Planning And Mainstreaming Adaptation To Climate Change In Fiscal Policy

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Planning and Mainstreaming Adaptation to Climate Change in Fiscal Policy

Author : Emanuele Massetti
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Planning and Mainstreaming Adaptation to Climate Change in Fiscal Policy by : Emanuele Massetti

Download or read book Planning and Mainstreaming Adaptation to Climate Change in Fiscal Policy written by Emanuele Massetti and published by International Monetary Fund. This book was released on 2022-03-23 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Staff Climate Note is part of a series of three Notes (IMF Staff Climate Note 2022/001, 2022/002, and 2022/003) that discuss fiscal policies for climate change adaptation. A first Note (Bellon and Massetti 2022, henceforth Note 1) examines the economic principles that can guide the integration of climate change adaptation into fiscal policy. It argues that climate change adaptation should be part of a holistic, sustainable, and equitable development strategy. To maximize the impact of scarce resources, governments need to prioritize among all development programs, including but not limited to adaptation. To this end, they can use cost-benefit analysis while ensuring that the decision-making process reflects society’s preferences about equity and uncertainty. A second Note (Aligishiev, Bellon, and Massetti. 2022, henceforth Note 2) discusses the macro-fiscal implications of climate change adaptation. It reviews evidence on the effectiveness of adaptation at reducing climate change damages, on residual risks, and on adaptation investment needs, and suggests ways to integrate climate risks and adaptation costs into national macro-fiscal frameworks with the goal of guiding fiscal policy. It stresses that lower-income vulnerable countries, which have typically not contributed much to climate change, face exacerbated challenges that warrant increased international support. This third Note considers how to translate adaptation principles and estimates of climate impacts into effective policies.

Macro-Fiscal Implications of Adaptation to Climate Change

Author : Mr. Zamid Aligishiev
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Macro-Fiscal Implications of Adaptation to Climate Change by : Mr. Zamid Aligishiev

Download or read book Macro-Fiscal Implications of Adaptation to Climate Change written by Mr. Zamid Aligishiev and published by International Monetary Fund. This book was released on 2022-03-23 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Adaptation to climate change is an integral part of sustainable development and a necessity for advanced and developing economies alike. How can adaptation be planned for and mainstreamed into fiscal policy? Setting up inclusive coordination mechanisms and strengthening legal foundations to incorporate climate change can be a prerequisite. This Note identifies four building blocks: 1. Taking stock of present and future climate risks, identifying knowledge and capacity gaps, and establishing guidance for next steps. 2. Developing adaptation solutions. This block can be guided by extending the IMF three-pillar disaster resilience strategy to address changes in both extreme and average weather and would cover the prevention of risks, the alleviation of residual risks, and macro-fiscal resilience. 3. Mainstreaming these solutions into government operations. This requires strengthening public financial management institutions by factoring climate risks and adaptation plans into budgets and macro-frameworks, and in the management of public investment, assets and liabilities. 4. Providing for transparent evaluations to inform future plans. This involves continually monitoring progress and regularly updating adaptation plans.

Fiscal Policies to Address Climate Change in Asia and the Pacific

Author : Ms.Era Dabla-Norris
Publisher : International Monetary Fund
ISBN 13 : 1513561391
Total Pages : 125 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Fiscal Policies to Address Climate Change in Asia and the Pacific by : Ms.Era Dabla-Norris

Download or read book Fiscal Policies to Address Climate Change in Asia and the Pacific written by Ms.Era Dabla-Norris and published by International Monetary Fund. This book was released on 2021-03-24 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change is one of the greatest challenges facing policymakers worldwide, and the stakes are particularly high for Asia and the Pacific. This paper analyzes how fiscal policy can address challenges from climate change in Asia and the Pacific. It aims to answer how policymakers can best promote mitigation, adaptation, and the transition to a low-carbon economy, emphasizing the economic and social implications of reforms, potential policy trade-offs, and country circumstances. The recommendations are grounded in quantitative analysis using country-specific estimates, and granular household, industry, and firm-level data.

