Macroeconomic Effects of an Energy Saving Policy in the
Resource conservation,energy conservation,public spending,employment,general equilibrium,multi-sectors models
Climate Change and Sustainable Development
Nearly all the macroeconomic literature on environmental policies deals with taxes and tradable permits. A policy instrument that still needs to be looked at is a switch in government expenditure away from environmentally-damaging goods, in particular fossil fuels, and toward resource- and energy-saving expenditure.