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 50 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

Align Policies with the Paris Agreement

Achieving low carbon and climate resilient economies by mid-century requires structural economic changes. Finance Ministries wield fiscal, economic, and planning instruments to facilitate a smooth…
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Share Experience and Expertise

Ministries of Finance are engaged in many areas related to climate change policy, but few have a climate plan or strategy in place. Enhanced efforts on climate change will require ministries to…
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Promote Carbon Pricing Measures

Finance Ministers have identified carbon pricing (measures which put a price on the emissions of carbon dioxide or other greenhouse gases) as a key economic policy tool to address climate change and…
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Climate-Informed Fiscal Planning

Mainstreaming climate change mitigation and adaptation policies in macro-fiscal and other relevant policy planning, budgeting, public investment management and public procurement is essential to…
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Climate-Resilient Financial Sector

A financial sector that incorporates risks and opportunities resulting from climate change will enhance investment decisions and increase the flow of finance. The goal under Helsinki Principle 5 is…
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NDC Support and Implementation

Ministries of Finance are playing an important role in the inter-ministerial coordination to update or communicate the Nationally Determined Contribution, which can be updated at any time, but the…
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52

countries

16%

of global CO2 emissions

30%

of Global GDP

Member Countries

 

The Secretariat

Partners

Events

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Knowledge Center

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Finance Ministers Join Forces to Raise Climate Ambition

Submitted by agrover2 on Mon, 04/15/2019 - 12:36

At the 2019 World Bank Group-IMF Spring Meetings, Finance Ministers from more than twenty countries have launched a new coalition aimed at driving stronger collective action on climate change and its impacts. The newly formed Coalition of Finance Ministers for Climate Action endorsed a set of six common principles, known as the “Helsinki Principles,” that promote national climate action, especially through fiscal policy and the use of public finance.