Adapting Fiscal Decentralization Design to Combat Climate Change

Adapting Fiscal Decentralization Design to Combat Climate Change

There are still many countries around the world that have not effectively engaged their subnational governments in their climate change strategies and policy frameworks. Where subnational levels are involved, generally they still play a relatively...

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Bibliographic Details
Main Author: Martinez-Vazquez, Jorge
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2021
Subjects:
CLIMATE CHANGE
CLIMATE CHANGE MITIGATION
GREENHOUSE GAS EMISSIONS
SUBNATIONAL GOVERNANCE
NATIONAL GOVERNANCE
FISCAL DECENTRALIZATION
REVENUE TRANSFERS
SUBNATIONAL BORROWING
Online Access:http://documents.worldbank.org/curated/en/654941625173951298/Adapting-Fiscal-Decentralization-Design-to-Combat-Climate-Change
http://hdl.handle.net/10986/35899
id okr-10986-35899
recordtype oai_dc
spelling okr-10986-358992022-09-20T00:08:45Z Adapting Fiscal Decentralization Design to Combat Climate Change Martinez-Vazquez, Jorge CLIMATE CHANGE CLIMATE CHANGE MITIGATION GREENHOUSE GAS EMISSIONS SUBNATIONAL GOVERNANCE NATIONAL GOVERNANCE FISCAL DECENTRALIZATION REVENUE TRANSFERS SUBNATIONAL BORROWING There are still many countries around the world that have not effectively engaged their subnational governments in their climate change strategies and policy frameworks. Where subnational levels are involved, generally they still play a relatively small role. This paper examines how the principles of fiscal decentralization design (in expenditure and revenue assignments, transfers, and borrowing) can be adapted to successfully engage subnational governments in fighting climate change. In addition, the paper critically reviews ongoing international practices, both effective and less effective, that involve subnational governments in climate change mitigation and adaptation. Shared responsibility for policy and program design and implementation, fee-or charge-funded adaptation activities, objective-targeted intergovernmental transfers, and the use of green bonds are some of the most promising approaches analyzed. Clearly, there is ample space ahead for the further involvement of subnational governments across the world in combating climate change. 2021-07-14T15:11:53Z 2021-07-14T15:11:53Z 2021-07-01 Working Paper http://documents.worldbank.org/curated/en/654941625173951298/Adapting-Fiscal-Decentralization-Design-to-Combat-Climate-Change http://hdl.handle.net/10986/35899 English Climate Governance Papers; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic CLIMATE CHANGE
CLIMATE CHANGE MITIGATION
GREENHOUSE GAS EMISSIONS
SUBNATIONAL GOVERNANCE
NATIONAL GOVERNANCE
FISCAL DECENTRALIZATION
REVENUE TRANSFERS
SUBNATIONAL BORROWING
spellingShingle CLIMATE CHANGE
CLIMATE CHANGE MITIGATION
GREENHOUSE GAS EMISSIONS
SUBNATIONAL GOVERNANCE
NATIONAL GOVERNANCE
FISCAL DECENTRALIZATION
REVENUE TRANSFERS
SUBNATIONAL BORROWING
Martinez-Vazquez, Jorge
Adapting Fiscal Decentralization Design to Combat Climate Change
relation Climate Governance Papers;
description There are still many countries around the world that have not effectively engaged their subnational governments in their climate change strategies and policy frameworks. Where subnational levels are involved, generally they still play a relatively small role. This paper examines how the principles of fiscal decentralization design (in expenditure and revenue assignments, transfers, and borrowing) can be adapted to successfully engage subnational governments in fighting climate change. In addition, the paper critically reviews ongoing international practices, both effective and less effective, that involve subnational governments in climate change mitigation and adaptation. Shared responsibility for policy and program design and implementation, fee-or charge-funded adaptation activities, objective-targeted intergovernmental transfers, and the use of green bonds are some of the most promising approaches analyzed. Clearly, there is ample space ahead for the further involvement of subnational governments across the world in combating climate change.
format Working Paper
author Martinez-Vazquez, Jorge
author_facet Martinez-Vazquez, Jorge
author_sort Martinez-Vazquez, Jorge
title Adapting Fiscal Decentralization Design to Combat Climate Change
title_short Adapting Fiscal Decentralization Design to Combat Climate Change
title_full Adapting Fiscal Decentralization Design to Combat Climate Change
title_fullStr Adapting Fiscal Decentralization Design to Combat Climate Change
title_full_unstemmed Adapting Fiscal Decentralization Design to Combat Climate Change
title_sort adapting fiscal decentralization design to combat climate change
publisher World Bank, Washington, DC
publishDate 2021
url http://documents.worldbank.org/curated/en/654941625173951298/Adapting-Fiscal-Decentralization-Design-to-Combat-Climate-Change
http://hdl.handle.net/10986/35899
_version_ 1764484057546096640

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