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G20 and Climate Responsive Budgeting

Author

Listed:
  • Kaur, Amandeep

    (National Institute of Public Finance and Policy)

  • Jha, Ajay Narayan

    (Government of India)

  • Chakraborty, Lekha

    (National Institute of Public Finance and Policy)

Abstract

Against the backdrop of G20, we analyze the climate responsive budgeting as a tool of transparency and accountability towards climate change commitments. The detail Demand for Grants across sectors in India is analyzed for the climate intensive allocations under the identified eight components of adaptation matrices, incorporating crop improvement and research, drought proofing and flood control, forest conservation, poverty alleviation and livelihood preservation, rural education and infrastructure, health, risk financing and disaster management, for the period 2020-21 to 2023-24 for adaptation accountability in India. We found that more than forty sectoral ministries have adaptation related expenditure, accounting for around 5 per cent of GDP in India. The fiscal marksmanship and PEFA scores related to these eight core areas revealed that there are deviations between Budget Estimates and Actual spending across sectors. The template for climate responsive budgeting attempted in the paper has policy contributions to make the climate responsive budgeting matrices sustainable and comparative across G20 countries.

Suggested Citation

  • Kaur, Amandeep & Jha, Ajay Narayan & Chakraborty, Lekha, 2023. "G20 and Climate Responsive Budgeting," Working Papers 23/401, National Institute of Public Finance and Policy.
    • Handle: RePEc:npf:wpaper:23/401
    Note: Working Paper 401, 2023
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    References listed on IDEAS

    as
    1. Jena, Pratap Ranjan & Sikdar, Satadru, 2019. "Budget Credibility in India: Assessment through PEFA framework," Working Papers 19/284, National Institute of Public Finance and Policy.
    2. Pratik Datta & Radhika Pandey & Ila Patnaik & Ajay Shah, 2023. "Understanding deviations from the fiscal responsibility law in India," Working Papers 23, xKDR.
    3. Murray Petrie, 2021. "The Evolution of Green Budgeting," Palgrave Studies in Impact Finance, in: Environmental Governance and Greening Fiscal Policy, chapter 0, pages 61-108, Palgrave Macmillan.
    4. Murray Petrie, 2021. "Environmental Governance and Greening Fiscal Policy," Palgrave Studies in Impact Finance, Palgrave Macmillan, number 978-3-030-83796-9, January.
    5. Lekha Chakraborty & Pinaki Chakraborty & Ruzel Shrestha, 2020. "Budget Credibility of Subnational Governments: Analyzing the Fiscal Forecasting Errors of 28 States in India," Economics Working Paper Archive wp_964, Levy Economics Institute.
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    Cited by:

    1. Chakraborty, Lekha, 2023. "Beyond GDP and Public Policies for Gender Equality: Gender Budgeting in Asia Pacific," Working Papers 23/404, National Institute of Public Finance and Policy.

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