Environmental Finance

The Environmental Finance Programme assists the EECCA and East Asian countries in ensuring effective financing of environmental public goods, which are corner stones of sustainable development along with social public goods (e.g. health care, education) and eradicating poverty.

What's new

Policy Brief - Making Environmental Spending Count

27-Sep-2007

What is the rationale for public environmental expenditure? How can improved management practices contribute to lowering the costs of achieving environmental benefits? A set of practical tools have been developed to support government efforts in implementing good international practices for managing public environmental expenditure programmes.

Lessons Learnt from Experience with Debt-for-Environment Swaps in Economies in Transition

21-Sep-2007

Debt-for-environment swaps can help simultaneously reduce fiscal stress, stimulate economic growth and increase domestic resources for environment. This report summarises the major lessons learnt from the experience with designing, negotiating and implementing debt-for-environment swaps in CEE and EECCA countries. The analysis presents a possible model that indebted low-income countries and their creditors could use to channel finance to address environmental problems of international significance.

Trends in Environmental Finance in Eastern Europe, Caucasus and Central Asia

24-Jul-2007

The report builds on the analysis of environmental financing in Eastern Europe, Caucasus and Central Asia (EECCA) prepared within the framework of the “Environment for Europe” ministerial conferences. It provides a comprehensive picture of financial flows for the improvement of the environmental conditions in the EECCA region based upon the assessment of domestic environmental expenditure as well as donors’ assistance and lending from International Financial Institutions (IFIs).

Lessons Learnt from Financing Strategies for the Municipal Waste Management Sector in Selected EECCA Countries

27-Aug-2007

The publication sketches a realist portrait of the municipal waste management sector in EECCA based on field work, presents lessons learnt from the financing strategy case studies, and proposes recommendations on policies which could be implemented in EECCA countries to promote a more financially sustainable municipal waste sector.

Handbook for Appraisal of Environmental Projects Financed from Public Funds

15-Jun-2007

The Handbook proposes a set of management tools and approaches to designing realistic public environmental expenditure programmes and selecting and financing the most cost-effective projects supported with public funds. It focuses on appraising investment projects in the water sector. It is tailored to the perspective of the public financier, not the project promoter.
 

Implementation of a National Finance Strategy for Water Supply and Sanitation Sector in Armenia

31-Aug-2007

Water supply and sanitation (WSS) infrastructure in Europe, Caucasus and Central Asia is often critically deteriorated, involving significant risks for human health and the environment. Achieving the Millennium Development Goals on water supply and sanitation is therefore a serious challenge in many countries in the region. Armenia, one of the poorest countries in the region, faces many of these challenges as well as serious financial constraints related to affordability issues in households and public budgets.

First Training in Appraisal of Environmental Projects Financed from Public Funds

19-Feb-2007

The first training on Appraisal of Environmental Projects Financed from Public Funds was held 16-19 January 2007 in Chisina, Moldova.

Tenth Meeting of the EECCA Environmental Finance Network

08-Dec-2006

The EAP Task Force is preparing the tenth annual meeting of the EECCA Environmental Finance Network. The meeting will be held on 22-23 February 2007 at the OECD Headquarters in Paris.

Mechanisms for Managing Public Environmental Expenditure in Selected OECD Countries

27-Nov-2006

Public environmental expenditure programmes play a key role in environmental finance in most OECD member and non-member countries. This report presents different institutional options for managing such programmes, with a focus on the water sector in four OECD countries, namely: Austria, Belgium (the Region of Flanders), France and Germany. The analysis uses the Good Practices for Public Environmental Expenditure Management, a performance review framework, developed by the OECD.

Performance Review of the State Environmental Protection Fund of Ukraine

28-Sep-2006

This report analyses the performance of the State Environmental Protection Fund of Ukraine. The OECD Good Practices for Public Environmental Expenditure Management have been used as a benchmark for this evaluation. The Fund has been analysed in terms of environmental effectiveness, good budgetary practices and management efficiency. The Review has identified the strengths and weaknesses in the Fund's governance structure and has proposed possible reform measures for its institutional strengthening.

Financing Water Supply and Sanitation in Eastern Europe, Caucasus and Central Asia: Ministerial Conference Proceedings

06-Jul-2006

On 17th-18th November2005, OECD and the Government of Armenia co-organised a conference of Ministers of Economy/Finance, Environment and Water.
This document presents the conference proceedings. Ministers discussed how to address the critical situation of the water sector in EECCA countries, particularly how to finance much-needed improvements. The meeting examined progress in light of a set of guiding principles they had adopted at an earlier meeting in Almaty in 2000.

Debt-for-Environment Swap in Georgia: Pre-feasibility Analysis, Institutional Options and Potential Project Pipelines

28-Feb-2006

The first part of this report assesses the feasibility for implementing a debt-for-environment swap between Georgia and some of its creditors. Under certain conditions, such a swap could be feasible and mutually beneficial for both sides. The second part of this study presents five project pipelines in priority environmental sectors that could be co-financed by a debt-for environment swap. Such projects are likely to carry most weight with creditors interested in such swaps.

Pre-feasibility Study for Debt-for-Environment Swap in the Kyrgyz Republic

24-Nov-2005

This report assesses the feasibility for implementing a debt-for-environment swap between the Kyrgyz Republic and its creditors. It concludes that such a swap could be feasible and mutually beneficial if specified conditions are met. The analysis presents a possible model that other indebted countries and their creditors could use to address environmental problems of international significance. Well-designed projects could simultaneously help to alleviate poverty and improve living standards.

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