Budgeting for a Greener Planet

Funds to respond to climate change are likely to be the single largest source of development finance for the foreseeable future, with global estimates upwards of US$100 billion a year. These funds will be managed primarily through government budget systems, and ensuring funds are managed effectively and with full accountability is essential. A new report from the United Nations Development Programme and the International Budget Partnership assesses the climate change finance accountability landscape in Bangladesh, India, Nepal, and the Philippines and examines the “accountability ecosystems” in which government, formal oversight institutions, civil society, citizens, and media engage in decision making and monitoring of the use of public funds for climate action. The report aims to draw lessons and guide actors — both global and domestic — on entry points to strengthen systems.
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Recommended Reading on the Release of the Open Budget Survey

On 6 February, the International Budget Partnership and the United Kingdom Department for International Development (DFID) co-hosted an event in London to address the decline in global budget transparency and other findings from the Open Budget Survey 2017. At the event, DFID launched a new transparency agenda, “Open Aid, Open Societies: A Vision for a Transparent World.” Watch a recording of the event and read more news on the release of the Open Budget Survey 2017.
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