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Assessing Recent Climate Policy Initiatives in the Netherlands: NETHERLANDS
Author: Chen Chen, Koralai Kirabaeva1, Emanuele Massetti, Danielle N Minnett, Ian W.H. Parry2, Tim Tjeerd, Sylke von Thadden-Kostopoulos, and Geoffroy Dolphin
  • 1 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
  • | 2 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
Series:
Selected Issues Papers
Volume/Issue:
Volume 2023: Issue 022
Language:
English
Publication Date:
13 Mar 2023
DOI:
https://doi.org/10.5089/9798400235849.018
ISBN:
9798400236020
ISSN:
2958-7875
Pages:
43
Keywords:
Carbon levy; carbon pricing; climate change adaptation; climate change mitigation; emissions trading system; energy taxes; floods; green PFM; Netherlands climate strategy; price floor; sea-level rise; policy initiative; adaption initiatives in the Netherlands; Policy recommendation; C. assessing climate risk; Climate change; Natural disasters; Climate policy; Greenhouse gas emissions; Natural gas sector; Northern Europe; Global
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IMF Selected Issues Papers are prepared by IMF staff as background documentation for periodic consultations with member countries. It is based on the information available at the time it was completed.
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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.
Cover Selected Issues Papers
Selected Issues Papers
Publisher:
International Monetary Fund