Six good reasons to use EcoBUDGET
1. Mayors and CEOs become true resource managers
Budgeting supports mayors and managers to use local government resources efficiently when delivering services. Through the integration of financial and environmental budgeting, mayors and chief executives become true municipal resource managers.
2. Implementing the UN Millennium Development Goals
Millennium Development Goal 7 calls for integrated resource management to be enacted, aiding the management and protection of the environment. ecoBUDGET does just that, introducing integrated environmental and resource management which contribute to the stated goals.
3. Environmental resources are managed in an integrated way
Natural resources are used by a huge range of departments, services and utilities. The ecoBUDGET management instrument is therefore a cross cutting one, that encourages integration and involves diverse stakeholders in the pursuit of a single goal.
4. Unwavering attention to nature and environment is sustained
Thanks to the recurring nature of the ecoBUDGET cycle, political attention and will is focused for longer on the environment
and natural resources. ecoBUDGET manages to remove the highs and lows of politics towards ecology, ensuring it is always on the political agenda.
5. Improved financial credibility
ecoBUDGET allows local governments to assess their resource efficiency on an on-going basis, and therefore encourages consistent improvement. The detailed ecoBUDGET documentation supports transparency and accuracy, and allows local governments to prove their efficiency and commitment to enhancing ecological sustainability. This is a prerequisite for many donor organisations, and so can lead to a greater likelihood of grants / successful project bids. Thanks to this openness and proven efficiency, higher ratings can be achieved from banks and insurance companies.
6. Local capacity development
The tool provides a framework to manage communities based on needs and the principles of ecological sustainability. This framework strengthens decision-makers ability to enact appropriate policies and procedures to strengthen integrated management. The tool also improves procedural discipline, and provides training and support. An additional benefit is that it serves as a basis for addressing issues from the local to global level.