The OECD and the Coalition of Finance Ministers for Climate Action held a virtual workshop on The Political Economy of Carbon Pricing Post Covid-19’, organised in co-operation with IMF and World Bank. This event occurred on 22 June, 8-10 am EDT/2-4 pm CEST and 23 June, 6.30am-12pm EDT/12.30-6 pm CEST.
There is increasing international recognition of the need to integrate climate change and environmental considerations into mainstream financial decision-making. Better access to climate-related information can enhance how climate risks are assessed, priced, and managed. However, implementing requirements around climate-related financial disclosure brings with it technical and political challenges.
The PEFA Framework aims at assessing and reporting on the strengths and challenges of public financial management (PFM) using quantitative indicators to measure performance. Since its launch in 2005, the PEFA framework has been used for 640 assessments in 152 countries and is widely recognized as the most commonly accepted PFM assessment tool.
The Virtual Meeting on Green Budgeting built on preliminary discussions at the second meeting of the Green Budgeting Expert Group held under the auspices of the Paris Collaborative on Green Budgeting (PCGB) on 29 April 2019.