The document provides guidelines to identify and classify the budget items linked to decarbonisation and climate change adaptation, as per the Basque Energy Transition and Climate Change Act 1/2024; it also estimates the energy transition and climate perspective in the Budget of the Basque Country as standing at 1.9%.

The Basque Government’s Ministry of Industry, Energy Transition and Sustainability – through Ihobe – has produced the ‘Methodological Guide to Include the Energy Perspective and Climate in the Budget of the Basque Country’, in conjunction with the Basque Energy Board and the Budget Office of the Basque Government’s Ministry of the Treasury and Finance; the document is driven by the pressing need to advance towards low-carbon economies and to bolster resilience to tackle climate change. The guide provides a clear framework that is traceable and replicable to steer public financial planning towards the climate undertakings of the Basque Country. 

Climate budgets have recently become a key tool to align public policies with the climate change mitigation and adaptation goals. Their role is to identify, classify and assess the climate impact of public expenditure, by facilitating a more efficient allocation of resources to measures fostering the climate and energy transition.