Coalition of Finance Minister events, reports, tools, and highlights 

The Coalition is dedicated to providing insightful news updates on global efforts and progress in achieving climate action goals

New global initiative to deepen knowledge exchange between central banks and finance ministries to manage climate risks.

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.

Discover more here.

How Ministries of Finance Can Build Capabilities for Economic Analysis and Modeling to Drive Green and Resilient Transitions - October 2025

Economic Analysis and Modeling Tools to Assist Ministries of Finance in Driving Green and Resilient Transitions - November 2025

Read the reports

Climate Action Statement 2025 and Climate Action Map

Over 500 climate policies by finance ministries worldwide show the economic benefits of climate action. The latest edition of the Climate Action Statement, featuring data from nearly 70 countries, demonstrates that finance ministries are driving economic growth, competitiveness, and resilience through their climate ambitions.

Read it now

About the Coalition

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 100 countries to lead the global climate response and secure 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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100 Member Countries

 

Member Countries

 

Events

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

COP30 Highlights: The Coalition of Finance Ministers at the Forefront of Climate Action

November 24, 2025

At COP30, the Coalition of Finance Ministers for Climate Action showcased how finance ministries are driving the shift from climate pledges to implementation.Through high-level events and strategic dialogues, the Coalition emphasized the critical role of fiscal and economic policy in delivering Nationally Determined Contributions (NDCs), mobilizing $1.3 trillion annually for emerging markets, and integrating climate goals into macroeconomic and fiscal frameworks. Key discussions spotlighted innovative tools—such as green budgeting, carbon pricing, and risk management—and launched new initiatives to strengthen collaboration between finance ministries and central banks. These engagements reaffirm the Coalition’s commitment to enabling resilient and inclusive growth, and positioning finance ministries as leaders in the global climate transition.

Watch the video summary:

The role of finance ministries in driving climate implementation and investment is gaining unprecedented attention. Recent important reports, including the COP30 Circle of Finance Ministers report and the Baku-to-Belém Roadmap, as well as the newly released Independent High-Level Expert Group (IHLEG) report on Climate Finance, all converge on one message: finance ministries are central to delivering climate commitments and enabling a just transition.

The role of finance ministries in implementing climate action reflects a fundamental shift in the global policy architecture. This is not limited to macro-fiscal management; it also encompasses the design of financial systems, the mobilization of private capital on a large scale, and the creation of enabling environments for sustainable economic growth. Adaptation finance, integration of climate risk into fiscal frameworks, and deployment of technology-driven solutions, including AI for modeling and analytics, are emerging as core priorities for the decade ahead.

The Coalition of Finance Ministers for Climate Action is well-positioned to help shape this transformation. Through structured dialogues, joint initiatives, and technical platforms, the Coalition supports its 100 member ministries in translating global commitments into actionable strategies. Our workstreams, focused on adaptation, NDC implementation, carbon pricing, climate finance, and mainstreaming climate considerations into economic policies, align directly with the priorities set out in the COP30 Circle Report, the Baku-to-Belém Roadmap, and the IHLEG Finance Report. By advancing taxonomy interoperability, enhancing capacity for climate-informed fiscal planning, and fostering mechanisms to attract private investment, the Coalition ensures that Finance Ministries are equipped to lead systemic change. 

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High-Level Event: "Implementing NDCs: How Finance Ministries Can Integrate Climate Goals into Economic Strategy" 

The Coalition's flagship event with Brazil’s Finance Ministry and the COP30 Presidency highlighted the pivotal role of Finance Ministries in delivering NDCs. The discussion underscored the growing importance of Finance Ministries in driving and accelerating climate action, with broad agreement that effective National Determined Contributions (NDCs) implementation hinges on strong macro-fiscal leadership.

  • Egypt’s Finance Minister, Mr. Ahmed Kouchouk, highlighted the importance of regulatory reforms, whole-of-government coordination, and diverse financing instruments—from blended finance to debt-for-climate swaps—in delivering Nationally Determined Contributions.  
  • Brazil’s Vice Minister of Finance, Mrs. Tatiana Rosito, emphasized the close synergies between the Circle of Finance Ministers, the CFMCA, the IHLEG report on Climate Finance, and the Baku-to-Belém Roadmap, noting that fiscal and financial policies are central to mobilizing the $1.3 trillion in annual financing needed by emerging markets and developing economies.
  • UN Special Advisor and Assistant Secretary-General, Mr. Selwin Hart, reaffirmed that updated NDCs now include clearer costing and macroeconomic analysis, reflecting deeper engagement by Finance Ministries, but stressed that ambition remains short of a 1.5°C pathway and that the coming decade must prioritize accelerated implementation—calling on ministries to align macro-fiscal frameworks, leverage MDBs, and counter climate misinformation.
  • Contributions from other countries and institutions—including the Netherlands, Uruguay, Luxembourg, Nigeria, Uganda, Denmark, CIF, WRI, and the Grantham Institute—reinforced practical lessons on fossil fuel subsidy reform, climate funds, private-sector mobilization, fiscal risk management, and the importance of strong country platforms. 

