About the Coalition

Finance Ministers hold the keys to accelerating climate action. They know most clearly the risks posed by climate change, and recognize how taking action could unlock trillions in investments and create millions of jobs through 2030.

The Coalition of Finance Ministers for Climate Action brings together fiscal and economic policymakers from over 90 countries in leading the global climate response and in securing a just transition towards low-carbon resilient development.

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The Helsinki Principles

The six Helsinki Principles guide the Coalition's commitment to #ClimateAction

Helsinki Principle 1: Align Policies with the Paris Agreement

Align our policies and practices with the Paris Agreement commitments
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Helsinki Principle 2: Share Experiences & Expertise

Share our experience and expertise with each other in order to provide mutual encouragement and promote collective understanding of policies and practices for climate action
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Helsinki Principle 3: Promote Carbon Pricing Measures

Work towards measures that result in effective carbon pricing
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Helsinki Principle 4: Mainstream Climate in Economic Policies

Take climate change into account in macroeconomic policy, fiscal planning, budgeting, public investment management, and procurement practices
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Helsinki Principle 5: Mobilize Climate Finance

Mobilize private sources of climate finance by facilitating investments and the development of a financial sector which supports climate mitigation and adaptation
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Helsinki Principle 6: Engage in NDC Development

Engage actively in the domestic preparation and implementation of Nationally Determined Contributions (NDCs) submitted under the Paris Agreement
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Workstream: Adaptation

Adapting to the risks of climate change to moderate potential damages or to benefit from opportunities
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Workstream: Green and Just Transition

Combining environmental sustainability with social justice must be considered in any effort to build a more sustainable future for everyone
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Workstream: Nature

Prioritizing nature-based solutions in budgeting decisions is imperative for the Ministries of Finance to mitigate environmental impact
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Member Countries



View recent and upcoming Coalition events, including workshops, webinars and meetings

Coalition Presents its Work Program for 2024-25

April 22, 2024


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View/Download the 2024-2025 Strategic Work Program

It is the first time the Coalition sets out a Strategic Work Program for two years, to provide a longer, strategic horizon to work towards collectively. The Work Program has been developed through an inclusive and consultative process including a member survey, various member consultation calls, discussions during the annual in-person deputies meeting, and has been adopted by the members of the Coalition in March 2024.  

In 2024-2025, the Coalition will build on previously achieved results and building blocks, make continuous improvements based on member feedback, to further increase the Coalition’s impact – both politically and on the ground.

This Strategic Work Program now acts as the central document for all key Coalition information.

Joint Call to Action: Finance Ministries are Key to Accelerated Climate Action through Ambitious NDCs

April 17, 2024


Finance Ministries hold the keys to unlocking the transformative potential of new national climate plans according to global finance leaders and the United Nations*

With escalating climate impacts taking place around the world, we are increasingly facing the devastating consequences of the climate crisis, impacting our economies, livelihoods and ecosystems. The results of the first Global Stocktake clearly show that the world is not on track to achieve the critical climate goals  as set out in the Paris Agreement. We must therefore urgently curb greenhouse gas emissions, take ambitious adaptation measures, and direct economic development towards more sustainable pathways.

Over the next year, countries have the opportunity to turn the tide of the climate crisis through the submission of their new Nationally Determined Contributions (NDCs), countries’ national climate plans under the Paris Agreement framework, to the United Nations Climate Change Secretariat in 2025. As we are presented with this unique moment to define the 2035 climate targets, the next round of NDCs must be ambitious, follow a whole-of-society approach, be informed by the Global Stocktake from COP28,  and re-align global efforts with the goals set out in the Paris Climate Agreement. The window of opportunity is rapidly closing, and we cannot afford to miss it. Therefore, all stakeholders need to step up, including the finance community with Finance Ministers as important champions.

