Beschreibung:
Government support for firms and households accounts for a substantial part of national budgets. Traditional support measures for the corporate sector mostly benefit carbon-intensive sectors and dwarf new green support measures. Untargeted, across-the-board income support measures to households are not efficient because they benefit high-income households, which tend to have a larger carbon footprint. Non-standard monetary policy has taken the form of an unprecedented economic stimulus, which has mostly benefited carbon-intensive sectors. The EU must use institutional leverage to change the allocation of fiscal and monetary support