Implementing green budget tagging: Feedbacks on benefits and issues


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
  • 01/20/2023 Foreword of the week
    2023’s resolutions for a reform of development finance

    2022 ended up on a consensus that the global financial architecture is no longer “fit for purpose”. In other words, the financial ecosystem created post-war to support international development – at the centre of which are the IMF and the World Bank who were joined later by other international public financial institutions – wasn’t designed to address the multiplicity of challenges the world is facing today, foremost among which climate change. Time is running, and the good news is that 2023 is set up to be a busy year with key events setting the milestones for a reform of the international financial architecture, including a Paris Summit in June. The year will close at COP 28, where we will officially take stock of current achievements.

  • 01/19/2023 Blog post
    Here’s to an impactful new year for financial reform

    2023 will be busy with many events organised to address different parts of the financial architecture reform, including a Paris Summit in June. Alice Pauthier from [i4ce] tells you more about this agenda and identifies two conditions for a successful reform process. First, it has to be led by countries’ financing needs… wheras we are still lacking a granular analysis of countries’ investment needs for a sustainable development. Second, it has to be guided by the objective of maximising the impact of public finance. What we should count is the impact of public finance on the transition and not only volumes.

  • 01/18/2023
    The limitations of voluntary climate commitments from private financial actors

    Private finance will not fund the transition without a stronger commitment from public authorities.
    For several years, and particularly since COP 26, considerable time and attention has been dedicated to the subject of voluntary commitments from private financial actors. These commitments, made within the framework of international initiatives, should in principle enable private finance to be mobilized for the transition to a carbon neutral economy.

See all publications
Press contact Amélie FRITZ Head of Communication and press relations Email
Subscribe to our mailing list :
I register !
Subscribe to our newsletter
Once a week, receive all the information on climate economics
I register !