Economic Principles for Integrating Adaptation to Climate Change Into Fiscal Policy

Author : Mr. Matthieu Bellon
Publisher : International Monetary Fund
ISBN 13 : 1513592378
Total Pages : 34 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Economic Principles for Integrating Adaptation to Climate Change Into Fiscal Policy by : Mr. Matthieu Bellon

Download or read book Economic Principles for Integrating Adaptation to Climate Change Into Fiscal Policy written by Mr. Matthieu Bellon and published by International Monetary Fund. This book was released on 2022-03-23 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Adaptation to climate change is a necessity for advanced and developing economies alike. Policymakers face the challenge of facilitating this transition. This Note argues that adaptation to climate change should be part of a holistic development strategy involving both private and public sector responses. Governments can prioritize public investment in adaptation programs with positive externalities, address market imperfections and policies that make private adaptation inefficient, and mobilize revenues for, and distribute the benefits of, adaptation. Although the choice of what should be done and at what cost ultimately depends on each society’s preferences, economic theory provides a useful framework to maximize the impact of public spending. Cost-benefit analysis, complemented by the analysis of distributional effects, can be used to prioritize adaptation programs as well as all other development programs to promote an efficient and just transition to a changed climate. While compensations may be needed to offset damages that are either impossible or too expensive to abate, subsidies for adaptation require careful calibration to prevent excessive risk taking.

Climate-Sensitive Management of Public Finances—"Green PFM”

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Author : Mr. Fabien Gonguet
Publisher : International Monetary Fund
ISBN 13 : 1513583042
Total Pages : 21 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Climate-Sensitive Management of Public Finances—"Green PFM” by : Mr. Fabien Gonguet

Download or read book Climate-Sensitive Management of Public Finances—"Green PFM” written by Mr. Fabien Gonguet and published by International Monetary Fund. This book was released on 2021-08-11 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public financial management (PFM) consists of all the government’s institutional arrangements in place to facilitate the implementation of fiscal policies. In response to the growing urgency to fight climate change, “green PFM” aims at adapting existing PFM practices to support climate-sensitive policies. With the cross-cutting nature of climate change and wider environmental concerns, green PFM can be a key enabler of an integrated government strategy to combat climate change. This note outlines a framework for green PFM, emphasizing the need for an approach combining various entry points within, across, and beyond the budget cycle. This includes components such as fiscal transparency and external oversight, and coordination with state-owned enterprises and subnational governments. The note also identifies principles for effective implementation of a green PFM strategy, among which the need for a strong stewardship located within the ministry of finance is paramount.

Adaptation Policy Frameworks for Climate Change

Author : Ian Burton
Publisher : Cambridge University Press
ISBN 13 : 9780521617604
Total Pages : 268 pages
Book Rating : 4.6/5 (176 download)

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Book Synopsis Adaptation Policy Frameworks for Climate Change by : Ian Burton

Download or read book Adaptation Policy Frameworks for Climate Change written by Ian Burton and published by Cambridge University Press. This book was released on 2004-11-15 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Adaptation is a process by which individuals, communities and countries seek to cope with the consequences of climate change. The process of adaptation is not new; the idea of incorporating future climate risk into policy-making is. While our understanding of climate change and its potential impacts has become clearer, the availability of practical guidance on adaptation has not kept pace. The development of the Adaptation Policy Framework (APF) is intended to help provide the rapidly evolving process of adaptation policy-making with a much-needed roadmap. Ultimately, the purpose of the APF is to support adaptation processes to protect - and enhance - human well-being in the face of climate change. This volume will be invaluable for everyone working on climate change adaptation and policy-making.

Integrating Climate Change Adaptation into Development Co-operation: Policy Guidance

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9789264054769
Total Pages : 200 pages
Book Rating : 4.0/5 (547 download)

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Book Synopsis Integrating Climate Change Adaptation into Development Co-operation: Policy Guidance by : OECD

Download or read book Integrating Climate Change Adaptation into Development Co-operation: Policy Guidance written by OECD and published by OECD Publishing. This book was released on 2009-08-24 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides essential information and advice on how to facilitate the integration of climate change adaptation into development processes.

