The Green Budgeting Transition
published in May 2022
Greening fiscal policies and public financial management
Implementing a transition to a green economy requires significant financial resources, both public and private, to make the necessary investments. It also requires States to realign their public policies on a trajectory compatible with the Paris agreement.
Finance ministries have a central role to play, through fiscal policy and public financial management, to drive the transition to a green economy. The green fiscal transition aims to align revenue collection and public expenditure processes with environmental and climate objectives.