Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 12, 2022 erstellt
Description:
We perform a cost-benefit analysis of the green investments contained in the Italian National Recovery and Resilience Plan (NRRP). We compute the future discounted benefits in terms of expected emission reductions using various estimates of the Social Cost of Carbon, and compare them with the investment cost. Our results suggest that several projects would not have a positive net present value, unless policymakers are willing to use relatively low discount rates and give higher weight to benefits accruing to developing countries. The fact that investments under the NRRP are financed via long-term debt helps in bridging the gap between costs and benefits. Investments in renewable energy are an exception, as their benefits outweigh the cost within a short time-frame