Knowing What You Spend: A guidance note for governments to track climate change finance in their budgets

Climate Budget Tagging (CBT) is a tool for monitoring and tracking of climate-related expenditures in the national budget system. It provides comprehensive data on climate-relevant spending, enabling government to make informed decisions and prioritize climate investments. CBT enables public scrutiny on government and donors’ spending on tackling climate change issues strengthening accountability and transparency. 

On the basis of technical assistance to several countries in Asia-Pacific, UNDP has prepared a guidance note and publication that discusses of the main approaches and challenges to coding and classifying public expenditure with a climate change lens.

This resource provides further guidance on Stage 1: Investment Planning and Mobilization Capacity, Component 5: Monitoring and reporting of the Climate Investment Planning and Mobilization Framework (CIPMF).