Technical Assistance Report – Public Investment Management Assessment: Climate Change Module

This Technical Report discusses the results of applying the climate-focused module of the Public Investment Management Assessment (PIMA) to the 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.