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dc.titleToward Resilient, Decarbonized Public Investment: Practices for Integrating Climate Action into Public Investment Management
dc.contributor.authorEguino, Huáscar
dc.contributor.authorDelgado, Raúl
dc.contributor.authorButtazzoni, Marco
dc.contributor.authorAlvarenga, Marcio
dc.contributor.authorPalomo, Lorena
dc.contributor.authorCartes, Fernando
dc.contributor.authorSalinas, Marcela
dc.contributor.authorRuiz, Laura
dc.contributor.authorAguilar, Juan Carlos
dc.contributor.editorEguino, Huáscar
dc.contributor.orgunitFiscal Management Division
dc.contributor.orgunitInstitutions for Development Sector
dc.coverageLatin America
dc.coverageThe Caribbean
dc.date.available2024-02-23T00:02:00
dc.date.issue2024-02-23T00:02:00
dc.description.abstractPublic investment is a powerful instrument to address climate change mitigation and adaptation challenges, support the transition to low-carbon economies, and help countries meet the goals established in the Paris Agreement. However, for this to occur effectively, public investment management processes must incorporate the climate perspective as part of the planning, resource allocation, and project implementation tools. Two main areas that guide this work are defining the tools and determining what has been learned about their implementation. The chapters herein present a series of management practices and tools that are useful for integrating climate action into investment management, with particular attention to those that support the planning and resource allocation stages. In the planning stage, the work analyzes the following aspects: (i) the use of long-term climate strategies as guiding instruments for public investment; (ii) the design and adoption of national green/climate financing strategies; (iii) the use of investment taxonomies as tools for classifying economic activities and assets according to their contribution to reaching the environmental objectives and adaptation and mitigation; (iv) the application of the social carbon price in the cost-benefit evaluation of projects; and (v) the integration of climate risks in public investment management. In the resource allocation stage, the document analyzes outstanding practices for integrating climate action into public investment prioritization processes.
dc.format.extent148
dc.identifier.doihttp://dx.doi.org/10.18235/0005663
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Toward-Resilient-Decarbonized-Public-Investment-Practices-for-Integrating-Climate-Action-into-Public-Investment-Management.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Rumbo-a-una-inversion-publica-resiliente-y-descarbonizada-practicas-de-integracion-de-la-accion-climatica-en-la-gestion-de-la-inversion-publica.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectPublic Investment
dc.subjectInvestment
dc.subjectClimate Policy
dc.subjectFinance
dc.subjectClimate Resilience
dc.subjectClimate Change
dc.subjectEconomy
dc.subjectClimate Expenditure
dc.subjectDisaster
dc.subjectClimate Finance
dc.subjectTaxonomy
dc.subjectGreenhouse Gas Emission
dc.subjectDisaster Risk Management
dc.subjectResilience
dc.subjectNationally Determined Contribution
dc.subjectMinistries
dc.subjectDecarbonization
dc.subject.jelcodeH43 - Project Evaluation • Social Discount Rate
dc.subject.jelcodeH54 - Infrastructures • Other Public Investment and Capital Stock
dc.subject.jelcodeH84 - Disaster Aid
dc.subject.jelcodeO16 - Financial Markets • Saving and Capital Investment • Corporate Finance and Governance
dc.subject.jelcodeO21 - Planning Models • Planning Policy
dc.subject.jelcodeO22 - Project Analysis
dc.subject.jelcodeO23 - Fiscal and Monetary Policy in Development
dc.subject.jelcodeO44 - Environment and Growth
dc.subject.jelcodeO54 - Latin America • Caribbean
dc.subject.keywordsclimate change;mitigation;adaptation;Disaster Risk Management;Energy Transition;public investment management;sustainable development;Sustainable Finance;planning;taxonomies;Project evaluation;cost-benefit analysis;social price of carbon;Resilient Infrastructure;decarbonization;Paris Agreement;Latin America;Caribbean
idb.identifier.pubnumberIDB-MG-01179
idb.operationRG-T3993
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