How to Make the Management of Public Finances Climate-Sensitive–“Green PFM”

Ozlem Aydin, Bryn Battersby, Fabien Gonguet, Claude Wendling, Jacques Charaoui and Murray Petrie ()

No 2022/006, IMF Fiscal Affairs Department from International Monetary Fund

Abstract: This How to Note develops the “green public financial management (PFM)” framework briefly outlined in an earlier Staff Climate Note (2021/002, published in August 2021). It illustrates, how climate change and environmental concerns can be mainstreamed into government’s institutional arrangements in place to facilitate the implementation of fiscal policies. It provides numerous country examples covering possible entry points for green PFM – phases in the budget cycle (strategic planning and fiscal framework, budget preparation, budget execution and accounting, control, and audit), legal framework or issues that cut across the budget cycle, such as fiscal transparency or coordination with State Owned Enterprises or with subnational governments. This How to Note also summarizes practical guidance for implementation of a green PFM strategy, underscoring the need for a tailored approach adapted to country specificities and for a strong stewardship role of the Ministry of Finance.

Keywords: Public financial management; green budgeting; green public financial management; mainstreaming; climate change adaptation; climate change mitigation; public finances; PFM function; view of Green PFM; PFM practice; PFM reform; Climate change; Budget planning and preparation; Climate policy; Global (search for similar items in EconPapers)
Pages: 37
Date: 2022-12-08
New Economics Papers: this item is included in nep-acc, nep-ene and nep-env
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=525169 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfhtn:2022/006

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Fiscal Affairs Department from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().