Green Budget Tagging Introductory Guidance & Principles

Green Budget Tagging Introductory Guidance & Principles
Author: OECD
Publisher: OECD Publishing
Total Pages: 67
Release: 2021-02-13
Genre:
ISBN: 9264547789

Green budget tagging can be a useful tool in an overall approach to green budgeting. This introductory guidance was developed by the OECD under the Paris Collaborative on Green Budgeting in collaboration with institutional partners working under Helsinki Principle 4 of the Coalition of Finance Ministers for Climate Action (IADB, IMF, UNDP, World Bank) and draws lessons from existing country practices.

Green Budget Tagging Introductory Guidance & Principles

Green Budget Tagging Introductory Guidance & Principles
Author: Oecd
Publisher: OECD
Total Pages: 64
Release: 2021-03-08
Genre: Political Science
ISBN: 9789264585539

Green budget tagging can be a useful tool in an overall approach to green budgeting. This introductory guidance was developed by the OECD under the Paris Collaborative on Green Budgeting in collaboration with institutional partners working under Helsinki Principle 4 of the Coalition of Finance Ministers for Climate Action (IADB, IMF, UNDP, World Bank) and draws lessons from existing country practices. It was informed by a series of round-table events with countries implementing green budget tagging. The document aims to provide high-level guidance in relation to designing, implementing and improving green budget tagging.

Green Budgeting in OECD Countries

Green Budgeting in OECD Countries
Author: OECD
Publisher: OECD Publishing
Total Pages: 45
Release: 2021-08-18
Genre:
ISBN: 9264906126

Climate and environmental considerations have become pressing priorities for governments in recent years. International commitments such as the Paris Agreement, the Aichi Biodiversity Targets under the Convention on Biodiversity (CBD) and the Sustainable Development Goals (SDGs) have spurred momentum across the OECD to prioritise green objectives to policy-making processes.

Climate Change Budget Tagging

Climate Change Budget Tagging
Author: Weltbank
Publisher:
Total Pages:
Release: 2021
Genre:
ISBN:

The purpose of this report is to provide development practitioners and government officials with an understanding of the context and key design features of climate budget tagging initiatives. It is based on a review of 18 climate budgeting tagging methodologies as well as key informant interviews with practitioners during 2020. The review is structured into five sections. The first draws lessons from three precursors of climate expenditure tagging: poverty tagging, gender-budget tagging, and budgeting for international development goals. The second provides an overview of climate finance reporting methodologies and climate expenditure reviews supported by international organizations. The third reviews technical and institutional aspects of the climate budget tagging methodologies and practices of a number of national governments. The fourth explores links between climate budget tagging and the green bond frameworks used to mobilize climate finance. The final section discusses the benefits of and challenges in implementing a climate change tagging system and also presents lessons learned from experience in budget tagging in general and its application to climate change in particular. The report does not assess the effectiveness of climate budget tagging, as this would require a more thorough and long-term evaluation.

OECD Multi-level Governance Studies Aligning Regional and Local Budgets with Green Objectives Subnational Green Budgeting Practices and Guidelines

OECD Multi-level Governance Studies Aligning Regional and Local Budgets with Green Objectives Subnational Green Budgeting Practices and Guidelines
Author: OECD
Publisher: OECD Publishing
Total Pages: 181
Release: 2022-06-22
Genre:
ISBN: 9264595147

Green budgeting is emerging at subnational levels as an important tool for regions and cities to use to align their expenditure and revenues with their green objectives, and enhance the transparency and accountability of their climate and environmental action. It is also a tool that subnational governments can use to prioritise low-carbon investments and identify funding gaps, as well as to mobilise additional sources of both private and public climate finance.

Climate-Sensitive Management of Public Finances—"Green PFM”

Climate-Sensitive Management of Public Finances—
Author: Mr. Fabien Gonguet
Publisher: International Monetary Fund
Total Pages: 21
Release: 2021-08-11
Genre: Business & Economics
ISBN: 1513583042

Public financial management (PFM) consists of all the government’s institutional arrangements in place to facilitate the implementation of fiscal policies. In response to the growing urgency to fight climate change, “green PFM” aims at adapting existing PFM practices to support climate-sensitive policies. With the cross-cutting nature of climate change and wider environmental concerns, green PFM can be a key enabler of an integrated government strategy to combat climate change. This note outlines a framework for green PFM, emphasizing the need for an approach combining various entry points within, across, and beyond the budget cycle. This includes components such as fiscal transparency and external oversight, and coordination with state-owned enterprises and subnational governments. The note also identifies principles for effective implementation of a green PFM strategy, among which the need for a strong stewardship located within the ministry of finance is paramount.

Green Budgeting in OECD Countries 2024

Green Budgeting in OECD Countries 2024
Author: OECD
Publisher: OECD Publishing
Total Pages: 44
Release: 2024-04-04
Genre:
ISBN: 9264859594

This report provides an overview of green budgeting practices across OECD countries based on the 2022 OECD Green Budgeting Survey, as well as the index methodology for the Survey. It takes stock of OECD countries’ progress in bringing climate and environmental considerations into budgeting frameworks and processes.

Environmental Governance and Greening Fiscal Policy

Environmental Governance and Greening Fiscal Policy
Author: Murray Petrie
Publisher: Springer Nature
Total Pages: 225
Release: 2021-11-27
Genre: Business & Economics
ISBN: 3030837963

This book addresses the increasingly urgent question: How can governments be made more accountable for the quality of their environmental stewardship? It explores: Enhanced national State of the Environment reporting and integration of environmental outcomes in key national indicators. Mainstreaming environmental goals, targets, and risks by integrating them in fiscal policy and the annual budget—a government’s most important policy instrument. Promoting sustainability by progressively exposing and eliminating harmful tax and expenditure policies, putting a price on pollution, and providing environmental public goods. Civil society environmental monitoring. The book combines in-depth assessment of the latest climate/green budgeting literature and country practices with discussion of how to implement green fiscal policies. The framework is deliberately ambitious given the severity, scale, and urgency of climate change and biodiversity loss. The book will be of interest to ministry of finance, budget, and planning officials, to environment sector agencies, oversight institutions, international organizations, civil society organizations, and to academics and students in the fields of environmental studies, development studies, economics, public finance, and public policy.