Una rivoluzione fiscale per ridurre l’impatto socio-economico del cambiamento climatico ed aumentare la resilienza dei sistemi di finanza pubblica

This paper shows that a fuller integration of the economic theory of well-being into strategies adopted to reduce the impact of climate change could help to avoid potential conflicts between the mitigation measures applied and the consumption of energy derived from fossil fuels. The paper moves along the path traced by Wood and Roelich (2019) with their Tensions Triangle Theory, but aims to develop it further, showing how a fiscal revolution inspired by the priciples of the Capabilities Approach could effectively contribute to achieving an inclusive, sustainable, accessible and secure global energy system, that provides solutions to the environmental dilemmas and, at the same time, creates value for business and for civil society. In particular, this paper aims to show that the enlargement of the tax area according to new criteria of distributive justice inspired by the Capabilities Approach could serve to increase the mobility of social assets and to strenghten the resilience of public finance systems.