Background

Under the Paris Agreement’s Enhanced Transparency Framework (ETF), Parties are required to regularly report information on climate action and support, including climate finance provided, mobilized and received, through Biennial Transparency Reports (BTRs).

For Caribbean Small Island Developing States (SIDS), strengthening climate finance transparency is essential not only for meeting reporting requirements but also for supporting the implementation of Nationally Determined Contributions (NDCs), National Adaptation Plans (NAPs), and other national climate priorities. Reliable climate finance data helps governments track climate-related expenditures, identify financing gaps, and inform planning and budgeting decisions.

However, many countries in the region continue to face challenges in systematically identifying and tracking climate-related expenditures within national budget systems. Climate Budget Tagging (CBT) offers a practical approach to classify and monitor climate-related spending, strengthening national transparency systems while supporting more informed climate-responsive budgeting.

This webinar will introduce key approaches to climate finance tagging and highlight relevant methodologies and country experiences from the Caribbean region.

Objectives

The webinar, organized by the UNFCCC Regional Collaboration Centre Caribbean, in collaboration with CBIT-GSP, and ICAT, aims to demonstrate how Climate Budget Tagging (CBT) can support climate finance transparency across the budget cycle by:

• Informing climate-responsive budgeting and resource allocation (ex-ante).

• Monitoring, tracking and reporting climate-related expenditures (ex-post).

Expected Outcomes

Participants will:

• Gain a clearer understanding of the role of climate finance tagging within national transparency systems.

• Become familiar with practical approaches for defining, classifying and tagging climate-related expenditures.

• Identify institutional arrangements and data sources needed to support climate finance tracking.

• Share country experiences, challenges and good practices.

• Explore potential follow-up support, peer learning opportunities and capacity-building activities.

Target Audience

The webinar is designed for:

• Officials from ministries of finance, planning, environment and climate change

• Climate finance units and national budget coordination teams

• National experts responsible for climate finance tracking and reporting

• Regional and international partners supporting transparency and climate finance initiatives