Better EU data for better climate action
Twelve EU Member States have started implementing new budgetary processes to help align their public budgets with climate objectives. Green budget tagging, a prominent tool, can provide a clear picture of the share of a national budget that is aligned, or runs counter, with the national climate strategy. France publishes its annual green budget every year and now, for the first time in 2023, the government intends to use its data for the preparation of the draft budget law.
Gathering such data is important to build a common knowledge base among policymakers and to have a better-informed policy debate on the financing of the climate transition. We need better EU data for better climate policies and more effective financing. This is why I4CE has trained over 300 policymakers across Europe on green budgeting practices in the past two years. Today we publish a new report on lessons drawn from this training series. This is also why I4CE is part of the European Climate Neutrality Observatory, an independent initiative spearheaded by a consortium of research organisations, which provides a comprehensive set of data to monitor the EU’s progress towards climate neutrality. You’ll find out more in this newsletter.