Green Budgeting, ‘A Must’ for Environmental Goals

Budgets are a crucial instrument for climate action and the green transition. Faced with the imminent environmental threats, governments are increasingly deploying or planning to deploy green budgeting to better align their policies with climate and environmental commitments. Green budgeting means using the tools of budgetary policymaking to help achieve climate and environmental goals. These tools are part of a country’s annual and multiannual budgetary processes. Budgets can perform a crucial role in improving the consistency of public revenue and expenditure with these goals.