Mainstreaming climate change mitigation and adaptation policies in macro-fiscal and other relevant policy planning, budgeting, public investment management and public procurement is essential to avert the effects of climate change. Some countries have made progress in these areas, building on robust, evidence-based planning and financial management systems. Members are encouraged to share their experience and contribute to the development of tools that can be applied in other countries, including those with more limited capacity. Key actions and deliverables under Helsinki Principle 4 include:
• Developing tools to address knowledge and expertise gaps in macroeconomic forecasting and fiscal planning for climate change impacts, as well as disaster risk management, among others.
• Preparing toolkits and guides on whole of government approaches that integrate climate in the policy and budget process, such as green budgeting where appropriate, green procurement and climate-informed public investment management.
• Supporting macroeconomic and fiscal assessments of adaptation, resilience and mitigation policies, including NDCs.