Carbon peaking and carbon neutrality constitute an extensive,profound and systemic economic and social change.It is worthwhile to explore how fiscal policy,as a key institutional arrangement in the public policy syste...Carbon peaking and carbon neutrality constitute an extensive,profound and systemic economic and social change.It is worthwhile to explore how fiscal policy,as a key institutional arrangement in the public policy system to cope with climate change,can play a fundamental and pillar role.Based on literatures,theories and empirical materials,this paper systematically explores the relationship between climate change and public finance.The fiscal impact of climate change will eventually be reflected in fiscal behavior,fiscal costs and fiscal relations,and the fiscal system has the adaptability of an"automatic stabilizer"and the proactiveness to enable the Discretionary Approaches function when facing climate change impacts.This implies such a governance logic of fiscal policy that is systematic,forward-looking and flexible in addressing climate change.In the future,it is necessary to further incorporate climate change or related environmental factors into the fiscal policy framework,target the two key aspects of mitigation and adaptation,and carry out a holistic,systematic and forward-looking reform of the existing fiscal expenditure policy,fiscal revenue policy,fiscal investment and financing policy,government budget system,government procurement policy and ecological compensation policy.While highlighting the"governance"function of fiscal policy in addressing climate change,Chinese government needs to strengthen the coordination and collaboration between fiscal policy tools and other public policies,and magnify the governance effectiveness of fiscal policy in the process of addressing climate change.This paper helps understand the positioning,role and influence of fiscal policy in the process of addressing climate change,provides a basis for better playing the fundamental and underpinning role of the modern fiscal system in the governance of ecological civilization,and presents an analytical framework for building a theoretical system of ecological fiscal governance.展开更多
基金supported by the Group Project for Innovation Research under the National Natural Science Foundation of China(NSFC)"Research on China's Economic Development Law and Governance Mechanism"(No.72121002)General Project of the NSFC"Design of Fiscal Incentive Mechanism to Promote Green Transformation:From a Perspective Linking the Relationship between Central/Local Governments and Enterprises"(No.72173136).
文摘Carbon peaking and carbon neutrality constitute an extensive,profound and systemic economic and social change.It is worthwhile to explore how fiscal policy,as a key institutional arrangement in the public policy system to cope with climate change,can play a fundamental and pillar role.Based on literatures,theories and empirical materials,this paper systematically explores the relationship between climate change and public finance.The fiscal impact of climate change will eventually be reflected in fiscal behavior,fiscal costs and fiscal relations,and the fiscal system has the adaptability of an"automatic stabilizer"and the proactiveness to enable the Discretionary Approaches function when facing climate change impacts.This implies such a governance logic of fiscal policy that is systematic,forward-looking and flexible in addressing climate change.In the future,it is necessary to further incorporate climate change or related environmental factors into the fiscal policy framework,target the two key aspects of mitigation and adaptation,and carry out a holistic,systematic and forward-looking reform of the existing fiscal expenditure policy,fiscal revenue policy,fiscal investment and financing policy,government budget system,government procurement policy and ecological compensation policy.While highlighting the"governance"function of fiscal policy in addressing climate change,Chinese government needs to strengthen the coordination and collaboration between fiscal policy tools and other public policies,and magnify the governance effectiveness of fiscal policy in the process of addressing climate change.This paper helps understand the positioning,role and influence of fiscal policy in the process of addressing climate change,provides a basis for better playing the fundamental and underpinning role of the modern fiscal system in the governance of ecological civilization,and presents an analytical framework for building a theoretical system of ecological fiscal governance.