Well-designed NDCs will not just enhance climate resilience and help countries protect their citizens from the worst effects of climate change. They provide a strategic avenue for countries to improve the livelihoods of people, families and local communities. A low-carbon economy can contribute to eradicate poverty and eliminate hunger while promoting good health and wellbeing. NDCs provide significant benefits and opportunities to countries and to the economic and fiscal objectives of Finance Ministries. For future generations, the social, environmental, and financial cost of delayed inaction will far outweigh the costs of bold actions required today.

Finance Ministries hold the keys to unlocking the potential of NDCs, thereby safeguarding and improving the wellbeing of their citizens. At the heart of successful NDCs, lie robust financing and investment plans. As key coordinators of the economic, fiscal and financial policies, Finance Ministries have a critical role to play in designing these plans to ensure that NDCs are ambitious, realistic, and economically viable. Finance Ministries are crucial in mobilizing public and private financial resources, allocating investment and expenditures, providing guidance on effective costing practices, developing sound macroeconomic forecasts, designing measures to mitigate potentially adverse distributional impacts of climate policies, and aligning NDC planning with national development planning and budget cycle.

As a Coalition of Finance Ministers for Climate Action with over 90 members from all regions of the world facing distinct but shared challenges, we recently launched a dedicated NDC support initiative together with the NDC Partnership at COP28. This support initiative assists Finance Ministries in developing, financing, and implementing NDCs for strengthened climate action, benefiting from the support, experience and expertise of the Partnership’s over 220 members.

With the 2025 NDC deadline rapidly approaching, we are calling on Finance Ministries to rise to the occasion by proactively engaging with the development of their country’s new NDCs. Finance Ministries can particularly focus on their pivotal role in steering climate action through the strategic elimination of harmful financial incentives for carbon-intensive activities, mobilizing fiscal space, attracting private sector investment, and enhancing coordination with other government ministries. The Coalition network stands ready to support this effort, including through strengthening climate capacities of Finance Ministries, sharing knowledge, best practices and country experiences, as well as connecting members’ needs with Institutional Partners.

We are also calling on Ministries of Environment and Climate Change, generally the leading coordinators for NDCs, to proactively engage Finance Ministries from an early stage to develop robust NDC financing plans and support their implementation. We look forward to promoting a joint dialogue to keep the drumbeat going for concerted climate action on the road to 2025.


**At the 11th Ministerial Meeting of the Coalition of Finance Ministers for Climate Action on 17 April 2024 in Washington DC, building on the momentum generated by its fifth anniversary, the Co-Chairs of the Coalition of Finance Ministers for Climate Action (Minister of Finance of the Netherlands, Steven van Weyenberg, and Minister of Finance of Indonesia, Sri Mulyani Indrawati), the Co-Chairs of the NDC Partnership (Jeanine Munyeshuli, Minister of Environment of Rwanda, Jeanne d’Arc Mujawamariya, Dan Jørgensen, and Minister of Finance of Denmark, Nicolai Wammen), and high-level representatives of the UN system (UNFCCC Executive Secretary Simon Stiell and UNDP Administrator Achim Steiner) made a joint call to actively involve and engage as Finance Ministries in developing, implementing and financing the new Nationally Determined Contributions (NDCs) under the Paris Agreement ahead of the 2025 submission deadline at COP30.

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View/Download the Joint Call to Action here


Global Leaders Call for Stronger Engagement from Ministries of Finance to Raise Climate Ambition and Accelerate Climate Action

April 17, 2024


Washington DC, United States, 17 April 2024 – In a vital push for climate action, global finance and environmental leaders alongside the UN, issued a Call to Action today to strengthen the engagement of Ministries of Finance in developing, implementing, and financing new national climate plans, or Nationally Determined Contributions (NDCs), due in 2025.  

Marking the five-year anniversary of the Coalition of Finance Ministers for Climate Action, the Call to Action emphasizes that Finance Ministries hold the keys to unlocking the transformative potential of new national climate plans. With support from Finance Ministries, new national climate plans can be investable plans - that safeguard and improve the livelihoods of people, families and local communities across the board.