Climate Resilient Fiscal Planning

Author : Asian Development Bank
Publisher : Asian Development Bank
ISBN 13 : 9292704761
Total Pages : 149 pages
Book Rating : 4.2/5 (927 download)

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Book Synopsis Climate Resilient Fiscal Planning by : Asian Development Bank

Download or read book Climate Resilient Fiscal Planning written by Asian Development Bank and published by Asian Development Bank. This book was released on 2023-11-01 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report shows how adopting good practices around climate-resilient fiscal planning can help decision-makers in Asia and the Pacific ramp up public and private resources to plug the yawning adaptation financing gap. Outlining a three-step framework, the report explains the need to effectively assess the rising impacts of climate change, develop a fiscal risk management strategy, and optimize available resources. It underscores why coherent action hinges on a solid understanding of the impacts of climate change and how central finance agencies can better integrate climate risk into decision-making to lead the drive towards economic resilience.

Fiscal Policies for Development and Climate Action

Author : Miria A. Pigato
Publisher : World Bank Publications
ISBN 13 : 9781464813580
Total Pages : 240 pages
Book Rating : 4.8/5 (135 download)

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Book Synopsis Fiscal Policies for Development and Climate Action by : Miria A. Pigato

Download or read book Fiscal Policies for Development and Climate Action written by Miria A. Pigato and published by World Bank Publications. This book was released on 2018-12-31 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides actionable advice on how to design and implement fiscal policies for both development and climate action. Building on more than two decades of research in development and environmental economics, it argues that well-designed environmental tax reforms are especially valuable in developing countries, where they can reduce emissions, increase domestic revenues, and generate positive welfare effects such as cleaner water, safer roads, and improvements in human health. Moreover, these reforms need not harm competitiveness. New empirical evidence from Indonesia and Mexico suggests that under certain conditions, raising fuel prices can actually increase firm productivity. Finally, the report discusses the role of fiscal policy in strengthening resilience to climate change. It provides evidence that preventive public investments and measures to build fiscal buffers can help safeguard stability and growth in the face of rising climate risks. In this way, environmental tax reforms and climate risk-management strategies can lay the much-needed fiscal foundation for development and climate action.

Fiscal Policies for Paris Climate Strategies—from Principle to Practice

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
ISBN 13 : 1498310796
Total Pages : 109 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Fiscal Policies for Paris Climate Strategies—from Principle to Practice by : International Monetary Fund. Fiscal Affairs Dept.

Download or read book Fiscal Policies for Paris Climate Strategies—from Principle to Practice written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2019-05-02 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the role of, and provides practical country-level guidance on, fiscal policies for implementing climate strategies using a unique and transparent tool laying out trade-offs among policy options.

Enabling pathways for drought finance in agriculture

Author : Food and Agriculture Organization of the United Nations
Publisher : Food & Agriculture Org.
ISBN 13 : 9251380996
Total Pages : 96 pages
Book Rating : 4.2/5 (513 download)

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Book Synopsis Enabling pathways for drought finance in agriculture by : Food and Agriculture Organization of the United Nations

Download or read book Enabling pathways for drought finance in agriculture written by Food and Agriculture Organization of the United Nations and published by Food & Agriculture Org.. This book was released on 2023-08-30 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although risk-based approaches to disaster management are particularly effective, the rapid start-up of risk financing is hardly conceivable in the case of a drought that has been grossly underfinanced. Even if existing resources are spent more effectively, the gap far exceeds the active finance flows. Creating an enabling environment for the financial sector is the first step to intensifying investments, and it must be done by aligning the interest of the involved actors, including public and private stakeholders, the development and scientific community, and the impacted sectors. This report provides an in-depth analysis of the structural particularities and the status of drought finance. It lines up pathways to stimulate the financial environment by proposing innovative strategies, in other words, enabling pathways. It responds to the pressing concern of what innovative instruments and strategies should be used to make drought finance attractive for all sectors. The goal is to roll out larger-scale programmes to enable drought financing to yield a good return, thus supporting the efforts of the global community to build drought resilience through increased finance flows.By providing pragmatic steps towards the acceleration of drought finance, the publication contributes to several Sustainable Development Goals (SDGs), including SDGs 1, 2, 5, 6, 13, 15 and 17. It is in line with the objectives of the FAO Strategic Framework, namely, it addresses the objective of the Better Production to ensure “resilient and sustainable agrifood systems”, and the objective of the Better Life to promote “inclusive economic growth by reducing inequalities”.

