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Environmental Governance and Greening Fiscal Policy

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  • Murray Petrie

    (Victoria University of Wellington)

Abstract

A comprehensive framework is put forward for environmental governance and the greening of fiscal policy. The framework combines national State of Environment Reporting, incorporation of the highest priority environmental indicators and targets in key national indicators, and their mainstreaming through integration in fiscal policy and the annual budget cycle. The key components of green fiscal policy are identified together with suggested annual green budget reports and periodic green fiscal reports. This is followed by discussion of the implementation of the greening of fiscal policy, covering six principles of green fiscal policy; preconditions for implementation; and an extensive discussion of priority entry points for greening fiscal policy depending on country circumstances.
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Suggested Citation

  • Murray Petrie, 2021. "Environmental Governance and Greening Fiscal Policy," Palgrave Studies in Impact Finance, Palgrave Macmillan, number 978-3-030-83796-9, December.
    • Handle: RePEc:pal:psifin:978-3-030-83796-9
    DOI: 10.1007/978-3-030-83796-9
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    Cited by:

    1. Kaur, Amandeep & Jha, Ajay Narayan & Chakraborty, Lekha, 2023. "G20 and Climate Responsive Budgeting," Working Papers 23/401, National Institute of Public Finance and Policy.

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