20. Climate and sustainable finance, mainstreaming climate in investments and insurance

Methodologies for Climate Spending in Public Budgets

Methodologies and tools for enabling and tracking climate expenditures in public budgets.

How this solution relates to the action agenda

Axis: Unleashing Enablers and Accelerators including on Financing, Technology and Capacity-Building

Key Objective: 20. Climate and sustainable finance, mainstreaming climate in investments and insurance

Why it matters

Provides transparency and accountability regarding government climate commitments, ensuring that public funds support national climate goals (NDCs). It helps identify funding gaps, optimize resource allocation for mitigation and adaptation, and can attract international climate finance by demonstrating concrete actions.

Sources:

Green Budgeting in OECD Countries (2024). https://www.oecd.org/content/dam/oecd/en/publications/reports/2024/04/green-budgeting-in-oecd-countries-2024_3c771827/9aea61f0-en.pdf

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