OECD COP28 Virtual Pavilion

Tracking national and subnational government climate actions through their functional expenditure (COFOG)

Dec 6, 2023 | 2:00 PM - 3:30 PM


Monitoring progress towards meeting the Paris Agreement requires improving the tracking and measurement of public climate-significant expenditure, including investment, at all levels of government. The current system to classify public spending according to functions of government, or COFOG, was developed under the framework of the International System of National Accounts. While this system enables international harmonisation and comparability, there is broad consensus that the COFOG, which is now more than 20 years old, is no longer fit for the purpose. This is especially the case with respect to cross-cutting issues of special and increasing interest to policymakers in the environmental field, such as climate, biodiversity, integrated water management, and the circular economy. This session, jointly organised by the OECD’s Centre for Entrepreneurship, SMEs, Regions and Cities and the OECD’s Environment Directorate, will discuss on-going work to overcome the limitations of the COFOG, in the context of the experience and lessons learnt from pilot tracking exercises at national and subnational government levels, and how this can better support the action of policy-makers at all levels towards the net zero transition.

component bloc not found

Moderated by

component bloc not found


Find out more  Related resources


Subnational Government Climate Finance Hub

Given the urgency of the climate crisis, it is more important than ever to improve our understanding of the financial role of subnational governments in the transition, to track the progress regions and cities are making towards achieving the Paris Agreement commitments and other green objectives, and to identify areas where further action is needed to align their expenditure, investment and revenues with their climate goals and mobilise additional sources of finance. 
Read more

Measuring & monitoring 

International Programme for Action on Climate 

The OECD International Programme for Action on Climate (IPAC) supports country progress towards net-zero greenhouse gas (GHG) emissions and a more resilient economy by 2050. Through regular monitoring, policy evaluation and feedback on results and best practices, IPAC helps countries strengthen and co-ordinate their climate action. It complements and supports the UNFCCC and the Paris Agreement monitoring frameworks.
Read more

component bloc not found

Tip  How can I join this session?

Once registered for the session, click on the image on the top right of your screen to join the live session. Sessions will be recorded and available to watch again. You need to be logged in to watch a session replay.

Session times reflect your computer's local time zone. 

Go further These sessions may interest you