Greenlining: economic and environmental effects of government facilitated lending to sustainable economic activities in the Netherlands

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Abstract

Abstract: This paper analyzes the economic and environmental impact of a policy instrument that is related to the tax deductibility of interest returns and dividend yields from specified 'green' projects. We investigate this so-called 'Green Project Facility' in the Netherlands during 1995-1999. We analyze the effect on taxes, economic growth, employment, as well as on the emission of a number of gases and on solid waste production. We find that the economic effects in general are positive. However, the environmental effects are quite mixed. It is concluded that the policy instrument could be used much more effective.
Original languageEnglish
PublisherUniversity of Groningen, SOM research school
Number of pages21
Publication statusPublished - 2001

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