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The emergence of new own resources to strengthen the EU budget and achieve green policy objectives : a win-win or a difficult fit?
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1831-4066
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EUI; LAW; AEL; Working Paper; 2024/15
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HADJIYIANNI, Ioanna, The emergence of new own resources to strengthen the EU budget and achieve green policy objectives : a win-win or a difficult fit?, EUI, LAW, AEL, Working Paper, 2024/15 - https://hdl.handle.net/1814/76837
Abstract
There is an impetus under the Multiannual Financial Framework for 2021-2027 and the Next Generation EU recovery instrument to move away from a strong focus on Member State contributions to common sources of revenue that simultaneously serve common EU objectives. New own resources, including the plastic levy and the proposed own resources based on the EU Emissions Trading System (ETS) and the carbon border adjustment mechanism (CBAM), represent a significant shift in the EU’s funding architecture to ‘purposeful sources’ of revenue. This paper assesses the emergence of own resources relating to the green transition in terms of suitability, genuineness, and fairness. ‘Green’ EU revenue emerges as a significant policy steering mechanism with both internal implications, by furthering EU integration while testing solidarity, and external implications, affecting the EU’s relations with its trading partners and raising concerns of international distributive justice.