Preserving Macroeconomic Stability and Financing Resilience and the Green Transition in the Face of Energy Price Shocks
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Climate Action as an Engine of Growth, Jobs and Competitiveness
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The Coalition is dedicated to providing insightful news updates on global efforts and progress in country domestic climate action we support
The first Action Areas of the updated Flagship Guide are now open for consultation.
Coalition members and other interested stakeholders are invited to review the drafts and share their feedback, country experience, and implementation lessons to help make the final Guide as practical and useful as possible for Ministries of Finance.
Contribute through the consultation form
Explore the consultation draft on the interactive website and share your feedback
Consultation until 30 November 2026
The Network for Greening the Financial System (NGFS) and the Coalition of Finance Ministers for Climate Action (CFMCA) have launched a new joint dialogue platform to deepen knowledge sharing between central banks and finance ministries on the macroeconomic dimensions of climate change and the transition to a low-carbon economy.
Check the previous and upcoming joint events here.
And follow us on LinkedIn for daily updates.
Finance Ministers hold the keys to accelerating climate action. They are most clearly aware of the risks posed by climate change and recognize how taking action could unlock trillions in investments and create millions of jobs by 2030.
The Coalition of Finance Ministers for Climate Action brings together fiscal and economic policymakers from over 100 countries to lead the global climate response and secure a just transition towards low-carbon, resilient development.
Coalition's workstreams 2026-2028
View recent and upcoming Coalition events, including workshops, webinars and meetings
Co-hosted with the COP29 Presidency, the Ministerial Meeting of the Coalition of Finance Ministers for Climate Action will take place on Finance Day of COP29 - November 14th, 2024, and will focus on the good practices and challenges of allocating and mobilizing financing for NDC implementation.
At the 12th Ministerial meeting during the IMF/World Bank Annual Meetings on October 23, 2024, the Coalition presented its second joint Climate Action Statement (CAS). This annual document shows the growing range and ambition of the actions taken by Ministries of Finance. Over 60 Members shared nearly 500 climate actions covering climate policy coordination and strategic economic planning, including increased MoF engagement in updating NDCs, the scaling-up of green finance through the mobilization of public and private financial resources, implementing carbon pricing and the phasing-out of inefficient subsidies, and addressing macroeconomic climate and nature risks and financing gaps.
Yesterday, the 12th Ministerial Meeting of the Coalition endorsed Uganda as its new Co-Chair.
Indonesia’s four-year term as Co-Chair of the Coalition of Finance Ministers for Climate Action will end in Spring 2025. Their role as Co-Chair will be taken over by Uganda, which was elected by Coalition Members in September. During the Ministerial meeting, the election results were endorsed by sitting Ministers of the Coalition. Following the Ministerial Meeting, Uganda will be closely involved in all discussions together with the two current Co-Chairs, Indonesia and the Netherlands, to ensure a smooth transition in function, process, and leadership.
The Coalition meets during the WB/IMF Annual Meetings on October, 2024 in Washington, D.C.
