United Kingdom: Technical Assistance Report-Public Investment Management Assessment: Climate Change Module
IMF Staff Country Reports, September 2, 2022
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- United Kingdom: Technical Assistance Report-Public Investment Management Assessment: Climate Change Module
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Bibliographic details
- Published: September 2, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400218798.002
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.
- Publication date: September 2, 2022.
Major findings
- The UK’s climate mitigation targets are described as "some of the most ambitious" globally, implying substantial public investment needs.
- The Climate-PIMA assessment characterizes the UK system as "relatively well-designed" for managing climate-relevant public investment.
- Identified gap: need to strengthen institutional design and improve effectiveness of the system managing climate-relevant public investment.
Subject areas and keywords
- Subject: Climate change, Environment, Expenditure, International organization, Monetary policy, Public investment spending
- Keywords: A. climate change framework, B. climate change objective, Climate change, climate change governance framework, climate change risk priority area, Global, I. climate change, Public investment spending
Content in this bundle
- 1gbrea2022011