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Next Generation BudgetsWhat is Green Budgeting?
Green budgeting is a systematic process where governments integrate environmental and climate goals into their budgets to ensure spending and revenue align with sustainability objectives.
Financing the green transition requires more than public budgets alone - it calls for new partnerships, innovation, and shared learning. Through Next Generation Budgets, state and regional governments of the Under2 Coalition are working together in a community of practice to explore how to unlock more financing for local climate action.
Green budgeting is the climate tool governments can't afford to ignore
How to start your Next Generation budgets journey
Building on Next Generation Budgets project, our 10 actionable steps guide subnational governments to integrate climate and environmental priorities into budgeting processes.
From embracing a whole-all government approach to grounding green budget tagging – a tool to identify, classify, and track budgetary measures according to their environmental and climate impacts - into regional climate strategies, these steps provide a checklist for embedding sustainability into public budgetary policy.