Climate Adaptation Finance and Investment in California

Author : Jesse M. Keenan
Publisher : Routledge
ISBN 13 : 0429677065
Total Pages : 156 pages
Book Rating : 4.4/5 (296 download)

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Book Synopsis Climate Adaptation Finance and Investment in California by : Jesse M. Keenan

Download or read book Climate Adaptation Finance and Investment in California written by Jesse M. Keenan and published by Routledge. This book was released on 2018-10-26 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book serves as a guide for local governments and private enterprises as they navigate the unchartered waters of investing in climate change adaptation and resilience. This book serves not only as a resource guide for identifying potential funding sources but also as a roadmap for asset management and public finance processes. It highlights practical synergies between funding mechanisms, as well as the conflicts that may arise between varying interests and strategies. While the main focus of this work is on the State of California, this book offers broader insights for how states, local governments and private enterprises can take those critical first steps in investing in society’s collective adaptation to climate change.

Republic of Palau

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Republic of Palau by : International Monetary Fund. Asia and Pacific Dept

Download or read book Republic of Palau written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2023-12-21 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Republic of Palau: Selected Issues

Regional Economic Outlook: Sub-Saharan Africa

Author : International Monetary
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Regional Economic Outlook: Sub-Saharan Africa by : International Monetary

Download or read book Regional Economic Outlook: Sub-Saharan Africa written by International Monetary and published by International Monetary Fund. This book was released on 2022-10-14 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sub-Saharan Africa’s recovery has been abruptly interrupted. Last year, activity finally bounced back, lifting GDP growth in 2021 to 4.7 percent. But growth in 2022 is expected to slow sharply by more than 1 percentage point to 3.6 percent, as a worldwide slowdown, tighter global financial conditions, and a dramatic pickup in global inflation spill into a region already wearied by an ongoing series of shocks. Rising food and energy prices are impacting the region’s most vulnerable, and public debt and inflation are at levels not seen in decades. Against this backdrop, and with limited options, many countries find themselves pushed closer to the edge. The near-term outlook is extremely uncertain as the region’s prospects are tied to developments in the global economy and with a number of countries facing difficult sociopolitical and security situations at home. Within this challenging environment, policymakers must confront immediate socioeconomic crises as they arise, while also endeavoring to reduce vulnerabilities to future shocks, building resilience. Ultimately, however, the region’s safety and prosperity will require high-quality growth and the implementation of policies that will set the stage for a sustainable recovery, helping countries move away from the edge.

Sustainability: Business And Investment Implications

Author : Diane-charlotte Simon
Publisher : World Scientific
ISBN 13 : 9811240930
Total Pages : 648 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Sustainability: Business And Investment Implications by : Diane-charlotte Simon

