Changing Finance to Catalyze Transformation: How Financial Institutions can Accelerate the Transition to an Environmentally Sustainable Economy (UNEP)
The financial sector has an essential role to play in addressing global environmental and social crises. A dramatic transformation of energy, food and waste systems is needed to achieve the
The current design of some taxes sets a number of ecological disincentives – for example, it encourages the consumption of environmentally harmful products and provides little incentive for more sustainable
This paper takes stock of the contributions made by these various trackers, identifies strengths and weaknesses of their methodologies, and draws lessons for assessing the climate impact of fiscal policy going forward. It finds that: trackers provided useful assessments of the (generally low) level of greenness and raised awareness; trackers’ methodologies, while valid and innovative, varied significantly with some important, if currently largely unavoidable, weaknesses; and the way forward should involve tracking the greenness of entire government budgets, rather than just their response to the COVID-19 crisis.
Biodiversity, Natural Capital and the Economy: A Policy Guide for Finance, Economic and Environment Ministers (OECD)
This report provides the latest findings and policy guidance for G7 and other countries in four key areas: measuring and mainstreaming biodiversity; aligning budgetary and fiscal policy with biodiversity; embedding biodiversity in the financial sector; and improving biodiversity outcomes linked to international trade.
Reducing greenhouse gas emissions is a matter of national interest for Vietnam, one of the most vulnerable countries to global climate change. Serious local air pollution, particularly in large cities, has also increased the case for effective emission reduction policies.
Fiscal Policy and Climate Change: Recent Experiences of Finance Ministries in Latin America and the Caribbean
This publication presents recent experiences of finance ministries in the Latin American and Caribbean region in three crucial areas of intervention where climate change issues and the responsibilities of these ministries merge. In addition, it presents key elements for designing fiscal policies that contribute to sustainable growth.