On September 25, 2018, the Ministry of Finance Planning and Economic Development (MoFPED) and the World Bank held a one-day workshop to mark the pilot implementation of the Climate Change Budget Tagging (CCBT) system. The CCBT is a system to identify and track climate-relevant public expenditures. The system will enable expenditure analysis for the Government of Uganda’s climate actions, and allow for consistent reporting by spending ministries, and budget planning.
The Africa Carbon Forum brings together policymakers and practitioners to discuss the latest developments related to climate change policy, carbon markets and finance. Its goal is to share knowledge on innovative solutions in the context of Nationally Determined Contributions (NDCs) and other strategies, and to explore possibilities for collaboration on regional and global climate change initiatives.
The training workshop ‘Smart Fiscal Policy for Climate Action’ was held in Arusha, Tanzania, from January 23-25, 2018. The workshop was organized by the World Bank’s Climate Action Peer Exchange (CAPE) and the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI).
At the first CAPE Partnership meeting in Washington D.C., during the 2017 WB-IMF Spring Meetings, the Colombian Finance Minister Mauricio Cárdenas Santamaría described how Colombia was planning to implement its NDCs, including the introduction of a carbon tax on fossil fuels. He expressed his personal commitment to the CAPE initiative and offered to host a CAPE workshop in Bogota.
The inaugural training workshop ‘Fiscal Policy for Climate Action’ was held in Shanghai from September 12-15, 2017.