Minister of Finance of Indonesia and Co-Chair of the Coalition of Finance Ministers for Climate Action, Sri Mulyani Indrawati said: “Ministries of Finance have a critical role to play in ensuring that Nationally Determined Contributions (NDCs) incorporate a broad set of economic considerations and advance socioeconomic well-being. However, 73% of coalition Finance Ministries are not currently involved in development of their country's NDCs. Therefore, we have convened today in Washington DC for the 11th Ministerial Meeting of the Coalition of Finance Ministers for Climate Action to advance the involvement of Ministries of Finance in the design and implementation of NDCs. By playing a more strategic role in the NDC process, we can integrate financial solutions into national pathways to a low-carbon future and accelerate climate action. The Coalition network stands ready to support these efforts.”

NDC Partnership Co-Chair and Minister of Development Cooperation and Global Climate Policy of the Kingdom of Denmark Dan Jørgensen said: “NDCs are crucial to enhancing climate resilience and helping the citizens of countries around the world adapt to the worst effects of climate change. Strong engagement by the Ministries of Finance, and the collaboration between the Coalition of Finance Ministers and the NDC Partnership, which Denmark and Rwanda are co-chairing, is instrumental in the formulation and execution of ambitious NDCs aligned with national development priorities.”

The Co-Chair of the Coalition of Finance Ministers for Climate Action Minister of Finance of the Netherlands Steven van Weyenberg added: “We have no time to spare when it comes to taking climate action. It is imperative that Finance Ministries actively contribute to developing and financing NDCs. For future generations, the social, environmental, and financial cost of delayed inaction will far outweigh the costs of bold actions required today.” 

NDC Partnership Co-Chair and Minister of Environment of the Republic of Rwanda Dr. Jeanne d'Arc Mujawamariya: “Today’s Call to Action highlights the urgent need to involve Ministries of Finance in the development and implementation of NDCs that reaffirm the spirit of the Paris Agreement. As a Co-Chair of the NDC Partnership, we stand committed to strengthening the engagement of Ministries of Finance in all aspects of NDC development and implementation to ensure that we respond to the outcomes of the Global Stocktake with the urgency this moment requires.” 

The Danish Minister of Finance, Nicolai Wammen, said: “Ministers of Finance need to step up and lead on climate action. The green transition requires historic investments and major structural changes to the economy. We need strong cooperation within governments on planning and implementation of the NDC’s. Otherwise we will not reach the finish line.”

The Call to Action is rooted in the urgent findings of the 2023 Global Stocktake, which warns that the world is significantly off track in meeting the goals of the Paris Agreement and urgent action is needed to combat the growing threats posed by climate change. According to the Call, through the submission of new NDCs to the United Nations Framework Convention on Climate Change (UNFCCC) in 2025, countries now have the opportunity to ‘turn the tide of the climate crisis’. 

Launched at the 11th Ministerial Meeting of the Coalition hosted by the World Bank and the International Monetary Fund, the Joint Call to Action is presented by both the Co-Chairs of the Coalition of Finance Ministers for Climate Action and the NDC Partnership, alongside the United Nations Framework Convention on Climate Change and United Nations Development Programme.

To learn more, read the full Joint Call to Action here.  

For Media Inquiries:  

NDC Partnership Communications Manager, Caity Pinkard: caitlin.pinkard@ndcpartnership.org   

About the Coalition for Finance Ministers for Climate Action 

The Coalition of Finance Ministers for Climate Action was created in 2019 and now has 92 members, including all the G7 countries, and 27 Institutional Partners. It brings together economic, fiscal and financial economic policymakers in leading the global climate response and in securing a just transition towards low-carbon resilient development. Together, the Coalition accounts for 40% of global CO2 emissions and a substantial 70% of global GDP. All members of the Coalition have committed to the six foundational Helsinki Principles, which require national action on climate change, particularly through fiscal and financial policies. The Coalition is currently co-chaired by the finance ministers of the Netherlands and Indonesia, the initiators of this Call to Action. 

