COP26 Replay: Implementing green budget tagging: Feedbacks on benefits and issues

AFD - Agence Française de Développement, co-organized by IDB – Inter-American Development Bank and Institute for Climate Economics

12 November, 16:00 – 17:30
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 Latin America, Costa Rica, Mexico and Peru are among the countries that work actively towards developing their own tagging system.

This event focused 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. These include Bangladesh, Cambodia, Nicaragua, Guatemala, Ecuador, Ghana, Honduras, Indonesia, Kenya, Nepal, Pakistan, Philippines, Thailand, Peru, Mexico, Ireland and France.