Publication: Climate Change Budget Tagging: A Review of International Experience
Date
2021-02
ISSN
Published
2021-02
Author(s)
World Bank
Abstract
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.
Citation
“World Bank. 2021. Climate Change Budget Tagging: A Review of International Experience. Equitable Growth, Finance and Institutions Insight - Governance. © World Bank, Washington, DC. http://hdl.handle.net/10986/35174 License: CC BY 3.0 IGO.”