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Greening Europe: 2022 European Public Investment Outlook - cover image


Floriana Cerniglia; Francesco Saraceno




  • English


Paperback178 x 254 mm (7" x 10")
Hardback178 x 254 mm (7" x 10")


  • K
  • KFFM
  • 1QFE
  • RND


  • BUS036000
  • BUS032000
  • BUS051000
  • POL044000


  • European Public Investment Outlook
  • public investment
  • green ventures
  • international organizations
  • International Monetary Fund
  • European Investment Bank
  • European Commission
  • academic departments
  • policy institutes
  • economy
  • sustainable path

    Greening Europe

    2022 European Public Investment Outlook

    The third installment of the ‘European Public Investment Outlook’ series is an important and timely publication that draws together recent analyses to recommend significant increases in public investment in green ventures. Compelling data from key economists affiliated with international organizations like the International Monetary Fund, European Investment Bank and the European Commission, as well as academic departments and policy institutes are a clarion call for green investment to boost the economy and put the planet on a sustainable path.

    Like its predecessors, the book presents the issues in a lucid and navigable manner. Part I explores the EU’s current levels of green public investment, as well as the challenges ahead in achieving net zero carbon emissions after years of decreasing funding and the obstacles presented by the COVID-19 pandemic and the Russian invasion of Ukraine. The public investment trends of France, Germany, Italy and Spain are systematically evaluated, as well as the REPowerEU policy – accelerated in Spring 2022 – to move away from Russia’s supply of fossil fuels. Part II focuses on the investment needed for green transition; the important economic and fiscal effects and benefits this would bring; and the reality of what is required before 2030 to achieve the EU’s carbon-neutral targets by 2050.

    Greening Europe is essential reading for economists, environmentalists, and policymakers. It should also be of interest to anyone who wants to understand the cost implications of the ‘carbon-neutral’ policies that governments have promised, and the urgent need to change our approach towards energy usage.




        1. Challenges for Public Investment in the EU: The Role of Policy, Energy Security and Climate Transition

          2. Public Investment and Low-carbon Transition in France: Not Enough of a Good Thing?

            3. Public Investment in Germany: Squaring the Circle

              4. NRRP—Italy’s Strategic Reform and Investment Programme: Sustaining an Ecological Transition

                5. Current Challenges in the Spanish Energy Market

                  6. How Big Are Green Spending Multipliers?

                    7. Europe’s Green Investment Requirements and the Role of Next Generation EU

                      8. The Public Spending Needs of Reaching the EU’s Climate Targets

                        9. The Investment Needs for REPowerEU

                          10. Public Spending for Future Generations: Recent Trends in EU Countries

                            11. Assessing the Quality of Green Finance Standards

                              12. Green Investments: Two Possible Interpretations of the “Do No Significant Harm” Principle

                                13. Towards a Socially Just Green Transition: The Role of Welfare States and Public Finances


                                  Floriana Cerniglia

                                  Full Professor of Economics at Università Cattolica del Sacro Cuore

                                  Francesco Saraceno

                                  Deputy Department Director at OFCE, the Research Center in Economics at Sciences Po, Paris