Gouvernement Économique, but Not Like in the 1990s: The Commission and the ECB’s Policies Advancing the ‘Green Transition’

Summary:

Drawing on an integrated analysis of the latest European Union (EU) economic and financial governance reforms in the 2020s, we glean a new European economic governance paradigm. This article unpacks the main features of this new form of European gouvernement économique. The article focuses particularly on the set of policies adopted by two key actors in European economic and financial sector governance – the European Commission and the European Central Bank (ECB) – to advance the ‘green transition’ toward a carbon neutral EU economy by 2050.