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WBG, OECD |Managing Disaster Risk Related Contingent Liabilities in Public Finance Frameworks, OECD Working Papers on Public Governance, No 27Natural disasters have caused, and continue to cause, a significant amount of economic costs. The costs of disasters are often, and to a large extent, shouldered by governments, especially in economies where private insurance markets are not well developed. Governments are asked to provide financing for explicit commitments made prior to a disaster, and are often under pressure to make payments for which no such commitments were made earlier. Category: Climate-Informed Fiscal Planning, Align Policies with Paris Agreement |
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U.S. Office of Management and Budget |Climate Change: The Fiscal Risks Facing The Federal Government: A Preliminary Assessment.Climate change is already affecting communities across the United States. This report outlines the contours of fiscal risk through five program-specific assessments: crop insurance, health care, wildfire suppression, hurricane-related disaster relief, and Federal facility flood risk. These programs were assessed because they are directly influenced by climate change, they have strong links to the Federal Budget, and quantitative scientific and economic models regarding the likely magnitude of impacts were available. Category: Climate-Informed Fiscal Planning, Climate-Resilient Financial Sector |
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IADB |The Integrated Economic-Environmental Modelling Framework: An Illustration with Guatemala's Forest and Fuelwood Sectors.This paper develops and operationalizes the Integrated Economic-Environmental Modelling (IEEM) platform which integrates environmental data organized under the first international standard for environmental-economic accounting with a powerful economy-wide modelling approach. IEEM enables the ex-ante economic analysis of public policies and investment on the economy and the environment in a quantitative, comprehensive and consistent framework. Category: Promote Carbon Pricing Measures, Climate-Informed Fiscal Planning, Climate-Resilient Financial Sector |
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IMF |Analyzing and Managing Fiscal Risks: Best Practices.This paper provides a set of analytical tools and best practices to help policy makers understand and manage fiscal risks. Rather than seeking to provide an alternative to standard debt sustainability analysis, the paper’s focus is on how countries can assess and manage fiscal risks more broadly—including tail risks—and to better incorporate uncertainty into fiscal policy analysis. The paper is structured as follows. Category: Climate-Informed Fiscal Planning, Climate-Resilient Financial Sector |
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UNEP |Fiscal Policy Scoping Study: KenyaThis working paper provides an overview of the current status of green fiscal policy (GFP) in Kenya, key challenges and opportunities for further green fiscal policy reforms. The paper also reviews government revenues and expenditures and analyses the potential for GFP in selected key sectors of the economy, including forestry, energy, mining and oil, water fisheries and wildlife. Category: Climate-Informed Fiscal Planning |
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UNEP |Fiscal Reforms in the Extractives Sector for Green Finance (UNEP)A key challenge facing many resource-rich countries is how to mobilize and effectively use volatile revenues from resource extraction, while addressing social and environmental externalities of mining activities. This UNEP Policy Brief examines how fiscal reforms and other complementary measures in the extractives sector can help generate additional public revenues while reducing some of the negative environmental and social impacts from mining activities. Category: Promote Carbon Pricing Measures, Climate-Informed Fiscal Planning |
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WBG, GFDRR |The Indirect Cost of Natural Disasters and an Economic Definition of Macroeconomic Resilience (2015)The paper proposes a rule of thumb to estimate macroeconomic resilience, based on the interest rate (a higher interest rate decreases resilience and increases welfare losses), the reconstruction duration (a longer reconstruction duration increases welfare losses), and a “ripple-effect” factor that increases or decreases immediate losses (negative if enough idle resources are available to cope; positive if cross-sector and supply-chain issues impair the production of non-affected capital). Category: Climate-Informed Fiscal Planning |
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WBG, OECD |The FASTER Principles for Successful Carbon Pricing (2015)The “FASTER” principles presented in this report lay out an approach that focuses on the emerging design features for successful and cost-effective carbon pricing policies drawn from initial and growing experience around the world. Category: Climate-Informed Fiscal Planning |
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WBG |Financing Vietnam’s Response to Climate Change: Building a Sustainable FutureThe Government of Vietnam (GoV) has conducted a Climate Public Expenditure and Investment Review (CPEIR) with the support of the World Bank and the United Nations Development Programme (UNDP). The review examined Vietnam’s policies and climate change expenditure for the period 2010–2013 from five ministries (MONRE, MOIT, MARD, MOC, and MOT) and three provinces (Bac Ninh, Quang Nam and An Giang). Category: Climate-Informed Fiscal Planning |
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OECD |National Climate Change Adaptation: Emerging Practices in Monitoring and Evaluation.Developing countries are increasingly moving towards more strategic national policies and plans, the effectiveness of which will depend upon proper assessment of a given country’s vulnerability to climate change. Category: Climate-Informed Fiscal Planning, Align Policies with Paris Agreement, NDC Support and Implementation |
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