Review of the Climate Macroeconomic Assessment Program Pilots

June 16, 2023

Preview Citation

Format: Chicago

Review of the Climate Macroeconomic Assessment Program Pilots, (USA: International Monetary Fund, 2023) accessed November 21, 2024

Summary

This paper reviews the two Climate Macroeconomic Assessment Program (CMAP) pilots and proposes a way forward. It builds on the experience of the previous six Climate Change Policy Assessment (CCPA) pilots, and the recent rollout of the World Bank’s Country Climate and Development Report (CCDR). It also accounts for early experience with countries requesting support under the Fund’s Resilience and Sustainability Trust (RST). Based on the lessons from pilots and recent developments, staff proposes to streamline the CMAP to focus on the Fund’s comparative advantages in the areas of mitigation, PFM and macro-fiscal impact of climate change policies, provide a streamlined CMAP in exceptional circumstances, and expand more targeted CD in particular in support of RSF countries. This focused and tailored approach would benefit members as it is more agile, allows the Fund to serve more members within the same resource envelope and enhance synergies with other Fund products and the World Bank’s CCDR.

Subject: Climate change, Climate finance, Climate policy, Environment, Monetary policy, Political economy

Keywords: Adaptation, CCPA, Climate change, Climate diagnostic assessment, Climate finance, Climate policy, Climate policy ASSESSMENT tool, Climate risks, CMAP, CMAP pilot, CMAP template, Disaster risk financing, Global, Macro-fiscal impact of climate change, Mitigation, National climate strategies, PFM, Pilot country authorities, Program pilot, Resilience to climate change

Publication Details

Pages:

34
Volume:

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DOI:

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Issue:

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Series:

Policy Paper No. 2023/025
Stock No:

PPEA2023025
ISBN:

9798400243387
ISSN:

2663-3493

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