This online Public Financial Management training is being delivered live in 2 individual sessions which run on consecutive days. The sessions will run each day from 13:00 – 17:00 London (UK).
Policy makers are increasingly recognising the role that can be played by public finances in facilitating policy measures to mitigate environmental threats through the use of financial levers such as:
- taxation and subsidies such as emission trading schemes;
- targeted expenditure; and
- public procurement policies.
The course will review the current state of play and consider how specific financial levers can be used to support environmental policies, what approaches have been successful and how the potential for negative impacts of these policies (fraud, pushback from business and citizens, market distortions) can be recognised and addressed.
Public finances will also be essential in supporting adaptation to the consequences of environmental threats, for example through better flood protection, addressing food insecurity, improved infrastructure to cope with more intense storms etc. This course will consider the options for funding such adaptations through taxation, public private partnerships, international support etc.
Reporting information on how public sector entities are responding to environmental challenges is essential for accountability and decision making purpose. The course will therefore describe financial and non-financial environmental reporting frameworks used by public sector entities including those initially developed for the non-public sector (GRI, SASB, IIRC etc), together with relevant assurance frameworks.