Audience

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.
Action areas

Your entry points into the framework

The Action Areas below are the most relevant to State assets, state-owned enterprises and subnational finance divisions. Read them to explore the guidance and related case studies.

F2 · Fiscal policy
F2b(i) Identifying alternative revenue streams to taxing fossil fuels Assessing exposure to declining fossil fuel revenues and developing alternative revenue sources as the economy changes. → F2b(ii) Managing the fiscal risks of cascading contingent liabilities Identifying and managing climate risks that create pressures on public finances to help protect fiscal stability and preserve budget flexibility. →
F3 · Financing the transition
F3a(iii) Enhancing sub-sovereign finance to support fast growing cities  Enhancing access to sources of finance for investment in sustainable urban infrastructure. → F3b(i) Greening national development banks and green investment banks  Using ownership and governance roles to support climate investment and risk management through national development and green investment banks. → F3b(ii) Greening sovereign wealth funds and state-owned enterprises  Bringing climate objectives and risk management into oversight of sovereign wealth funds and state-owned enterprises. →
Keep exploring

Other divisions

Explore content relevant to other divisions in your Ministry. 

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.

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.

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.