We recommend, as a starting point, reviewing the COP 101 Debrief

The key takeaways from the 14th Ministerial Meeting: Climate Action Statement 2025 and Interactive Map with 500+ Actions

• Coalition of Finance Ministers Event - Adaptation Working Group High-Level Roundtable Summary Read-Out
• Thematic Report: " How Finance Ministries Can Assess and Manage Physical Climate Risks and Adaptation" 

• Video Presentations on Adapation:

  Prof. Nicola Ranger (Oxford & LSE) presented a framework for integrating climate risks into fiscal governance.

• Jay Koh's (Lightsmith Group) powerful message: "Adaptation is not a choice but a reality. There is a strong role for the private sector".

NDC Implementation:

1- The role of Ministries of Finance in Creating Implementable and Investable NDCs 3.0

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

3- Strengthening Finance Ministries’ capacity and engagement in the Nationally Determined Contributions (NDCs)

4- Strengthening Finance Ministries’ capacity and engagement in the Nationally Determined Contributions (NDCs) process

5- Finance Ministries and Country Platforms: a strategic tool to bridge the SDGs implementation gap and scale climate finance?

Economic Analysis and Modeling Tools to Assist Ministries of Finance in Driving Green and Resilient Transitions: An Overview of Options and Case Studies of Deployment

Ministries of Finance play a central role in shaping economic, fiscal, and financial policy, and their active leadership is essential for driving climate action. To do so, they need to address challenging policy questions—such as how to finance green energy and resilience measures, manage distributional impacts, and support innovation in low-carbon technologies.

Download it here,

This report provides a systematic overview of analytical tools available to Ministries of Finance to help address these policy questions and integrate climate into their economic analysis. It serves as a reference for Ministries of Finance and their partners that want to explore how climate-related economic policy can be analyzed and diverse tools can be used to support climate-informed decision-making. For this, the report groups the available tools into four categories for readers to explore: 

1. Climate-enhanced macroeconomic and sectoral models. These analyze macroeconomic, sectoral, and distributional impacts of aspects of climate change and green and resilient transitions, often building on existing models used by Ministries of Finance.
2. Physical climate and disaster risk models and approaches. These assess climate damages and risks, informing fiscal risk management and adaptation strategies.
3. Decision-making frameworks and other analytical tools. These include cost–benefit analysis and robust decision-making and can provide qualitative and quantitative insights that complement other approaches, particularly in contexts of uncertainty and risk.
4. Ex-post case studies and evaluations. These assess the impacts of implemented climate policies and past transitions, providing insights into effectiveness, challenges, and lessons learned.  

The report covers 23 tools, clarifies their use cases, strengths, and limitations, and provides case studies of their deployment. It also maps tools to policy questions to help Ministries of Finance identify those most relevant to their needs and highlights cross-cutting analytical considerations.  

Through this overview, the following key messages emerge:

• Different strategies can be used to integrate climate into analytical tools. Ministries of Finance can integrate climate-related factors into their existing economic models and analytical approaches or use tools specifically designed to analyze climate impacts and policies.
• No single tool can answer all relevant questions. Different policy questions require different tools that can capture different variables and perspectives. Multiple tools and sensitivity analyses can provide complementary insights and help assess the robustness of results.
• Tools can be linked or used in conjunction for more comprehensive analysis. The boundaries between tools are not rigid, and they can be combined to leverage their respective strengths, enabling analysis that is both more encompassing and more detailed.
• Continuous learning and development are crucial. Mainstreaming climate in the analysis and decision-making of Ministries of Finance is an evolving process, and peer learning and collaborating with analytical ecosystems are important parts of this.

Finance Ministers Step Up Climate Action Commitments at 14th Ministerial Meeting

At the 14th Ministerial Meeting of the Coalition of Finance Ministers for Climate Action, Finance Ministers from across the world reaffirmed their commitment to integrating climate considerations into economic policy and fiscal planning. 

Watch now what the Ministers of Finance shared about Climate Actions:

Uganda Minister Hon. Henry Ariganyira Musasizi

Croatia's Minister of Finance's speech on becoming the incoming co-chair

Hon. Lekey Dorji, Bhutan's MoF 

https://youtube.com/shorts/ZFFYM5VXz48 

October 2025 — The Coalition of Finance Ministers for Climate Action has released a major new report under its Helsinki Principle 4 (HP4) initiative, titled “How Ministries of Finance Can Build Capabilities for Economic Analysis and Modeling to Drive Green and Resilient Transitions.” This publication marks a significant step forward in supporting Ministries of Finance (MoFs) worldwide as they confront the urgent challenges and opportunities of the climate transition.

Throughout the Coalition of Finance Ministers for Climate Action’s Helsinki Principle 4 initiative ‘Economic Analysis for Green and Resilient Transitions’, a clear message emerges: MoFs are increasingly engaged, interested, and aware of the transition. They understand that delivering on their core mandates of macroeconomic stability, sustainable growth, and sound public finances now increasingly depends on their ability to account for the risks and opportunities of climate change and the green transition.

However, while awareness is high, many Ministries still lack the capacity to act, and few have an explicit mandate on climate action. According to the Coalition’s global survey of Ministries of Finance, only about one-third consider climate action a core economic issue central to their mission. At the same time, most remain at an early stage in developing the analytical tools, data systems, and institutional capacities needed to effectively support and steer green and resilient transitions.

But change is underway. A growing number of Ministries are applying economic analysis to the pressing climate- and transition-related challenges they face and are building their capacities to mainstream climate action into their core mandate and functions. 

The HP4 Capabilities Report provides an overview of strategies, options, and recommendations for how Ministries of Finance can practically enhance their analytical capabilities to drive green and resilient transitions.  

Among the report’s key messages are:

• Capability is about more than having access to suitable tools and models. It is about being able to identify, use, and maintain suitable tools to answer relevant policy questions, communicating results (and limitations), and ensuring integration into decision-making processes.
• Ministries of Finance have vastly different levels of analytical capabilities. These have a substantial impact on the type of analysis that could be most suitable and worth investing in, and the priorities and next steps for strengthening local capabilities. Approaches for building capabilities should be pragmatic and consider building on existing capabilities. It is better to ‘start simple’ than wait for more expertise to arrive.
• Ministries of Finance can build or improve their capabilities over time to meet their needs. This typically requires:
• Skills:  Building analytical capabilities requires ensuring a few dedicated experts to develop the knowhow in-house with the right mix of skills for conducting or interpreting modeling and analysis are present in the MoF.
• Collaboration: Ministries of Finance require support from a broader analytical ecosystem, including line ministries and governmimprovingncies to share models, data, and experience; universities and research institutes with climate expertise; and technical assistance providers and the wider international community, which can be critical for many in building expertise and improve access to tools and data.
• Governance and Leadership: Clear roles, responsibilities, and institutional structures as well as accountability are crucial for ensuring that climate-related economic modeling and analysis are effectively integrated into the Ministry of Finance's decision-making. Policy-makers’ and management’s leadership and backing within governments and the MoF is crucial in making progress.

There is a strong demand for technical assistance providers to ramp up and reform existing offers and training provision to help MoFs develop and maintain their own internal capabilities. To do this, technical assistance providers can work closely together with universities, research institutions, and partners across government.

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