Download or read book Sustainability: Business And Investment Implications written by Diane-charlotte Simon and published by World Scientific. This book was released on 2023-09-27 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the business and investment implications of sustainability, both opportunities and challenges. The volume lays the groundwork for understanding the growing areas of sustainable business and sustainable finance. Over the past few decades, the world has witnessed significant improvements in economic development that meet a wide range of human needs. Ensuring that such development takes place in a 'sustainable' way is the central focus of the book. The book provides insights for businesses, investors, and others on how to navigate this complex and evolving landscape.The United Nations and global leaders in business and investment have emphasized the important role that the private sector can play in protecting the environment and promoting a more sustainable use of resources.'What is needed now is a new era of economic growth — growth that is at the same time socially and environmentally sustainable. This call for action in the Forward to the 1987 Bruntland Report (Our Common Future), which emphasizes that economic growth is part of the solution not the problem, still rings true nearly 40 years later.Gro Harlem BrundtlandReport of the World Commission on Environment and Development, United Nations 1987'Private sector leadership is vital to advance sustainable development and fight the existential threats of climate change, biodiversity loss and pollution.'António GuterresUnited Nations Secretary-GeneralMessage to International Chamber of Commerce's 13th World Chambers CongressUnited Nations Press Release on the Environment, June 21, 2023 (SG/SM/21851)Like Henry Ford's strategy over 100 years ago at the time of the mass introduction of the Model T Ford, Elon Musk had a similar strategy for switching from fossil fuels to renewable energy powered cars. '[Initially enter] the high end of the market, where customers are prepared to pay a premium, and then drive down [the] market as fast as possible to higher unit volume and lower prices with each successive model.'Elon MuskCEO Tesla Inc, Interview with Solar Tribune, Feb 16, 2020'Investing for the long term requires taking a long-term view of what will impact returns, including demographics, government policy, technological advancements, and the transition to a low carbon economy.'Laurence D FinkBlackrock Chairman and Chief Executive Officer, Larry Fink's Annual Chairman's Letter to Investors,Blackrock, 2023'Capital markets are an extraordinarily powerful tool in the fight against climate change. Government action is certainly critical. But ultimately, reducing emissions globally depends on the private sector recognizing the commercial opportunities that sustainability presents.'Michael R BloombergFounder of Bloomberg LP and Bloomberg PhilanthropiesDavid M SolomonCEO of Goldman SachsMobilize the Market to Fight Global WarmingBloomberg, Opinion Article, April 27, 2021

Climate Challenges in Fragile and Conflict-Affected States

Author : Laura Jaramillo
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 51 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Climate Challenges in Fragile and Conflict-Affected States by : Laura Jaramillo

Download or read book Climate Challenges in Fragile and Conflict-Affected States written by Laura Jaramillo and published by International Monetary Fund. This book was released on 2023-08-30 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fragile and conflict-affected states (FCS) already face higher temperatures than other countries and will be more exposed to extreme heat and weather events going forward. Using innovative approaches, the paper finds that in FCS, climate vulnerability and underlying fragilities—namely conflict, heavy dependence on rainfed agriculture, and weak capacity—exacerbate each other, amplifying the negative impact on people and economies. FCS suffer more severe and persistent GDP losses than other countries due to climate shocks because their underlying fragilities amplify the impact of shocks, in particular in agriculture. At the same time, climate shocks worsen underlying fragilities, namely conflict. Macro-critical adaptation policies are needed to facilitate the immediate response to climate shocks and to build climate resilience over time. Sizeable and sustained international support—especially grants, concessional financing and capacity development—is urgent to avoid worse outcomes, including forced displacement and migration. The IMF is stepping up support to FCS in dealing with climate challenges through carefully tailored policy advice, financing, and capacity development.

Assessing the Costs of Climate Change and Adaptation in South Asia

Author : Asian Development Bank
Publisher : Asian Development Bank
ISBN 13 : 9292545116
Total Pages : 229 pages
Book Rating : 4.2/5 (925 download)

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Book Synopsis Assessing the Costs of Climate Change and Adaptation in South Asia by : Asian Development Bank

Download or read book Assessing the Costs of Climate Change and Adaptation in South Asia written by Asian Development Bank and published by Asian Development Bank. This book was released on 2014-06-01 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report synthesizes the results of country and sector studies on the economic costs and benefits of unilateral and regional actions on climate change in the Asian Development Bank's six South Asia developing members, namely Bangladesh, Bhutan, India, the Maldives, Nepal, and Sri Lanka. The study takes into account the different scenarios and impacts projected across vulnerable sectors and estimates the total economic loss throughout the 21st century and amount of funding required for adaptation measures to avert such potential losses. It is envisioned to strengthen decision-making capacities and improve understanding of the economics of climate change for the countries in South Asia.