Green budgeting involves reviewing government budgets to identify how all aspects of public expenditure affect environmental policy aims, such as sustainable land use, biodiversity protection, and climate goals. Green budgeting leads to more coherent policy-making by analyzing the ways in which all elements of a government budget help or hinder the achievement of climate and environmental objectives. It can also make public expenditures more accountable to public interests by enhancing the transparency between the government and civil society. An increase in the number of countries adopting green budgeting will indicate that more governments are on track to implement policies that promote positive social, economic, and environmental outcomes.
As of June 2020, 14 of the Organisation for Economic Co-operation and Development’s (OECD) 38 member countries had adopted some form of green budgeting – amounting to 7% of countries globally. At least five additional countries – Chile, Greece, Latvia, Poland and Slovenia – currently have plans to adopt green budgeting.
Green budgeting involves reviewing government budgets to identify how all aspects of public expenditure affect environmental policy aims, such as sustainable land use, biodiversity protection, and climate goals. Green budgeting leads to more coherent policy-making by analyzing the ways in which all elements of a government budget help or hinder the achievement of climate and environmental objectives. It can also make public expenditures more accountable to public interests by enhancing the transparency between the government and civil society. An increase in the number of countries adopting green budgeting will indicate that more governments are on track to implement policies that promote positive social, economic, and environmental outcomes.
As of June 2020, 14 of the Organisation for Economic Co-operation and Development’s (OECD) 38 member countries had adopted some form of green budgeting – amounting to 7% of countries globally. At least five additional countries – Chile, Greece, Latvia, Poland and Slovenia – currently have plans to adopt green budgeting.