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The Green Fiscal Policy Network works to facilitate knowledge sharing and dialogue on fiscal policies for an inclusive green economy.

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Green fiscal policies for a sustainable and resilient COVID-19 recovery

As governments embark on resourcing and legislating COVID-19 relief and recovery measures, green fiscal policy approaches can play a key role in helping countries build back better. In the short-term, carbon taxation and/or fossil fuel subsidy reform can help generate and re-allocate significant resources for COVID-19 relief and recovery measures, while green budgeting can be a valuable instrument for medium-to long-term rationalisation and alignment of budgetary processes with government objectives for a sustainable and resilient post COVID-19 socio-economy.

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Measuring Fossil Fuel Subsidies in the Context of the Sustainable Development Goals

While periodic international monitoring on fossil fuel subsidies is carried out by international organisations such as the OECD, IMF and IEA, reporting under the SDG12.c.1 indicator will be the first attempt to systemically monitor fossil fuel subsidies to both consumption and production based on national data from 193 UN member countries and to collect this using an internationally agreed methodology. This monitoring and reporting on fossil fuel subsidies will help to increase transparency on fossil fuel subsidies, providing comparable data to allow the tracking of national and global trends.

Taxing Energy Use for Sustainable Development: Opportunities for energy tax and subsidy reform in selected developing and emerging economies (OECD)

2021-03-23 No Comments

Economic recovery programmes provide opportunities for countries to focus on strategies for pursuing sustainable development, while taking the necessary steps to mobilise domestic resources. Sustainable

Update on the Operationalisation of the Carbon Tax – Carbon Budget Mitigation System (South Africa)

2021-03-10 No Comments

On 23 February 2021, the Department of Environment, Forestry and Fisheries (DEFF), Government of South Africa gave a presentation at the Portfolio Committee Meeting on

Asia-Pacific, the Gigantic Domino of Climate Change – IMF

2021-03-26 No Comments

By Vitor Gaspar and Chang Yong Rhee Forget the poetic flap of a butterfly’s wings in Beijing causing rain in Central Park. Climate issues in Asia-Pacific are measured