Overall, the event confirmed that climate policy is now embedded in macroeconomic strategy, with Finance Ministries playing a critical role in turning commitments into investment pipelines, resilient budgets, and economy-wide transitions.

Watch the event video and  LinkedIn Post

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"Inside the Economic Engine Room: Ministries of Finance and Economic Analysis for Green and Resilient Transitions" 

At the Danish Pavilion, the Coalition of Finance Ministers for Climate Action hosted an interactive session exploring how finance ministries are embedding climate into fiscal frameworks and budget processes.

Participants explored how MoFs—responsible for managing $30 trillion in public capital—are central to shaping a growth story grounded in optimism and resilience. The event highlighted practical solutions, including peer-to-peer learning, innovative modeling approaches, and new resources to support policy design.

Professor Lord Nicholas Stern introduced his open-access book "The Growth Story of the 21st Century", underscoring the role of MoFs in unlocking investment through a range of policy instruments—from carbon pricing to fiscal incentives and market reforms. His message: multiple market failures demand multiple tools, and strong analytics are essential for unlocking investment and delivering sustainable growth..

Key highlights:

  • Launch of the Coalition’s Tools Report, offering guidance for ministries to incorporate climate into fiscal frameworks.
  • Insights from countries like Denmark, and its green reform model, and Uganda, integrating climate into debt sustainability assessments.
  • Release of new reports, reinforcing the importance of collaboration and evidence-based policymaking.

The Coalition reaffirmed its commitment to help countries strengthen domestic climate action and mobilize resources for the transition.

 

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Economic Analysis and Modeling Tools to Assist Ministries of Finance in Driving Green and Resilient Transitions - November 2025

This report provides a systematic overview of analytical tools available to ministries of finance to help address the policy climate policy questions they face 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. It covers 23 tools grouped into four categories, 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: (1) Different strategies can be used to integrate climate into analytical tools, (2) no single tool can answer all relevant questions, (3) tools can be linked or used in conjunction for more comprehensive analysis, and (4) continuous learning and development are crucial.

 

How Ministries of Finance Can Build Capabilities for Economic Analysis and Modeling to Drive Green and Resilient Transitions - October 2025

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 tools and conduct (or commission) analysis to answer relevant policy questions, communicating results (and limitations), and ensuring integration into decision-making processes.
  • Ministries of finance have 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 build on existing capabilities. It is better to ‘start simple’ and refine the analysis throughout than to wait for more expertise to arrive.
  • Ministries of finance can build or improve their capabilities over time. This typically requires: 

– Skills: Building analytical capabilities requires ensuring dedicated staffing resources with the right mix of skills for conducting or interpreting modeling and analysis are present in the ministry. 

– Collaboration: ministries of finance cannot address their capability gaps alone. They may require support from a broader analytical ecosystem, including line ministries and government agencies willing to share models, data, and experience; universities and research institutes with climate expertise; and technical assistance providers and the wider international community, which can help build expertise and improve access to tools and data. 

– Governance: Clear roles, responsibilities, and institutional structures are crucial for ensuring that climate-related economic modeling and analysis are effectively integrated into the ministry of finance’s decision-making. 

There is a strong demand for technical assistance providers to ramp up and reform existing offers and training provision to help ministries of finance develop and maintain internal capabilities. This will require working with universities, research institutions, and partners across government.  

 

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NFGS

Launch of the Coalition of Finance Ministers and NGFS Joint Initiative:

On the margins of COP30 in São Paulo, the Coalition of Finance Ministers for Climate Action and the Network for Greening the Financial System (NGFS) announced a new initiative to strengthen collaboration between finance ministries and central banks. 

The joint initiative aims to deepen cooperation between finance ministries and central banks on the macroeconomic dimensions of climate change and the transition to a low-carbon economy. 

Climate change and the low-carbon transition are reshaping macroeconomic and financial conditions in ways that directly affect both fiscal and monetary policy environments. In this context, regular and informal exchanges between finance ministries and central banks can support mutual learning, a clearer shared understanding, and well-informed economic planning, while fully respecting their distinct mandates. 

This initiative will bring together fiscal and monetary officials to share approaches and perspectives on how climate and nature-related developments are influencing macroeconomic conditions, inflation, debt sustainability, financial stability, investment needs, and growth prospects. It is designed to be voluntary, flexible, and non-binding, and grounded in practical experience. 

Read the Press Release 

Read the Joint Announcement 

Read the Article in the Press

NGFS and the Coalition of Finance Ministers Strengthen Collaboration on Climate with Launch of Joint Dialogue Platform at COP30

November 21, 2025

New global initiative to deepen knowledge exchange between central banks and finance ministries to manage climate risks.

