Background information

Addressing the triple planetary crisis (climate, nature, pollution) demands a more strategic alignment of public and private finance with environmental sustainability. This includes realigning public finance to support climate and nature goals and using various financing instruments to attract additional funds. Revenue generation can be achieved through environmental tax reforms, and expenditures managed via subsidy reforms and tools such as payments for ecosystem services or climate funds.

To aid policymakers in adopting and utilizing fiscal policies tailored for environmental sustainability and economic resilience, an event targeting public finance and taxation professionals is proposed, with a focus on the LAC region. It aims to enhance knowledge exchange and peer-peer learning opportunities for Ministries of Finance and support them with the identification of necessary tools to spearhead the transition to a robustly growing, low-carbon, nature-positive and socially inclusive economy. The event will explore the roles, tools, and challenges in accelerating the economy's greening, including expert talks, roundtable discussions, and interactive sessions to facilitate the sharing of experiences and overcoming implementation barriers.