framework in the EU(2022)Romanian Journal Of European Affairs, 22, 2 | |
| 63780
|
Buhart, J; Henry, D Think Green Before You Apply: EU Competition Law and Climate-Change Abatement(2021)World Competition, 44, 2 | |
| 63286
|
Viola, P Towards The European Climate Law: Scientific Assessments And The Future Legal Approaches Of The Eu Member States(2021) | |
| 62976
|
Popova, I Systematization and Classification of the European Union's policy Instruments for the Implementation of the Green Deal(2021)Vestnik Mezhdunarodnykh Organizatsii-International Organisations Research Journal, 16, 4 |