Audience

Budget execution, treasury, accounting and reporting

Explore ways to manage and track climate-related spending after the budget is approved, compare actual expenditure with allocations, and strengthen accounting and reporting.
Action areas

Your entry points into the framework

The Action Areas below are the most relevant to Budget execution, treasury, accounting and reporting divisions. Read them to explore the guidance and related case studies.  

C1 · Leadership capability
C1d Communicating on climate, the economy and public finances Explaining the economic and fiscal implications of climate action and communicating policy choices to different audiences. →
C2 · Coordination capability
C2a Coordinating climate action across government Supporting a whole-of-government approach to climate action by working with other ministries and levels of government to connect climate priorities with economic policy, budgets, and implementation. →
F1 · Reforming economic strategy through shaping national development and climate plans
F1a Participating in the development and implementation of climate and related strategies  How Ministries of Finance can support national climate and biodiversity strategies through economic analysis, fiscal policy, and finance. → F1a(i) Long-term low-emission development strategies (LT-LEDS)  Assessing the economic and investment implications of long-term climate strategies and connecting them with nearer-term policy decisions to support growth and competitiveness. → F1a(ii) Nationally Determined Contributions (NDCs) Assessing the economic implications of national climate commitments and supporting implementation to make commitments affordable and deliverable. → F1a(iii) National Adaptation Plans (NAPs)  Assessing adaptation priorities and financing needs and connecting them with development planning and the budget to protect livelihoods and economic activity. → F1a(iv) National Biodiversity Strategies and Action Plans (NBSAPs) Connecting national biodiversity priorities with economic planning, fiscal policy, and financing to sustain the natural assets that underpin economic activity. →
F2 · Fiscal policy
F2c Using public financial management and the budget to drive transformation Using existing PFM systems and the budget cycle to integrate climate and nature priorities into medium-term fiscal strategies and expenditure frameworks, track spending, and inform future allocations. → F2d Greening public investment management  Incorporating emissions reduction and climate resilience into the appraisal, selection, and management of public investment. →
F3 · Financing the transition
F3d Providing disaster risk finance and insurance for all Arranging financing before disasters occur to support timely response and recovery, protect vulnerable households and businesses, and reduce pressure on public finances. →
Keep exploring

Other divisions

Explore content relevant to other divisions in your Ministry. 

Budget preparation and planning

Explore ways to integrate climate priorities into budget preparation, assess spending proposals and plan expenditure over the medium term.

Debt and cash management

Explore ways to manage and track climate-related spending after the budget is approved, compare actual expenditure with allocations, and strengthen accounting and reporting.

Financial sector policy and financial markets

Explore how financial sector policy can mobilise private capital for the transition through green taxonomies, climate-related disclosure, engagement with regulators and financial institutions, and financing instruments that support investment.

International and development finance cooperation

Explore ways to access and coordinate international climate finance, work with development partners and multilateral development banks, and build country platforms that align financing with national investment priorities.

Leadership, coordination and institutional development

Explore ways to strengthen the Ministry’s mandate and strategy for climate action, clarify responsibilities, build governance structures and staff capabilities, and coordinate across government and with external stakeholders.

Macro-fiscal policy, economic strategy, forecasting and fiscal risk analysis

Assessing how climate change, nature loss and the transition affect growth and public finances, and incorporating these findings into economic strategy, macro-fiscal forecasts and fiscal risk analysis.

Public investment and procurement

Explore how climate risks and transition opportunities affect growth, revenues and expenditure, and how forecasts, scenarios and modelling can inform economic strategy and fiscal planning.

State assets, state-owned enterprises and subnational finance

Explore ways to integrate climate priorities into the oversight of state assets, sovereign wealth funds and state-owned enterprises, manage their climate-related risks, and support financing for climate action by subnational governments.

Tax, customs and revenue policy

Explore carbon pricing, subsidy reform and fiscal incentives, alongside climate-related customs measures and options to maintain revenues as fossil fuel receipts decline.