Constitutional Constraints on Public Debt in the Ecological Transition Era

This article focuses on financing the necessary public expenditures to address the challenge of climate change faced by human societies, specifically examining the choice of public debt. Considering the already significant levels of public debt worldwide, this decision becomes particularly complex....

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Main Author: Michele Lemme
Format: Article
Language:English
Published: Università Carlo Cattaneo LIUC 2024-09-01
Series:The European Journal of Comparative Economics
Online Access:https://ejce.liuc.it/articles/ejce029.pdf
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author Michele Lemme
author_facet Michele Lemme
author_sort Michele Lemme
collection DOAJ
description This article focuses on financing the necessary public expenditures to address the challenge of climate change faced by human societies, specifically examining the choice of public debt. Considering the already significant levels of public debt worldwide, this decision becomes particularly complex. Therefore, the article explores the instruments of public debt in the context of climate change, raising questions about the consequences of unwise public borrowing and wasteful public expenditure, and how to protect future generations from bearing the primary burden of public loans. The article further undertakes a scholarly examination of what constitutional law can contribute to the ongoing debate.
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publisher Università Carlo Cattaneo LIUC
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spelling doaj-art-4413d3093fde46e69f4ab0d77eec3c112024-11-29T14:45:06ZengUniversità Carlo Cattaneo LIUCThe European Journal of Comparative Economics1824-29792024-09-012119712110.25428/1824-2979/02918242979Constitutional Constraints on Public Debt in the Ecological Transition EraMichele LemmeThis article focuses on financing the necessary public expenditures to address the challenge of climate change faced by human societies, specifically examining the choice of public debt. Considering the already significant levels of public debt worldwide, this decision becomes particularly complex. Therefore, the article explores the instruments of public debt in the context of climate change, raising questions about the consequences of unwise public borrowing and wasteful public expenditure, and how to protect future generations from bearing the primary burden of public loans. The article further undertakes a scholarly examination of what constitutional law can contribute to the ongoing debate.https://ejce.liuc.it/articles/ejce029.pdf
spellingShingle Michele Lemme
Constitutional Constraints on Public Debt in the Ecological Transition Era
The European Journal of Comparative Economics
title Constitutional Constraints on Public Debt in the Ecological Transition Era
title_full Constitutional Constraints on Public Debt in the Ecological Transition Era
title_fullStr Constitutional Constraints on Public Debt in the Ecological Transition Era
title_full_unstemmed Constitutional Constraints on Public Debt in the Ecological Transition Era
title_short Constitutional Constraints on Public Debt in the Ecological Transition Era
title_sort constitutional constraints on public debt in the ecological transition era
url https://ejce.liuc.it/articles/ejce029.pdf
work_keys_str_mv AT michelelemme constitutionalconstraintsonpublicdebtintheecologicaltransitionera