Poverty-Environment Action focuses on deepening and broadening poverty-environment and climate mainstreaming and aligning finance and investment with poverty, environment and climate objectives, in the face of the changing forms and conditions of poverty found in the world today. Greening Public Finance is a central part of this strategy. Poverty-Environment Action further aims at helping establish the enabling conditions for aligning public and private finance and investment with environmental sustainability and climate objectives for poverty eradication through the development of national SDG financing strategies and innovative financing instruments, and by applying economic analysis to inform investment and expenditure decision-making.
Increased capacity and capability in private, public sector and civil society can help catalyze investments and access to resources, resulting in ecosystems restoration actions on the ground, and improved livelihoods of communities most closely dependent upon these restored ecosystems. To enhance this capacity, Poverty-Environment Action in partnership with the European Union organized a knowledge sharing webinar on Greening Budget and Greening Public Finance Management: Supporting National Partners in Prioritizing Environment and Climate Change Objectives which was held on 1 December 2021.
The webinar discussed the importance of budget support and fiscal policies as useful tools to promote the green agenda. An overview of the Poverty-Environment Action and other UNDP and UNEP tools on Public Financing and Planning was shared and discussed. This included successful examples from countries (Indonesia, Rwanda and Cameroon).