United Kingdom:Technical Assistance Report-Public Investment Management Assessment: Climate Change Module

Technical Assistance Report-Public Investment Management Assessment: Climate Change Module

Volume/Issue: Volume 2022 Issue 286

Publication date: September 2022

ISBN: 9798400218798

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Topics covered in this book

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International - Economics , Environmental Economics , Public Policy- Environmental Policy , Money and Monetary Policy , Public Finance , A , climate change framework , B , climate change objective , climate change governance framework , I , climate change , climate change risk priority area , Climate change , Public investment spending , Global

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Summary

This Technical Report discusses the results of applying the climate-focused module of the Public Investment Management Assessment (PIMA) to the United Kingdom (UK) in October 2021. The UK has some of the most ambitious climate mitigation targets in the world, requiring a strong role for public investment. The Climate-PIMA found that the UK has a relatively well-designed system to manage climate relevant public investment, but there is room to strengthen its institutional design and improve effectiveness. The application of the PIMA is covered in a separate companion report.