 

São Paulo, Brazil – November 7, 2025 — 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.


Climate change and the low-carbon transition are reshaping the macroeconomic and financial landscape in ways that affect the missions of both central banks and finance ministries. In the face of intensifying physical climate risks, evolving transition dynamics, and growing demands for investment in resilience and decarbonization, exchange between monetary and fiscal authorities is more important than ever.

head table
Announced on the margins of COP30 in Belém, the initiative will convene senior fiscal and monetary officials for regular, informal exchanges on how climate and nature-related developments are influencing macroeconomic conditions, inflation, debt sustainability, financial stability, investment needs, and growth prospects. The dialogue series is designed to share approaches, deepen mutual understanding, and support coherent macroeconomic planning for the transition, while fully respecting the distinct mandates and independence of central banks.


The initiative responds to recognition that climate change is not only an environmental concern, but a core economic challenge. Finance ministries and central banks are increasingly engaging with similar transition-related analytical questions, and this series will provide them with structured opportunities for direct and productive exchange.

meeting room
Launch and Next Steps
The launch event, held at the Sustainable Innovation Forum in São Paulo, marked the first in a series of roundtables aimed at fostering practical knowledge exchange between monetary and fiscal authorities.
Following the launch, a series of thematic dialogues will take place over the course of 2026, each hosted by a participating institution and structured around key macroeconomic dimensions of climate change and a resilient low carbon transition. These sessions will incorporate real-world case studies, practitioner perspectives, and opportunities for moderated discussion.
 

Quotes:
Dr. Sam Mugume Koojo, Deputy to the Uganda Finance Minister, Co-Chair of Coalition of Finance
Ministers for Climate Action
“Central banks and finance ministries are each working to understand the economic implications of the climate transition. This dialogue gives us the space to compare approaches, strengthen our analytical foundations, and identify where coordinated action can support a resilient and orderly transition”


Ralien Bekkers, Deputy to the Netherlands Finance Minister, Co-Chair of Coalition of Finance Ministers for Climate Action
“Climate change is increasingly shaping the macroeconomic environment we manage every day—from investment decisions and debt planning to monetary and financial stability. Finance ministries have a responsibility to help ensure the transition is orderly and economically sound. Working closely with central banks, while respecting our distinct mandates, allows us to learn fromone another and helps ensure that no critical issues fall between institutional responsibilities.”


Fundi Tshazibana, Deputy Governor of the South African Reserve Bank, Chief Executive Officer of the Prudential Authority, and NGFS Vice Chair
"Strengthening financial and economic resilience to mitigate the effects of climate change requires collective efforts. This initiative provides a strategic platform for finance ministries and central banks to engage, each bringing their unique capabilities and perspectives to the discussion. Within our distinct mandates and tools, we can strengthen both our institutional and global responses to this critical issue."

Yann Marin, NGFS Secretary General, Deputy Director for Financial Stability at Banque de France
“Climate change and nature degradation are increasingly macro-critical. This dialogue platform offers a unique opportunity to exchange perspectives with finance ministries, ensuring that our respective approaches are informed and coherent. By creating space for dialogue between central banks and finance ministries, we strengthen our collective ability to navigate the transition in a way that supports stability, resilience, and sustainable growth.”


About the CFMCA
The Coalition of Finance Ministers for Climate Action was established in 2019. It brings together 100 Ministries of Finance that are committed to integrating climate considerations into economic and financial policies and to advancing climate-informed fiscal planning and public financial management. The Coalition serves as a platform for Finance Ministries to exchange experience, develop common approaches, and strengthen capacity to support the transition toward a resilient and sustainable economy. The Coalition is currently co-chaired by the Ministries of Finance of the Netherlands and Uganda. The Secretariat is jointly hosted by the World Bank Group and the International Monetary Fund. In addition to its member countries, the Coalition works with 21 Institutional Partners and a wide network of Knowledge Partners that contribute technical expertise and support collaborative initiatives.

For more details, visit the Coalition website, LinkedIn Account, Work Programme, and Climate
Action Statement 2025, or contact the Coalition Secretariat at:
coalitionsecretariat@financeministersforclimate.org

About the NGFS
The Network for Greening the Financial System (NGFS) was launched at the Paris One Planet Summit on 12 December 2017. It represents a group of central banks and supervisors, which are willing to share best practices and contribute to the development of environment and climate risk management in the financial sector, and to mobilize mainstream finance to support the transition toward a sustainable economy. The NGFS brings together 146 central banks and supervisors and 23 observers. The NGFS is chaired by Sabine Mauderer, First Deputy Governor of the Deutsche Bundesbank, with the support of the Vice Chair, Fundi Tshazibana, Deputy Governor of the South African Reserve Bank and Chief Executive Officer of the Prudential Authority. The Secretariat, headed by Yann Marin, is provided by the Banque de France.

