8th OECD Forum on Green Finance and Investment

OECD-EU Expert Workshop: Subnational Government Finance for Climate Action

Oct 13, 2021 | 1:30 PM - 3:30 PM


Regional and local governments have considerable spending power related to the environment and climate. A 2018 OECD pilot study found that in 2016, on average, subnational governments accounted for 55% of public spending and 64% of public investment related to the environment and climate across the OECD. However, the study also revealed that there are significant data limitations, both at the macro level (national accounts) and the micro level (budget) that impede the correct tracking of subnational climate finance flows. To bridge this gap the OECD has launched a new programme to track subnational climate finance and support green budgeting in regions and cities. The purpose of this expert workshop is to present the preliminary findings of the analyses, gather feedback from experts in the field, as well as to generate discussion on how enhanced measurement and alignment of subnational public climate finance can help mobilise private finance for subnational climate action. To find out more and register for this session , please visit: https://www.oecd.org/regional/multi-level-governance/sng-climate-workshop.htm

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