INVESTMENTS AND EXPENDITURES FOR ENVIRONMENTAL PROTECTION
INVESTMENTS AND EXPENDITURES FOR ENVIRONMENTAL PROTECTION

Summary/Abstract: THE FINANCING REQUIRED FOR A GREEN ECONOMY TRANSITION IS SUBSTANTIAL AND CAN BE MOBILIZED THROUGH THE DEVELOPMENT OF "SMART" PUBLIC POLICIES AND INNOVATIVE FINANCING MECHANISMS, ORIENTED TOWARDS PUBLIC FINANCIAL SUPPORT THAT ENSURES AN EVOLUTION OF THE EMERGING MARKET INSTRUMENTS NECESSARY TO OPEN UP TO A FINANCIAL MARKET CAPABLE OF SUPPORTING THE IMPLEMENTATION OF INVESTMENT PROJECTS THAT CHARACTERIZE NATIONAL INITIATIVES TO ENSURE THE TRANSITION TO ECO-EFFICIENT ECONOMIES. SINCE ALL ECONOMIC ACTIVITIES INEVITABLY AFFECT THE ENVIRONMENT AT SOME LEVEL, ALL SECTORS OF THE ECONOMY HAVE A CERTAIN ROLE BUT ALSO HAVE RESPONSIBILITIES FOR PREVENTING OR CONTROLLING THESE ACTIVITIES. ACCORDING TO THE "POLLUTER PAYS" PRINCIPLE, THE DIFFICULT TASK OF INVESTING IN ACTIONS AND OBJECTIVES FOR THE PROTECTION OF THE ENVIRONMENT SHOULD BE TRANSFERRED, IN A GREATER WEIGHT, TO THE POLLUTERS WHO CAUSE MASSIVE DAMAGE TO THE QUALITY OF THE ENVIRONMENT. THE FINANCING OF INVESTMENTS AND EXPENSES FOR ENVIRONMENTAL PROTECTION REPRESENTS THE REVENUE ALLOCATION MECHANISM FOR THE PREVENTION AND CONTROL OF THE NEGATIVE EFFECTS CAUSED BY SOCIO-ECONOMIC ACTIVITIES ON THE ENVIRONMENT. EVEN IF THE MODIFICATION OF MANAGERIAL PRACTICES COULD LEAD TO A REDUCTION OF NEGATIVE EXTERNALITIES FOR THE ENVIRONMENT, IT IS UNDOUBTED THAT INVESTMENTS AND CURRENT EXPENSES FOR ENVIRONMENTAL PROTECTION ARE THE ESSENTIAL VARIABLES THAT CAN POSITIVELY INFLUENCE ENVIRONMENTAL PROTECTION ACTIONS.environmental protection; investments; the European green plan; environmental protection expenses;

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