For more details, visit the NGFS website, LinkedIn account, and 2024 Annual Report, or contact the NGFS Secretariat at the Banque de France: sec.ngfs@banque-france.fr. Press Office at the Banque de France: +33 (0) 1 42 92 39 00 / presse@banque-france.fr

AGENDA : Implementing NDCs: how Finance Ministries can integrate climate goals into economic strategy

Submitted by Fernanda Vilar on

COP30 High-Level Event of the Coalition of Finance Ministers for Climate Action, Brazil Ministry of Finance, and COP30 Presidency 

Implementing NDCs: How Finance Ministries can integrate climate goals into economic strategy 

15 November 2025, 16.30-18.00, Room São Francisco, COP30 Belém

New HP4 Report: Economic Analysis and Modeling Tools to Assist Ministries of Finance in Driving Green and Resilient Transitions

November 04, 2025

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,

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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-makingFor 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

October 31, 2025

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 

Climate Action Statement: 500+ Climate Policies by Finance Ministries from 70 countries

October 15, 2025

The Coalition of Finance Ministers for Climate Action has released today the third edition of its latest Climate Action Statement and the world’s most comprehensive finance ministry–led database of completed and ongoing climate policy actions.

 

Over 500 climate policies by finance ministries worldwide show the economic benefits of climate action 

The latest edition of the Climate Action Statement, featuring data from nearly 70 countries, demonstrates that finance ministries are driving economic growth, competitiveness, and resilience through their climate ambitions. 

Washington, DC, October 2025 — The Coalition of Finance Ministers for Climate Action has released today the third edition of its latest Climate Action Statement and the world’s most comprehensive finance ministry–led database of completed and ongoing climate policy actions. 

With the Coalition’s 14th Ministerial Meeting underway during the IMF/World Bank Annual Meetings, this interactive database features over 500 climate policy actions from nearly 70 ministries of finance worldwide. The CAS 2025 highlights how ministries of finance are not only safeguarding macroeconomic stability and fiscal sustainability but also positioning themselves as leaders in seizing the opportunities of the transition to low-carbon, climate-resilient economies amid a rapidly evolving global landscape 

 

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Key highlights:  

 

 

  • 82% of the contributing Coalition ministries of finance are strengthening Institutional Frameworks and Governance: Finance ministries are enhancing coordination, transparency, and climate-related decision-making across government systems. Ministries of Finance reported 168 measures to strengthen institutional and governance structures. 

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  • 66% are advancing Financial Instruments and Carbon Markets: Finance Ministries are scaling up green bonds, emissions trading systems, and blended finance to mobilize private capital for climate action. 87 measures are reported in this area, reflecting growing reliance on market-based and financial tools. 

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  • 16% are enhancing Regulatory and Informational Tools: Finance ministries are expanding climate-related disclosures and taxonomies to improve transparency and guide green investment. 77 measures were reported in this area, reflecting growing use of data and reporting standards for climate finance. 

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  • 15% are Integrating Climate Risks into Public Financial Management: Ministries are aligning fiscal frameworks and macroeconomic planning with climate objectives to strengthen fiscal stability. 70 measures were reported on climate-related public financial management reforms. 

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  • 10% are tailoring Environmental Taxes and Fiscal Incentives: Ministries of Finance are introducing carbon taxes, phasing out harmful subsidies, and expanding clean energy incentives. 45 measures were reported on environmental taxation and subsidy reform. 

 

“Finance ministries play a critical role in shaping the economic signals that guide the transition. By aligning fiscal and general financial policies with climate objectives, we can create clear, predictable frameworks that attract investment, support innovation, and ensure the transition strengthens —not destabilizes— our economies.” — Marko Primorac, Minister of Finance of Croatia and Deputy Prime Minister, Incoming Co-Chair of the Coalition of Finance Ministers for Climate Action.  

 

“Climate action is central to both economic stability and development. The Climate Action Statement 2025 illustrates how finance ministries playing a more pertinent role in climate policies— aligning fiscal policy with climate priorities, fostering economic resilience, and working towards a more predictable environment for unlocking the investment needed to build sustainable and inclusive economies.” — Hon. Matia Kasaija, Minister of Finance, Planning and Economic Development of Uganda and Co-Chair of the Coalition of Finance Ministers for Climate Action

 

Climate policies are not the sole remit of Environmental Ministries. This initiative shows how Finance Ministries are transforming climate ambition into economic opportunity. From carbon pricing and green bonds to fiscal reforms and climate-informed budgeting, governments are rethinking how economies grow and compete. By harnessing the low-carbon transition, they are creating new jobs, boosting productivity, and enhancing energy and fiscal resilience—proving that climate action and economic prosperity are mutually beneficial.

 

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Key links: