High Time for Green Budgeting
Posted by Murray Petrie[1]
In a previous PFM blog I discussed the urgent need for stronger mechanisms of environmental stewardship. This article discusses the closely related topic of ‘green budgeting’.
Green budgeting refers to use of the budgetary system to achieve improved environmental outcomes (OECD 2018). Some of the environmental impacts of fiscal policy are positive. Examples include funding for environmental protection, R&D spending on green technologies, environmental regulation, the collection, monitoring, reporting of environmental data, and research on how to conserve the environment.
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