Everything on Policy Efficiency

The Erlangen case study reveals that ambitious climate policies, such as the 282 million euro building renovation plan, often lack economic justification and divert critical funds from core municipal functions.

Impact: Misallocation of resources to low-impact ideological projects accelerates fiscal deterioration and reduces the capacity to address genuine infrastructure deficits.

— from German Municipal Fiscal Crisis and Strategic Failure · bto – der Ökonomie-Podcast von Dr. Daniel Stelter· Feb 15, 2026