Implementing green budget tagging: Feedbacks on benefits and issues

SAVE THE DATE

12th of November at 4pm (Glasgow time- 5pm Paris Time)

Budget items which have an impact on climate can add up to more than 30% of a national budget. Building on international efforts such as the Paris Collaborative on Green Budgeting or the Coalition of Finance Ministers for Climate Action, there is currently a strong momentum around budget tagging exercises, both in developing and developed countries: more than 20 countries have implemented various climate budget tagging systems. The European Commission is currently training 18 of its Member States on Green Budget tagging practices. In South America, Costa Rica,Mexico and Peru are among the countries that work actively towards developing their own tagging system.

This event will focus on concrete feedback on the process of implementing a green budget tagging system, for the benefit of countries that would consider setting up their own tagging. It will gather the perspectives of three countries with very different national circumstances (Costa Rica, Mexico, Peru), along with the more diversified yet less “first-hand” experience of international institutions such as the IADB or the AFD who support budget tagging implementation in various contexts.

Envisioned format for the event

1h, Hybrid participation

Introductory speech and presentation of the expected benefits of climate budgeting tools : I4CE (10’)
Presentation of the support provided by IADB (10’)
Presentation of the support provided by AFD (10’)
Panel discussion on the countries experiences of Mexico, Costa Rica and Peru (30’)

Moderation: I4CE

These include Bangladesh, Cambodia, Nicaragua, Guatemala, Ecuador, Ghana, Honduras, Indonesia, Kenya, Nepal, Pakistan, Philippines, Thailand, Peru, Mexico, Ireland and France.

12 Nov 2021

Implementing green budget tagging: Feedbacks on benefits and issues

To learn more

12/06/2024 Foreword of the week
COP29 delegates have left Baku, but the financing challenge remains

The COP29 in Baku was supposed to breathe new life into North-South climate cooperation through the negotiation of the new NCQG financing target. Instead, confrontational negotiations produced a half-hearted agreement, and the onerous task of charting a path to bridge the resource gap before the next COP.
12/05/2024
Thinking about the implications: How countries plan to finance their climate transition

The urgency of climate action is becoming ever more apparent, yet we remain far from securing the level of financing required for meaningful progress. The first Global Stocktake underscored a widening gap between the needs of developing countries and the support they receive, while advanced economies also struggle to finance their own ambitious climate targets.
11/27/2024 Blog post
Climate investments in Europe must double, and the clock is ticking

To tackle the challenges of competitiveness and well-being of future generations, Europe needs to accelerate the climate transition. This will require sizable investment, both public and private. National governments must thus embrace and the EU must facilitate investments in climate transition. As the next European Commission prepares to take office, the challenges facing the College are stark. The recent report by Mario Draghi makes clear that there is an urgent need to invest in European competitiveness and innovation, while accelerating the decarbonization of the continent’s economy, to avoid a “slow agony of decline” for the block.

Implementing green budget tagging: Feedbacks on benefits and issues

Implementing green budget tagging: Feedbacks on benefits and issues

COP29 delegates have left Baku, but the financing challenge remains

Thinking about the implications: How countries plan to finance their climate transition

Climate investments in Europe must double, and the clock is ticking