About the NDC Partnership 

The NDC Partnership is a global coalition, bringing together more than 200 members, including more than 120 countries, developed and developing, and nearly 100 institutions to deliver on ambitious climate action that helps achieve the Paris Agreement and drive sustainable development. Governments identify their NDC implementation priorities and the type of support that is needed to translate them into actionable policies and programs. Based on these requests, the membership offers a tailored package of expertise, technical assistance, and funding. This collaborative response provides developing countries with efficient access to a wide range of resources to adapt to and mitigate climate change and foster more equitable and sustainable development. 


Climate is Becoming Part of Our Core Business - 92 countries work together for climate action

February 07, 2024


The Hague, February 1, 2024

Ministries of Finance from 92 countries work together for climate action

The Coalition of Finance Ministers for Climate Action met on February 1-2 in The Hague, the Netherlands. The Coalition offers a platform for ministers and ministries of Finance from 92 countries and several international organizations to discuss the financial aspects of climate change. Co-chairs Ralien Bekkers (the Netherlands) and Masyita Crystallin (Indonesia) sat down to discuss their goals and hopes for the meeting.

Bridging the gap between countries is part of the Coalition’s core. This is also reflected in its structure. Masyita: ‘The co-chair position by design is filled by one advanced economy, and one emerging or developing economy. Because countries come with different initial conditions, financial situations, emission accumulation, and overall stage of development.’ Countries take the position of co-chair for at least two years, with two possible one-year extensions. Indonesia will soon enter its final year; the Netherlands started as co-chair last year.

Honest conversation

The Coalition offers a platform for members to speak plainly. Masyita: ‘We have created a safe space for members to discuss things that are important for climate action but not yet implemented in their own country, or even are still politically sensitive.’ This puts the Coalition in a unique position. ‘We are not making formal decisions, but that also has a positive side’, Ralien adds. ‘Because it is not a formal process, there is room for honest conversation about what is actually working or not.’ She hopes these efforts will find their way into policy. ‘We would like to have more and more Ministers of Finance to take what’s discussed within the Coalition to a G20, to the COP, to other global fora – and of course to their own countries to advance implementation of actions on the ground.’

Peer network

But it is about more than just convening and speaking. Being able to call upon already proven ideas and ways of implementing climate action as ministries of Finance is an invaluable resource for members, despite the differences between countries. Ralien: ‘Policy instruments – practical implementation – are one of our key focuses as co-chairs. To collectively grow our understanding of what we can do in our own countries and how to do it. To achieve that, we are working to strengthen the peer network and facilitate the exchange of experiences through the Coalition.’


This year marks the fifth anniversary for the Coalition. In that time they have grown substantially, which provides both opportunities and challenges, Masyita states: ‘At the size we’re at right now, you run into the risk of becoming too big. You need a better mechanism to be able to hear everyone’s voice, so we really want to activate our members’ involvement in the Coalition.’ Ralien adds: ‘We want our members to become leaders and champions in their own regions, activating others. Our current chairmanship term will end in 2025, which coincides with an important UN Conference of Parties (COP) and a deadline for the next round of national climate plans. The Coalition advocates for ministries of finance to be more involved in those.’


There are, understandably, some that ask why the ministry of finance is involved in handling climate issues. Masyita: ‘Ministries of Finance are often outside of climate conversations. For example at the COP, Ministries of Finance are generally not part of the “parties” that represent their governments in the negotiations. But the involvement of our ministries helps move climate policy forward. This is part of why the Coalition was formed.’ The climate issues are also often so complex that they touch on many political and societal aspects. Ralien: ‘Climate is becoming part of our core business. It impacts fiscal affairs, it impacts costs; it impacts finance.’